AMC Entertainment (NYSE:AMC – Free Report) had its price target decreased by Wedbush from $6.00 to $4.00 in a research report report published on Thursday, Benzinga reports. Wedbush currently has a neutral rating on the stock.
Separately, B. Riley cut their price objective on shares of AMC Entertainment from $12.00 to $8.00 and set a neutral rating on the stock in a research note on Thursday, February 29th. Four analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. Based on data from MarketBeat.com, AMC Entertainment currently has a consensus rating of Reduce and a consensus target price of $5.95.
View Our Latest Research Report on AMC Entertainment
AMC Entertainment Stock Performance
AMC Entertainment (NYSE:AMC – Get Free Report) last issued its quarterly earnings data on Wednesday, February 28th. The company reported ($0.54) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.70) by $0.16. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.06 billion. As a group, analysts predict that AMC Entertainment will post -1.7 EPS for the current fiscal year.
Hedge Funds Weigh In On AMC Entertainment
Institutional investors have recently bought and sold shares of the stock. Covestor Ltd increased its stake in AMC Entertainment by 417.6% in the 1st quarter. Covestor Ltd now owns 1,061 shares of the company’s stock worth $26,000 after purchasing an additional 856 shares in the last quarter. KBC Group NV purchased a new position in AMC Entertainment in the 4th quarter worth about $30,000. Russell Investments Group Ltd. purchased a new position in AMC Entertainment in the 4th quarter worth about $34,000. Quantamental Technologies LLC purchased a new position in AMC Entertainment in the 1st quarter worth about $212,000. Finally, XTX Topco Ltd purchased a new position in AMC Entertainment in the 1st quarter worth about $232,000. Hedge funds and other institutional investors own 28.80% of the company’s stock.
AMC Entertainment Company Profile
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.
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