AMC Entertainment (NYSE:AMC) Research Coverage Started at B. Riley

B. Riley began coverage on shares of AMC Entertainment (NYSE:AMC) in a research note released on Friday morning. The brokerage issued a neutral rating and a $3.00 target price on the stock.

Several other research firms also recently weighed in on AMC. Roth Mkm cut their price target on AMC Entertainment from $3.25 to $3.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 16th. Macquarie restated a “neutral” rating and issued a $4.00 price objective on shares of AMC Entertainment in a research note on Wednesday, February 26th. Benchmark reiterated a “hold” rating on shares of AMC Entertainment in a research note on Monday, March 3rd. Roth Capital set a $3.25 price target on AMC Entertainment in a research note on Tuesday, February 4th. Finally, StockNews.com upgraded AMC Entertainment to a “sell” rating in a research report on Saturday, February 22nd. Three analysts have rated the stock with a sell rating and six have given a hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $4.22.

AMC Entertainment Trading Up 4.8%

NYSE AMC opened at $2.95 on Friday. AMC Entertainment has a 1-year low of $2.45 and a 1-year high of $5.96. The stock has a 50-day moving average of $2.82 and a 200-day moving average of $3.52. The firm has a market cap of $1.27 billion, a PE ratio of -1.83 and a beta of 1.41.

AMC Entertainment (NYSE:AMC) last announced its quarterly earnings results on Wednesday, May 7th. The company reported ($0.58) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.61) by $0.03. The business had revenue of $862.50 million for the quarter, compared to analysts’ expectations of $983.23 million. During the same quarter in the prior year, the firm earned ($0.62) EPS. The firm’s revenue for the quarter was down 9.3% on a year-over-year basis. As a group, equities research analysts forecast that AMC Entertainment will post -1.38 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of AMC Entertainment by 4.4% in the fourth quarter. Vanguard Group Inc. now owns 36,854,559 shares of the company’s stock worth $146,681,000 after acquiring an additional 1,558,554 shares during the period. KBC Group NV increased its holdings in shares of AMC Entertainment by 7,771.5% during the 4th quarter. KBC Group NV now owns 648,141 shares of the company’s stock worth $2,580,000 after buying an additional 639,907 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of AMC Entertainment during the 4th quarter worth approximately $289,000. Susquehanna Fundamental Investments LLC purchased a new position in shares of AMC Entertainment during the 4th quarter worth approximately $1,191,000. Finally, Northern Trust Corp boosted its position in AMC Entertainment by 12.6% in the 4th quarter. Northern Trust Corp now owns 3,318,281 shares of the company’s stock valued at $13,207,000 after buying an additional 370,408 shares during the period. 28.80% of the stock is currently owned by institutional investors and hedge funds.

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.