Macquarie Reaffirms Underperform Rating for AMC Entertainment (NYSE:AMC)

Macquarie reiterated their underperform rating on shares of AMC Entertainment (NYSE:AMC) in a report published on Wednesday morning,Benzinga reports. Macquarie currently has a $4.00 target price on the stock.

Other equities analysts have also issued reports about the company. Benchmark reaffirmed a “hold” rating on shares of AMC Entertainment in a research note on Thursday, November 7th. Wedbush reaffirmed a “neutral” rating and issued a $4.00 price objective on shares of AMC Entertainment in a research note on Monday, August 5th. StockNews.com raised shares of AMC Entertainment to a “sell” rating in a research note on Tuesday, November 12th. Morgan Stanley cut 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 report on Monday, August 12th. Finally, B. Riley lowered their price objective on AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. Four research 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 company has a consensus rating of “Reduce” and a consensus target price of $5.44.

AMC Entertainment Price Performance

NYSE:AMC opened at $4.48 on Wednesday. AMC Entertainment has a one year low of $2.38 and a one year high of $11.88. The company has a market cap of $1.68 billion, a PE ratio of -2.78 and a beta of 1.83. The firm’s 50 day simple moving average is $4.48 and its 200 day simple moving average is $4.70.

AMC Entertainment (NYSE:AMC) last issued its quarterly earnings data on Wednesday, November 6th. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.03. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.33 billion. The business’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.09) EPS. Equities research analysts expect that AMC Entertainment will post -1.42 EPS for the current year.

Institutional Investors Weigh In On AMC Entertainment

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Amalgamated Bank increased its position in AMC Entertainment by 31.5% in the 3rd quarter. Amalgamated Bank now owns 11,568 shares of the company’s stock valued at $53,000 after buying an additional 2,771 shares in the last quarter. Private Advisor Group LLC increased its holdings in shares of AMC Entertainment by 27.5% during the third quarter. Private Advisor Group LLC now owns 15,011 shares of the company’s stock valued at $68,000 after acquiring an additional 3,237 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of AMC Entertainment by 10.3% during the second quarter. Victory Capital Management Inc. now owns 38,050 shares of the company’s stock worth $189,000 after purchasing an additional 3,553 shares during the period. Waldron Private Wealth LLC lifted its holdings in shares of AMC Entertainment by 47.0% in the 2nd quarter. Waldron Private Wealth LLC now owns 17,071 shares of the company’s stock worth $85,000 after purchasing an additional 5,459 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in AMC Entertainment by 14.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,228 shares of the company’s stock valued at $230,000 after purchasing an additional 5,902 shares during the period. 28.80% of the stock is owned by 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.