AMC Entertainment (NYSE:AMC) Receives “Neutral” Rating from Wedbush

Wedbush reissued their neutral rating on shares of AMC Entertainment (NYSE:AMC) in a research report sent to investors on Monday, Benzinga reports. Wedbush currently has a $4.00 price target on the stock.

AMC has been the topic of a number of other research reports. Citigroup raised their price target on AMC Entertainment from $3.10 to $3.20 and gave the stock a sell rating in a research report on Tuesday, May 14th. Macquarie lifted 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 three have issued a hold rating to the stock. Based on data from MarketBeat.com, AMC Entertainment has an average rating of Reduce and an average target price of $5.37.

AMC Entertainment Trading Up 2.6 %

AMC Entertainment stock traded up $0.13 during mid-day trading on Monday, hitting $5.08. The stock had a trading volume of 10,647,586 shares, compared to its average volume of 34,109,395. AMC Entertainment has a 12 month low of $2.38 and a 12 month high of $54.60. The stock has a market capitalization of $1.50 billion, a PE ratio of -3.90 and a beta of 1.84. The stock has a 50-day simple moving average of $5.00 and a two-hundred day simple moving average of $4.35.

AMC Entertainment (NYSE:AMC) last released its quarterly earnings results on Friday, August 2nd. The company reported ($0.43) EPS for the quarter, hitting analysts’ consensus estimates of ($0.43). The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. The firm’s quarterly revenue was down 23.1% compared to the same quarter last year. Sell-side analysts expect that AMC Entertainment will post -0.48 earnings per share for the current fiscal year.

Institutional Trading of AMC Entertainment

Several institutional investors have recently added to or reduced their stakes in AMC. Arizona State Retirement System lifted its position in shares of AMC Entertainment by 35.4% during the 2nd quarter. Arizona State Retirement System now owns 73,797 shares of the company’s stock valued at $368,000 after acquiring an additional 19,284 shares during the period. Victory Capital Management Inc. raised its holdings in shares of AMC Entertainment by 10.3% during the 2nd quarter. Victory Capital Management Inc. now owns 38,050 shares of the company’s stock worth $189,000 after buying an additional 3,553 shares in the last quarter. Wolverine Asset Management LLC raised its holdings in shares of AMC Entertainment by 17.0% during the 2nd quarter. Wolverine Asset Management LLC now owns 45,066 shares of the company’s stock worth $224,000 after buying an additional 6,555 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of AMC Entertainment by 150.3% during the 2nd quarter. Rhumbline Advisers now owns 437,501 shares of the company’s stock worth $2,179,000 after buying an additional 262,701 shares in the last quarter. Finally, Waldron Private Wealth LLC increased its holdings in AMC Entertainment by 47.0% in the 2nd quarter. Waldron Private Wealth LLC now owns 17,071 shares of the company’s stock worth $85,000 after purchasing an additional 5,459 shares in the last quarter. 28.80% of the stock is currently owned by institutional investors.

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.