AMC Entertainment (NYSE:AMC) Receives Hold Rating from Benchmark

Benchmark reissued their hold rating on shares of AMC Entertainment (NYSE:AMC) in a research report sent to investors on Monday, Benzinga reports.

Other equities research analysts have also issued reports about the company. Citigroup boosted their target price on AMC Entertainment from $3.10 to $3.20 and gave the stock a sell rating in a research report on Tuesday, May 14th. Wedbush restated a neutral rating and set a $4.00 price target on shares of AMC Entertainment in a research report on Monday. Finally, Macquarie raised their price objective on AMC Entertainment from $3.50 to $4.00 and gave the stock an underperform rating in a research note on Tuesday, July 9th. Five research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. According to MarketBeat, AMC Entertainment presently has a consensus rating of Reduce and a consensus target price of $5.37.

AMC Entertainment Stock Up 2.6 %

AMC traded up $0.13 during trading on Monday, hitting $5.08. 10,647,586 shares of the stock were exchanged, compared to its average volume of 34,109,395. The firm has a market capitalization of $1.50 billion, a P/E ratio of -3.90 and a beta of 1.84. AMC Entertainment has a 1-year low of $2.38 and a 1-year high of $54.60. The stock has a fifty day moving average price of $5.00 and a two-hundred day moving average price of $4.35.

AMC Entertainment (NYSE:AMC) last released its earnings results on Friday, August 2nd. The company reported ($0.43) EPS for the quarter, meeting the consensus estimate of ($0.43). The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.03 billion. The company’s quarterly revenue was down 23.1% compared to the same quarter last year. Analysts predict that AMC Entertainment will post -0.48 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. acquired a new position in AMC Entertainment during the fourth quarter valued at approximately $34,000. Mayflower Financial Advisors LLC acquired a new position in AMC Entertainment during the first quarter valued at approximately $37,000. Skylands Capital LLC acquired a new position in AMC Entertainment during the second quarter valued at approximately $50,000. Powell Investment Advisors LLC acquired a new position in AMC Entertainment during the first quarter valued at approximately $55,000. Finally, Tower Research Capital LLC TRC grew its stake in shares of AMC Entertainment by 817.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 9,945 shares of the company’s stock worth $61,000 after buying an additional 8,861 shares during the last quarter. 28.80% of the stock is currently owned by institutional investors and hedge funds.

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.