AMC Entertainment (NYSE:AMC) PT Raised to $4.00 at Macquarie

AMC Entertainment (NYSE:AMC) had its price target upped by equities researchers at Macquarie from $3.50 to $4.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has an “underperform” rating on the stock. Macquarie’s price target indicates a potential downside of 23.22% from the stock’s current price.

Several other research analysts have also recently weighed in on AMC. Wedbush dropped their price objective on shares of AMC Entertainment from $4.00 to $3.50 and set a “neutral” rating for the company in a research report on Thursday, May 9th. Citigroup boosted their price objective on shares of AMC Entertainment from $3.10 to $3.20 and gave the stock a “sell” rating in a research report on Tuesday, May 14th. Five investment analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $5.28.

AMC Entertainment Price Performance

Shares of AMC opened at $5.21 on Tuesday. The company has a market capitalization of $1.54 billion, a P/E ratio of -4.10 and a beta of 1.84. AMC Entertainment has a one year low of $2.38 and a one year high of $62.30. The business’s 50 day simple moving average is $4.70 and its 200-day simple moving average is $4.38.

AMC Entertainment (NYSE:AMC) last announced its earnings results on Wednesday, May 8th. The company reported ($0.78) EPS for the quarter, missing the consensus estimate of ($0.62) by ($0.16). The firm had revenue of $951.40 million during the quarter, compared to analyst estimates of $951.40 million. On average, sell-side analysts anticipate that AMC Entertainment will post -0.84 EPS for the current fiscal year.

Institutional Trading of AMC Entertainment

Several institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of AMC Entertainment by 22.9% during the 1st quarter. Vanguard Group Inc. now owns 24,804,669 shares of the company’s stock valued at $92,273,000 after acquiring an additional 4,617,007 shares during the last quarter. Norges Bank bought a new stake in shares of AMC Entertainment during the 4th quarter valued at $12,605,000. Quadrature Capital Ltd raised its position in shares of AMC Entertainment by 374.1% during the 4th quarter. Quadrature Capital Ltd now owns 818,077 shares of the company’s stock valued at $5,003,000 after acquiring an additional 645,541 shares during the last quarter. Boulder Hill Capital Management LP bought a new stake in shares of AMC Entertainment during the 1st quarter valued at $2,842,000. Finally, Capstone Investment Advisors LLC bought a new stake in shares of AMC Entertainment during the 1st quarter valued at $2,043,000. Institutional investors 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.