AMC Entertainment (NYSE:AMC) Receives “Neutral” Rating from Wedbush

Wedbush reissued their neutral rating on shares of AMC Entertainment (NYSE:AMC) in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has a $4.00 price target on the stock.

Separately, B. Riley decreased their price objective on shares of AMC Entertainment from $12.00 to $8.00 and set a neutral rating on the stock in a report on Thursday, February 29th. Four investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of Reduce and a consensus price target of $5.95.

AMC Entertainment Stock Performance

AMC Entertainment stock opened at $3.03 on Monday. The stock has a 50-day simple moving average of $3.79 and a 200 day simple moving average of $5.61. The stock has a market capitalization of $796.42 million, a P/E ratio of -1.29 and a beta of 1.62. AMC Entertainment has a 52 week low of $2.38 and a 52 week high of $62.30.

AMC Entertainment (NYSE:AMC) last issued its earnings results on Wednesday, February 28th. The company reported ($0.54) EPS for the quarter, topping the consensus estimate of ($0.70) by $0.16. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.06 billion. Research analysts forecast that AMC Entertainment will post -1.61 earnings per share for the current year.

Institutional Investors Weigh In On AMC Entertainment

Hedge funds and other institutional investors have recently modified their holdings of the company. Principal Financial Group Inc. increased its position in AMC Entertainment by 50.6% during the first quarter. Principal Financial Group Inc. now owns 20,091 shares of the company’s stock worth $75,000 after acquiring an additional 6,748 shares during the period. Powell Investment Advisors LLC bought a new position in shares of AMC Entertainment during the first quarter worth approximately $55,000. Quadrature Capital Ltd raised its position in shares of AMC Entertainment by 374.1% in the fourth quarter. Quadrature Capital Ltd now owns 818,077 shares of the company’s stock valued at $5,003,000 after buying an additional 645,541 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of AMC Entertainment by 48.3% in the fourth quarter. Vanguard Group Inc. now owns 20,187,662 shares of the company’s stock valued at $123,548,000 after buying an additional 6,577,228 shares during the period. Finally, Virtu Financial LLC acquired a new stake in AMC Entertainment during the fourth quarter worth approximately $202,000. Institutional investors and hedge funds own 28.80% of the company’s stock.

About AMC Entertainment

AMC Entertainment Holdings, Inc, through its subsidiaries, engages in the theatrical exhibition business. It owns, operates, or has interests in theatres in the United States and Europe. The company was founded in 1920 and is headquartered in Leawood, Kansas.