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

Macquarie restated their neutral rating on shares of AMC Entertainment (NYSE:AMC) in a research note published on Wednesday morning,Benzinga reports. They currently have a $4.00 price objective on the stock.

A number of other research analysts also recently issued reports on the stock. B. Riley decreased their target price on shares of AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. Roth Mkm upgraded shares of AMC Entertainment from a “sell” rating to a “neutral” rating and decreased their target price for the company from $4.00 to $3.25 in a research report on Tuesday, February 4th. Roth Capital set a $3.25 target price on shares of AMC Entertainment in a research report on Tuesday, February 4th. Benchmark restated a “hold” rating on shares of AMC Entertainment in a research report on Thursday, November 7th. Finally, StockNews.com upgraded shares of AMC Entertainment to a “sell” rating in a research report on Saturday, February 22nd. Three equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $4.81.

AMC Entertainment Trading Up 3.0 %

NYSE:AMC opened at $3.32 on Wednesday. The company has a market capitalization of $1.25 billion, a P/E ratio of -2.06 and a beta of 1.88. The firm has a fifty day simple moving average of $3.57 and a 200-day simple moving average of $4.24. AMC Entertainment has a 12 month low of $2.38 and a 12 month high of $11.88.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in AMC Entertainment by 4.4% in the fourth quarter. Vanguard Group Inc. now owns 36,854,559 shares of the company’s stock valued at $146,681,000 after buying an additional 1,558,554 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of AMC Entertainment by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 8,271,059 shares of the company’s stock worth $32,927,000 after purchasing an additional 223,877 shares in the last quarter. State Street Corp increased its stake in shares of AMC Entertainment by 14.6% during the third quarter. State Street Corp now owns 7,353,442 shares of the company’s stock worth $33,458,000 after purchasing an additional 936,618 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of AMC Entertainment by 8.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,032,519 shares of the company’s stock worth $16,049,000 after purchasing an additional 327,019 shares in the last quarter. Finally, Northern Trust Corp increased its stake in shares of AMC Entertainment by 12.6% during the fourth quarter. Northern Trust Corp now owns 3,318,281 shares of the company’s stock worth $13,207,000 after purchasing an additional 370,408 shares in the last quarter. Hedge funds and other 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.