AMC Entertainment (NYSE:AMC) Rating Reiterated by Loop Capital


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Loop Capital reiterated their sell rating on shares of AMC Entertainment (NYSE:AMC) in a research report sent to investors on Wednesday morning, TipRanks reports. The firm currently has a $1.00 price target on the stock.

Other analysts also recently issued reports about the stock. B. Riley upgraded shares of AMC Entertainment from a neutral rating to a buy rating and raised their target price for the stock from $7.00 to $13.00 in a report on Monday. Zacks Investment Research cut shares of AMC Entertainment from a buy rating to a hold rating in a research note on Tuesday, March 30th. Wedbush raised their price target on shares of AMC Entertainment from $2.50 to $5.00 and gave the stock a neutral rating in a research note on Tuesday, March 9th. UBS Group initiated coverage on shares of AMC Entertainment in a research note on Wednesday, March 10th. They set a sell rating for the company. Finally, MKM Partners cut shares of AMC Entertainment from a neutral rating to a sell rating and set a $1.00 target price for the company. in a research note on Monday, February 1st. Five equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. AMC Entertainment has a consensus rating of Hold and an average target price of $5.00.

AMC Entertainment stock traded down $0.15 during trading hours on Wednesday, reaching $9.70. 448,521 shares of the company’s stock traded hands, compared to its average volume of 169,334,250. The firm has a market capitalization of $4.37 billion, a price-to-earnings ratio of -0.28 and a beta of 2.48. The firm’s 50 day moving average is $9.62 and its 200-day moving average is $5.41. AMC Entertainment has a fifty-two week low of $1.91 and a fifty-two week high of $20.36.

AMC Entertainment (NYSE:AMC) last announced its quarterly earnings results on Tuesday, March 9th. The company reported ($3.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($2.80) by ($0.35). The company had revenue of $162.50 million for the quarter, compared to analyst estimates of $141.31 million. AMC Entertainment’s revenue for the quarter was down 88.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.35 EPS. On average, analysts forecast that AMC Entertainment will post -16.59 EPS for the current fiscal year.

In other AMC Entertainment news, SVP Daniel E. Ellis sold 20,000 shares of the firm’s stock in a transaction on Monday, March 29th. The stock was sold at an average price of $10.26, for a total transaction of $205,200.00. Following the completion of the sale, the senior vice president now owns 91,294 shares of the company’s stock, valued at approximately $936,676.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lake Group L.L.C. Silver sold 33,317,145 shares of the firm’s stock in a transaction on Wednesday, January 27th. The shares were sold at an average price of $16.05, for a total value of $534,740,177.25. The disclosure for this sale can be found here. Insiders have sold a total of 33,473,324 shares of company stock valued at $536,584,964 in the last ninety days. Insiders own 1.60% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. RVW Wealth LLC lifted its holdings in shares of AMC Entertainment by 9.5% during the first quarter. RVW Wealth LLC now owns 32,488 shares of the company’s stock worth $1,000,000 after buying an additional 2,832 shares in the last quarter. Point72 Hong Kong Ltd lifted its holdings in shares of AMC Entertainment by 17.6% during the third quarter. Point72 Hong Kong Ltd now owns 21,758 shares of the company’s stock worth $102,000 after buying an additional 3,259 shares in the last quarter. Sigma Planning Corp lifted its holdings in shares of AMC Entertainment by 21.9% during the fourth quarter. Sigma Planning Corp now owns 22,698 shares of the company’s stock worth $48,000 after buying an additional 4,075 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of AMC Entertainment by 35.7% during the fourth quarter. Public Employees Retirement System of Ohio now owns 22,642 shares of the company’s stock worth $48,000 after buying an additional 5,954 shares in the last quarter. Finally, California Public Employees Retirement System lifted its holdings in shares of AMC Entertainment by 5.1% during the third quarter. California Public Employees Retirement System now owns 124,708 shares of the company’s stock worth $587,000 after buying an additional 6,029 shares in the last quarter. 16.61% of the stock is owned by institutional investors and hedge funds.

About AMC Entertainment

AMC Entertainment Holdings, Inc, through its subsidiaries, involved in the theatrical exhibition business. The company owns, operates, or has interests in theatres. As of March 17, 2020, it operated approximately 1,000 theatres and 11,000 screens in the United States and internationally. The company was founded in 1920 and is headquartered in Leawood, Kansas.

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Analyst Recommendations for AMC Entertainment (NYSE:AMC)

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