Macquarie Reiterates “Underperform” Rating for AMC Entertainment (NYSE:AMC)

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

Other equities research analysts have also recently issued reports about the stock. Wedbush restated a “neutral” rating and set a $4.00 price objective on shares of AMC Entertainment in a research note on Monday, August 5th. B. Riley lowered their target price on AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. StockNews.com raised AMC Entertainment to a “sell” rating in a report on Tuesday. Morgan Stanley lowered their target price on AMC Entertainment from $11.00 to $10.00 and set an “underweight” rating on the stock in a report on Monday, August 12th. Finally, Benchmark reaffirmed a “hold” rating on shares of AMC Entertainment in a report on Thursday, November 7th. Four investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $5.44.

AMC Entertainment Stock Performance

AMC stock opened at $4.49 on Wednesday. AMC Entertainment has a 1 year low of $2.38 and a 1 year high of $11.88. The stock’s fifty day moving average is $4.49 and its two-hundred day moving average is $4.69. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of -2.78 and a beta of 1.83.

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, beating analysts’ consensus estimates of ($0.07) by $0.03. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the prior year, the firm earned ($0.09) earnings per share. AMC Entertainment’s revenue for the quarter was down 4.1% compared to the same quarter last year. As a group, analysts predict that AMC Entertainment will post -1.42 EPS for the current fiscal year.

Hedge Funds Weigh In On AMC Entertainment

A number of institutional investors have recently bought and sold shares of AMC. KBC Group NV purchased a new position in AMC Entertainment during the 3rd quarter valued at about $37,000. Creative Planning purchased a new position in AMC Entertainment during the 3rd quarter valued at about $48,000. Skylands Capital LLC purchased a new position in AMC Entertainment during the 2nd quarter valued at about $50,000. Amalgamated Bank grew its stake in AMC Entertainment by 31.5% during the 3rd quarter. Amalgamated Bank now owns 11,568 shares of the company’s stock valued at $53,000 after acquiring an additional 2,771 shares in the last quarter. Finally, Burns Matteson Capital Management LLC purchased a new position in AMC Entertainment during the 3rd quarter valued at about $55,000. Hedge funds and other institutional investors own 28.80% of the company’s stock.

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.