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B. Riley initiated coverage on shares of AMC Entertainment (NYSE:AMC – Free Report) in a report released on Friday morning. The firm issued a neutral rating and a $3.00 price objective on the stock.
Several other analysts also recently weighed in on the stock. StockNews.com raised shares of AMC Entertainment to a “sell” rating in a report on Saturday, February 22nd. Macquarie reaffirmed a “neutral” rating and issued a $4.00 price target on shares of AMC Entertainment in a report on Wednesday, February 26th. Citigroup reissued a “sell” rating and set a $2.30 price objective (down previously from $2.80) on shares of AMC Entertainment in a research note on Thursday, April 24th. Roth Mkm reduced their price objective on shares of AMC Entertainment from $3.25 to $3.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 16th. Finally, Benchmark reissued a “hold” rating on shares of AMC Entertainment in a research note on Monday, March 3rd. Three research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $4.22.
View Our Latest Analysis on AMC Entertainment
AMC Entertainment Trading Up 4.8%
Shares of AMC opened at $2.95 on Friday. AMC Entertainment has a twelve month low of $2.45 and a twelve month high of $5.96. The firm’s fifty day simple moving average is $2.82 and its 200-day simple moving average is $3.52. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of -1.83 and a beta of 1.41.
AMC Entertainment (NYSE:AMC – Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported ($0.58) EPS for the quarter, beating analysts’ consensus estimates of ($0.61) by $0.03. The business had revenue of $862.50 million during the quarter, compared to analyst estimates of $983.23 million. The company’s revenue for the quarter was down 9.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.62) earnings per share. On average, analysts predict that AMC Entertainment will post -1.38 earnings per share for the current fiscal year.
Institutional Investors Weigh In On AMC Entertainment
A number of large investors have recently added to or reduced their stakes in the company. Tidal Investments LLC grew its holdings in AMC Entertainment by 15.7% during the 4th quarter. Tidal Investments LLC now owns 28,581 shares of the company’s stock valued at $114,000 after purchasing an additional 3,885 shares in the last quarter. Mackenzie Financial Corp lifted its position in AMC Entertainment by 24.3% in the 1st quarter. Mackenzie Financial Corp now owns 22,517 shares of the company’s stock valued at $65,000 after purchasing an additional 4,400 shares during the last quarter. Avantax Advisory Services Inc. lifted its position in AMC Entertainment by 5.5% in the 1st quarter. Avantax Advisory Services Inc. now owns 87,655 shares of the company’s stock valued at $252,000 after purchasing an additional 4,551 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of AMC Entertainment by 10.1% during the 1st quarter. Victory Capital Management Inc. now owns 51,805 shares of the company’s stock worth $149,000 after buying an additional 4,756 shares in the last quarter. Finally, Xponance Inc. raised its position in shares of AMC Entertainment by 21.8% during the 1st quarter. Xponance Inc. now owns 30,383 shares of the company’s stock worth $87,000 after buying an additional 5,446 shares in the last quarter. 28.80% of the stock is owned by institutional investors and hedge funds.
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.
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