AMC Entertainment (NYSE:AMC) Price Target Raised to $4.00 at Wedbush

AMC Entertainment (NYSE:AMC) had its price objective boosted by Wedbush from $3.50 to $4.00 in a research note published on Tuesday morning, Benzinga reports. The brokerage currently has a neutral rating on the stock.

Other equities analysts also recently issued research reports about the stock. Citigroup upped their price objective on shares of AMC Entertainment from $3.10 to $3.20 and gave the company a sell rating in a research note on Tuesday, May 14th. Macquarie upped their target price on AMC Entertainment from $3.50 to $4.00 and gave the company an underperform rating in a research report on Tuesday, July 9th. Five analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. Based on data from MarketBeat.com, AMC Entertainment currently has a consensus rating of Reduce and an average price target of $5.37.

AMC Entertainment Trading Down 7.7 %

AMC stock traded down $0.39 during trading on Tuesday, hitting $4.69. 17,627,657 shares of the company’s stock were exchanged, compared to its average volume of 35,217,316. The business has a 50-day moving average price of $4.96 and a two-hundred day moving average price of $4.32. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of -3.74 and a beta of 1.84. AMC Entertainment has a 52-week low of $2.38 and a 52-week high of $54.80.

AMC Entertainment (NYSE:AMC) last issued its quarterly earnings data on Wednesday, May 8th. The company reported ($0.78) earnings per share for the quarter, missing the consensus estimate of ($0.62) by ($0.16). The firm had revenue of $951.40 million for the quarter, compared to analyst estimates of $951.40 million. On average, equities research analysts anticipate that AMC Entertainment will post -0.84 earnings per share for the current fiscal year.

Hedge Funds Weigh In On AMC Entertainment

Several institutional investors have recently added to or reduced their stakes in AMC. Tyche Wealth Partners LLC purchased a new position in shares of AMC Entertainment in the 2nd quarter valued at approximately $90,000. SG Americas Securities LLC lifted its holdings in shares of AMC Entertainment by 1,894.0% during the second quarter. SG Americas Securities LLC now owns 1,121,025 shares of the company’s stock worth $5,583,000 after purchasing an additional 1,064,805 shares during the period. Public Employees Retirement System of Ohio grew its position in AMC Entertainment by 14.0% in the 1st quarter. Public Employees Retirement System of Ohio now owns 95,472 shares of the company’s stock valued at $355,000 after buying an additional 11,760 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in AMC Entertainment by 24.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 65,620 shares of the company’s stock valued at $245,000 after buying an additional 12,975 shares during the period. Finally, Boulder Hill Capital Management LP purchased a new position in AMC Entertainment during the 1st quarter worth $2,842,000. Institutional investors and hedge funds own 28.80% of the company’s stock.

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.