Macquarie Issues Pessimistic Forecast for AMC Entertainment (NYSE:AMC) Stock Price

AMC Entertainment (NYSE:AMC) had its target price reduced by Macquarie from $3.00 to $2.00 in a report issued on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Macquarie’s target price would suggest a potential upside of 25.39% from the company’s current price.

Other research analysts have also recently issued research reports about the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of AMC Entertainment in a report on Wednesday, October 8th. Wall Street Zen cut shares of AMC Entertainment from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 8th. Citigroup reaffirmed a “sell” rating and issued a $1.30 price target (down from $2.30) on shares of AMC Entertainment in a research note on Monday. Finally, Zacks Research cut AMC Entertainment from a “strong-buy” rating to a “hold” rating in a report on Friday, November 7th. One equities research analyst has rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $2.76.

AMC Entertainment Stock Performance

NYSE:AMC traded up $0.05 during trading hours on Thursday, reaching $1.60. The stock had a trading volume of 34,195,115 shares, compared to its average volume of 40,503,141. The stock has a market capitalization of $818.14 million, a PE ratio of -1.13 and a beta of 0.72. AMC Entertainment has a 52 week low of $1.44 and a 52 week high of $4.08. The company has a 50 day moving average price of $2.00 and a two-hundred day moving average price of $2.60.

AMC Entertainment (NYSE:AMC) last issued its quarterly earnings data on Wednesday, November 5th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.03). The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the previous year, the business posted ($0.04) EPS. AMC Entertainment’s revenue for the quarter was down 3.6% on a year-over-year basis. Equities research analysts predict that AMC Entertainment will post -1.38 EPS for the current year.

Hedge Funds Weigh In On AMC Entertainment

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Marshall Wace LLP lifted its position in shares of AMC Entertainment by 17,925.0% in the 2nd quarter. Marshall Wace LLP now owns 11,998,516 shares of the company’s stock worth $37,195,000 after acquiring an additional 11,931,950 shares during the period. Geode Capital Management LLC raised its stake in shares of AMC Entertainment by 10.6% in the second quarter. Geode Capital Management LLC now owns 10,253,501 shares of the company’s stock valued at $31,790,000 after purchasing an additional 982,532 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in AMC Entertainment in the second quarter worth $42,000. Rhumbline Advisers lifted its position in AMC Entertainment by 5.5% in the first quarter. Rhumbline Advisers now owns 539,188 shares of the company’s stock worth $1,547,000 after purchasing an additional 28,017 shares during the period. Finally, Foundations Investment Advisors LLC acquired a new stake in AMC Entertainment during the second quarter worth $127,000. Institutional investors own 28.80% of the company’s stock.

About AMC Entertainment

AMC Entertainment Holdings, Inc operates as a leading movie exhibition company, specializing in the presentation of theatrical motion pictures across a network of multiplex cinemas. The company’s core business activities encompass ticket sales, concession and refreshment services, and the licensing of premium viewing formats. AMC offers a variety of auditorium experiences, including IMAX®, Dolby Cinema™, and Cinemark’s RealD 3D systems, designed to enhance audience engagement through superior sound, visual clarity, and seating comfort.

Originally founded in 1920 with its first theatre in Kansas City, AMC has evolved into one of the largest theater chains in the world.