AMC Entertainment (NYSE:AMC) Receives Hold Rating from Benchmark

Benchmark reiterated their hold rating on shares of AMC Entertainment (NYSE:AMC) in a report released on Thursday morning,Benzinga reports.

Several other equities analysts also recently commented on the stock. Morgan Stanley lowered their target price on shares of AMC Entertainment from $11.00 to $10.00 and set an “underweight” rating on the stock in a report on Monday, August 12th. Wedbush reissued a “neutral” rating and set a $4.00 price objective on shares of AMC Entertainment in a report on Monday, August 5th. Three equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $5.44.

AMC Entertainment Stock Performance

Shares of AMC stock opened at $4.27 on Thursday. The stock has a fifty day simple moving average of $4.50 and a two-hundred day simple moving average of $4.67. The firm has a market capitalization of $1.54 billion, a PE ratio of -2.65 and a beta of 1.83. AMC Entertainment has a 52-week low of $2.38 and a 52-week high of $11.88.

AMC Entertainment (NYSE:AMC) last released its quarterly earnings data on Wednesday, November 6th. The company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates 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 was down 4.1% on a year-over-year basis. During the same period last year, the company earned ($0.09) EPS. On average, sell-side analysts forecast that AMC Entertainment will post -1.36 EPS for the current fiscal year.

Hedge Funds Weigh In On AMC Entertainment

Institutional investors have recently bought and sold shares of the business. Intech Investment Management LLC bought a new stake in shares of AMC Entertainment in the 3rd quarter worth about $299,000. KBC Group NV bought a new stake in AMC Entertainment during the third quarter worth approximately $37,000. Victory Capital Management Inc. raised its position in AMC Entertainment by 20.1% during the third quarter. Victory Capital Management Inc. now owns 45,711 shares of the company’s stock valued at $208,000 after purchasing an additional 7,661 shares during the period. Amalgamated Bank lifted its stake in shares of 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 purchasing an additional 2,771 shares during the last quarter. Finally, Private Advisor Group LLC boosted its holdings in shares of AMC Entertainment by 27.5% in the 3rd quarter. Private Advisor Group LLC now owns 15,011 shares of the company’s stock worth $68,000 after purchasing an additional 3,237 shares during the period. 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.