AMC Entertainment (NYSE:AMC) Given Hold Rating at Benchmark

Benchmark reaffirmed their hold rating on shares of AMC Entertainment (NYSE:AMC) in a report issued on Monday morning, Benzinga reports.

Several other analysts have also commented on the stock. Wedbush reissued a neutral rating and set a $4.00 target price on shares of AMC Entertainment in a research note on Monday. Macquarie increased their target price on shares of AMC Entertainment from $3.50 to $4.00 and gave the company an underperform rating in a research note on Tuesday, July 9th. Finally, Citigroup upped their price target on shares of AMC Entertainment from $3.10 to $3.20 and gave the company a sell rating in a research report on Tuesday, May 14th. Five analysts have rated the stock with a sell rating and three have issued a hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of Reduce and an average price target of $5.37.

AMC Entertainment Price Performance

AMC stock opened at $5.09 on Monday. AMC Entertainment has a 12 month low of $2.38 and a 12 month high of $52.80. The firm has a market cap of $1.50 billion, a PE ratio of -4.00 and a beta of 1.84. The firm has a 50 day simple moving average of $5.01 and a 200 day simple moving average of $4.36.

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

Institutional Investors Weigh In On AMC Entertainment

Several hedge funds have recently made changes to their positions in AMC. Russell Investments Group Ltd. acquired a new position in AMC Entertainment in the 4th quarter valued at approximately $34,000. Tower Research Capital LLC TRC increased its stake in AMC Entertainment by 817.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 9,945 shares of the company’s stock valued at $61,000 after buying an additional 8,861 shares during the period. Skylands Capital LLC acquired a new position in AMC Entertainment in the 2nd quarter valued at approximately $50,000. Mayflower Financial Advisors LLC acquired a new position in AMC Entertainment in the 1st quarter valued at approximately $37,000. Finally, Eudaimonia Partners LLC acquired a new position in AMC Entertainment in the 4th quarter valued at approximately $71,000. Hedge funds and other 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.