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

AMC Entertainment (NYSE:AMC)‘s stock had its “neutral” rating reaffirmed by equities research analysts at Wedbush in a research note issued on Monday, Benzinga reports. They presently have a $4.00 target price on the stock. Wedbush’s price target suggests a potential upside of 36.52% from the company’s current price.

Separately, B. Riley reduced their price objective on AMC Entertainment from $12.00 to $8.00 and set a “neutral” rating for the company in a report on Thursday, February 29th. Four investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. According to data from MarketBeat, AMC Entertainment has a consensus rating of “Reduce” and an average price target of $5.95.

AMC Entertainment Stock Performance

Shares of AMC stock opened at $2.93 on Monday. The stock has a fifty day moving average price of $3.76 and a 200 day moving average price of $5.56. The stock has a market cap of $771.41 million, a PE ratio of -1.25 and a beta of 1.62. AMC Entertainment has a 1 year low of $2.38 and a 1 year high of $62.30.

AMC Entertainment (NYSE:AMC) last issued its quarterly earnings data on Wednesday, February 28th. The company reported ($0.54) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.70) by $0.16. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.06 billion. As a group, equities research analysts predict that AMC Entertainment will post -1.61 earnings per share for the current year.

Hedge Funds Weigh In On AMC Entertainment

A number of institutional investors have recently made changes to their positions in AMC. Russell Investments Group Ltd. acquired a new position in shares of AMC Entertainment in the fourth quarter worth $34,000. Mayflower Financial Advisors LLC acquired a new position in shares of AMC Entertainment in the first quarter worth $37,000. Powell Investment Advisors LLC acquired a new position in shares of AMC Entertainment in the first quarter worth $55,000. Tower Research Capital LLC TRC raised its holdings in shares of AMC Entertainment by 817.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 9,945 shares of the company’s stock worth $61,000 after acquiring an additional 8,861 shares during the last quarter. Finally, Eudaimonia Partners LLC acquired a new position in shares of AMC Entertainment in the fourth quarter worth $71,000. 28.80% of the stock is owned by institutional investors and hedge funds.

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.