AMC Entertainment (NYSE:AMC) PT Lowered to $4.00

AMC Entertainment (NYSE:AMC) had its target price lowered by stock analysts at Wedbush from $6.00 to $4.00 in a report released on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Wedbush’s price target suggests a potential upside of 26.58% from the company’s previous close.

Separately, B. Riley reduced their price target on AMC Entertainment from $12.00 to $8.00 and set a “neutral” rating on the stock in a report on Thursday, February 29th. Four investment analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $5.95.

AMC Entertainment Trading Up 8.2 %

NYSE:AMC opened at $3.16 on Thursday. The stock has a market cap of $831.96 million, a P/E ratio of -1.34 and a beta of 1.62. The stock’s 50-day moving average is $3.99 and its 200-day moving average is $5.94. AMC Entertainment has a 1-year low of $2.38 and a 1-year high of $62.30.

AMC Entertainment (NYSE:AMC) last released its quarterly earnings results on Wednesday, February 28th. The company reported ($0.54) earnings per share for the quarter, topping the consensus estimate of ($0.70) by $0.16. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.06 billion. As a group, equities analysts forecast that AMC Entertainment will post -1.7 EPS for the current year.

Institutional Trading of AMC Entertainment

Several institutional investors have recently added to or reduced their stakes in the stock. Powell Investment Advisors LLC bought a new stake in AMC Entertainment in the first quarter valued at approximately $55,000. Quadrature Capital Ltd boosted its holdings in AMC Entertainment by 374.1% in the fourth quarter. Quadrature Capital Ltd now owns 818,077 shares of the company’s stock valued at $5,003,000 after acquiring an additional 645,541 shares during the last quarter. Vanguard Group Inc. boosted its holdings in AMC Entertainment by 48.3% in the fourth quarter. Vanguard Group Inc. now owns 20,187,662 shares of the company’s stock valued at $123,548,000 after acquiring an additional 6,577,228 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in AMC Entertainment by 74.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 306,568 shares of the company’s stock valued at $1,876,000 after acquiring an additional 131,204 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in AMC Entertainment in the fourth quarter valued at approximately $202,000. 28.80% of the stock is currently owned by institutional investors.

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.