Wedbush Reiterates “Neutral” Rating for AMC Entertainment (NYSE:AMC)

AMC Entertainment (NYSE:AMC)‘s stock had its “neutral” rating reissued by research analysts at Wedbush in a note issued to investors on Monday, Benzinga reports. They presently have a $4.00 price target on the stock. Wedbush’s target price would suggest a potential upside of 36.52% from the company’s previous close.

Separately, B. Riley reduced their target price on 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. According to MarketBeat, the company has an average rating of “Reduce” and an average target price of $5.95.

AMC Entertainment Stock Down 3.3 %

AMC stock opened at $2.93 on Monday. The business’s fifty day simple moving average is $3.76 and its two-hundred day simple moving average is $5.56. AMC Entertainment has a twelve month low of $2.38 and a twelve month high of $62.30. The firm has a market cap of $771.41 million, a price-to-earnings ratio of -1.25 and a beta of 1.62.

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

Institutional Trading of AMC Entertainment

Several institutional investors and hedge funds have recently made changes to their positions in the company. Mayflower Financial Advisors LLC bought a new stake in shares of AMC Entertainment in the first quarter valued at about $37,000. Principal Financial Group Inc. raised its holdings in shares of AMC Entertainment by 50.6% in the first quarter. Principal Financial Group Inc. now owns 20,091 shares of the company’s stock valued at $75,000 after acquiring an additional 6,748 shares in the last quarter. Powell Investment Advisors LLC bought a new stake in shares of AMC Entertainment in the first quarter valued at about $55,000. Quadrature Capital Ltd raised its holdings 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 acquiring an additional 645,541 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings 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 acquiring an additional 6,577,228 shares in the last quarter. 28.80% of the stock is currently owned by institutional investors.

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.