Macquarie Reaffirms Underperform Rating for AMC Entertainment (NYSE:AMC)

AMC Entertainment (NYSE:AMC)‘s stock had its “underperform” rating reissued by equities research analysts at Macquarie in a report released on Wednesday,Benzinga reports. They presently have a $4.00 price objective on the stock. Macquarie’s target price suggests a potential downside of 12.28% from the stock’s previous close.

AMC has been the topic of several other reports. Benchmark reiterated a “hold” rating on shares of AMC Entertainment in a report on Thursday, November 7th. StockNews.com raised shares of AMC Entertainment to a “sell” rating in a report on Tuesday. B. Riley reduced their price objective on AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. Morgan Stanley lowered their target price on AMC Entertainment from $11.00 to $10.00 and set an “underweight” rating on the stock in a research note on Monday, August 12th. Finally, Wedbush restated a “neutral” rating and issued a $4.00 price target on shares of AMC Entertainment in a research note on Monday, August 5th. Four equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $5.44.

AMC Entertainment Price Performance

Shares of NYSE AMC remained flat at $4.56 during trading hours on Wednesday. The stock had a trading volume of 18,226,469 shares, compared to its average volume of 26,161,736. The firm’s fifty day moving average price is $4.50 and its 200 day moving average price is $4.68. AMC Entertainment has a 12 month low of $2.38 and a 12 month high of $11.88. The stock has a market capitalization of $1.65 billion, a PE ratio of -2.83 and a beta of 1.83.

AMC Entertainment (NYSE:AMC) last posted its quarterly earnings results on Wednesday, November 6th. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.03. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the previous year, the business posted ($0.09) EPS. The company’s revenue for the quarter was down 4.1% on a year-over-year basis. Equities research analysts expect that AMC Entertainment will post -1.42 EPS for the current year.

Institutional Investors Weigh In On AMC Entertainment

A number of large investors have recently added to or reduced their stakes in AMC. KBC Group NV acquired a new position in shares of AMC Entertainment in the 3rd quarter valued at approximately $37,000. Creative Planning acquired a new position in AMC Entertainment during the third quarter valued at approximately $48,000. Skylands Capital LLC bought a new stake in AMC Entertainment during the second quarter worth $50,000. Amalgamated Bank boosted its holdings in shares of AMC Entertainment by 31.5% in the 3rd quarter. Amalgamated Bank now owns 11,568 shares of the company’s stock valued at $53,000 after purchasing an additional 2,771 shares in the last quarter. Finally, Burns Matteson Capital Management LLC bought a new position in shares of AMC Entertainment in the 3rd quarter valued at $55,000. 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.