B. Riley Lowers AMC Entertainment (NYSE:AMC) Price Target to $6.00

AMC Entertainment (NYSE:AMC) had its price target dropped by research analysts at B. Riley from $8.00 to $6.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. B. Riley’s price objective would indicate a potential upside of 41.51% from the stock’s current price.

Other research analysts have also recently issued reports about the stock. Benchmark reiterated a “hold” rating on shares of AMC Entertainment in a research report on Thursday. Morgan Stanley reduced their price target on shares of AMC Entertainment from $11.00 to $10.00 and set an “underweight” rating on the stock in a research report on Monday, August 12th. Finally, Wedbush reiterated a “neutral” rating and set a $4.00 price target on shares of AMC Entertainment in a research report on Monday, August 5th. Three equities research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. Based on data from MarketBeat, AMC Entertainment has a consensus rating of “Hold” and an average price target of $5.44.

AMC Entertainment Stock Performance

AMC traded down $0.34 on Thursday, reaching $4.24. The company had a trading volume of 13,211,653 shares, compared to its average volume of 26,278,025. The business has a 50 day simple moving average of $4.52 and a 200 day simple moving average of $4.65. The company has a market cap of $1.53 billion, a price-to-earnings ratio of -2.88 and a beta of 1.83. AMC Entertainment has a 52-week low of $2.38 and a 52-week high of $11.88.

AMC Entertainment (NYSE:AMC) last announced its earnings results on Wednesday, November 6th. The company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.03. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.33 billion. The company’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.09) earnings per share. As a group, equities research analysts predict that AMC Entertainment will post -1.36 EPS for the current fiscal year.

Institutional Trading of AMC Entertainment

Several large investors have recently added to or reduced their stakes in AMC. KBC Group NV purchased a new position in shares of AMC Entertainment in the 3rd quarter worth about $37,000. Victory Capital Management Inc. increased its holdings in AMC Entertainment by 20.1% in the 3rd quarter. Victory Capital Management Inc. now owns 45,711 shares of the company’s stock worth $208,000 after buying an additional 7,661 shares in the last quarter. Amalgamated Bank increased its holdings in AMC Entertainment by 31.5% in the 3rd quarter. Amalgamated Bank now owns 11,568 shares of the company’s stock worth $53,000 after buying an additional 2,771 shares in the last quarter. Private Advisor Group LLC increased its holdings in AMC Entertainment by 27.5% in the 3rd quarter. Private Advisor Group LLC now owns 15,011 shares of the company’s stock worth $68,000 after buying an additional 3,237 shares in the last quarter. Finally, Waldron Private Wealth LLC increased its holdings in AMC Entertainment by 47.5% in the 3rd quarter. Waldron Private Wealth LLC now owns 25,173 shares of the company’s stock worth $115,000 after buying an additional 8,102 shares in the last quarter. 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.