B. Riley Lowers AMC Entertainment (NYSE:AMC) Price Target to $6.00

AMC Entertainment (NYSE:AMC) had its target price decreased by research analysts at B. Riley from $8.00 to $6.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. B. Riley’s price objective suggests a potential upside of 41.51% from the company’s current price.

A number of other equities research analysts also recently weighed in on the stock. Benchmark restated a “hold” rating on shares of AMC Entertainment in a research note on Thursday. Morgan Stanley reduced their price target on shares of 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. Three investment analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $5.44.

AMC Entertainment Stock Performance

NYSE:AMC traded down $0.34 during mid-day trading on Thursday, reaching $4.24. 13,211,653 shares of the company’s stock were exchanged, compared to its average volume of 26,278,025. AMC Entertainment has a one year low of $2.38 and a one year high of $11.88. The firm has a market capitalization of $1.53 billion, a PE ratio of -2.88 and a beta of 1.83. The business’s fifty day simple moving average is $4.52 and its two-hundred day simple moving average is $4.65.

AMC Entertainment (NYSE:AMC) last announced its quarterly earnings data on Wednesday, November 6th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.03. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.33 billion. The company’s quarterly revenue was down 4.1% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.09) earnings per share. As a group, equities research analysts forecast that AMC Entertainment will post -1.36 EPS for the current year.

Institutional Investors Weigh In On AMC Entertainment

Several institutional investors have recently added to or reduced their stakes in the business. KBC Group NV purchased a new stake in AMC Entertainment during the third quarter valued at about $37,000. Victory Capital Management Inc. lifted its holdings in shares of AMC Entertainment by 20.1% in the third quarter. Victory Capital Management Inc. now owns 45,711 shares of the company’s stock worth $208,000 after buying an additional 7,661 shares in the last quarter. Amalgamated Bank lifted its holdings in shares of AMC Entertainment by 31.5% in the third quarter. Amalgamated Bank now owns 11,568 shares of the company’s stock worth $53,000 after buying an additional 2,771 shares in the last quarter. Private Advisor Group LLC lifted its holdings in shares of AMC Entertainment by 27.5% in the third quarter. Private Advisor Group LLC now owns 15,011 shares of the company’s stock worth $68,000 after buying an additional 3,237 shares in the last quarter. Finally, Waldron Private Wealth LLC lifted its holdings in shares of AMC Entertainment by 47.5% in the third quarter. Waldron Private Wealth LLC now owns 25,173 shares of the company’s stock worth $115,000 after buying an additional 8,102 shares in the last quarter. 28.80% of the stock is owned by hedge funds and other institutional investors.

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.