Macquarie Raises AMC Entertainment (NYSE:AMC) Price Target to $4.00

AMC Entertainment (NYSE:AMC) had its target price lifted by Macquarie from $3.50 to $4.00 in a research note released on Tuesday, Benzinga reports. They currently have an underperform rating on the stock.

A number of other equities analysts have also recently weighed in on AMC. Citigroup lifted their price target on AMC Entertainment from $3.10 to $3.20 and gave the stock a sell rating in a research note on Tuesday, May 14th. Wedbush dropped their price target on AMC Entertainment from $4.00 to $3.50 and set a neutral rating on the stock in a research note on Thursday, May 9th. Five equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of Reduce and a consensus price target of $5.28.

AMC Entertainment Trading Up 0.6 %

Shares of AMC Entertainment stock opened at $5.25 on Tuesday. The company’s 50-day moving average price is $4.78 and its two-hundred day moving average price is $4.38. AMC Entertainment has a 52 week low of $2.38 and a 52 week high of $62.30. The stock has a market cap of $1.55 billion, a PE ratio of -4.13 and a beta of 1.84.

AMC Entertainment (NYSE:AMC) last issued its quarterly earnings results on Wednesday, May 8th. The company reported ($0.78) EPS for the quarter, missing the consensus estimate of ($0.62) by ($0.16). The business had revenue of $951.40 million for the quarter, compared to analysts’ expectations of $951.40 million. On average, equities analysts predict that AMC Entertainment will post -0.84 EPS for the current fiscal year.

Hedge Funds Weigh In On AMC Entertainment

Several institutional investors and hedge funds have recently bought and sold shares of the business. Avantax Advisory Services Inc. grew its stake in AMC Entertainment by 43.7% during the 4th quarter. Avantax Advisory Services Inc. now owns 16,663 shares of the company’s stock valued at $102,000 after acquiring an additional 5,070 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in AMC Entertainment during the 4th quarter valued at about $34,000. HBK Sorce Advisory LLC grew its stake in AMC Entertainment by 31.2% during the 4th quarter. HBK Sorce Advisory LLC now owns 27,459 shares of the company’s stock valued at $168,000 after acquiring an additional 6,525 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of AMC Entertainment by 50.6% during the 1st quarter. Principal Financial Group Inc. now owns 20,091 shares of the company’s stock valued at $75,000 after buying an additional 6,748 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of AMC Entertainment by 817.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 9,945 shares of the company’s stock valued at $61,000 after buying an additional 8,861 shares during the last quarter. Hedge funds and other institutional investors own 28.80% of the company’s stock.

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.