Roth Mkm Lowers AMC Entertainment (NYSE:AMC) Price Target to $3.00

AMC Entertainment (NYSE:AMC) had its price target cut by equities researchers at Roth Mkm from $3.25 to $3.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Roth Mkm’s target price indicates a potential upside of 7.60% from the stock’s current price.

AMC has been the topic of a number of other research reports. Benchmark reiterated a “hold” rating on shares of AMC Entertainment in a research report on Monday, March 3rd. Roth Capital set a $3.25 target price on shares of AMC Entertainment in a research note on Tuesday, February 4th. StockNews.com upgraded AMC Entertainment to a “sell” rating in a report on Saturday, February 22nd. Citigroup decreased their target price on AMC Entertainment from $2.90 to $2.80 and set a “sell” rating on the stock in a research report on Friday, March 7th. Finally, Macquarie reissued a “neutral” rating and issued a $4.00 price objective on shares of AMC Entertainment in a research note on Wednesday, February 26th. Three research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $4.72.

AMC Entertainment Stock Down 0.4 %

AMC stock opened at $2.79 on Wednesday. The firm has a market cap of $1.20 billion, a P/E ratio of -1.73 and a beta of 1.64. AMC Entertainment has a 52-week low of $2.45 and a 52-week high of $11.88. The company’s 50-day simple moving average is $3.06 and its 200-day simple moving average is $3.76.

Institutional Investors Weigh In On AMC Entertainment

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in shares of AMC Entertainment by 4.4% during the 4th quarter. Vanguard Group Inc. now owns 36,854,559 shares of the company’s stock worth $146,681,000 after purchasing an additional 1,558,554 shares during the last quarter. Marshall Wace LLP increased its position in shares of AMC Entertainment by 85.4% during the fourth quarter. Marshall Wace LLP now owns 2,801,788 shares of the company’s stock valued at $11,151,000 after acquiring an additional 1,290,376 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of AMC Entertainment by 91.5% in the 4th quarter. JPMorgan Chase & Co. now owns 2,263,513 shares of the company’s stock valued at $9,009,000 after acquiring an additional 1,081,464 shares during the period. State Street Corp lifted its holdings in shares of AMC Entertainment by 14.6% in the 3rd quarter. State Street Corp now owns 7,353,442 shares of the company’s stock worth $33,458,000 after acquiring an additional 936,618 shares during the last quarter. Finally, Balyasny Asset Management L.P. purchased a new position in shares of AMC Entertainment during the 4th quarter worth approximately $3,646,000. Institutional investors and hedge funds 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.