AMC Entertainment (NYSE:AMC) Given “Neutral” Rating at Macquarie

AMC Entertainment (NYSE:AMC)‘s stock had its “neutral” rating reiterated by Macquarie in a research note issued to investors on Wednesday,Benzinga reports. They presently have a $4.00 target price on the stock. Macquarie’s target price suggests a potential upside of 22.51% from the company’s current price.

Other equities analysts have also issued research reports about the stock. StockNews.com raised shares of AMC Entertainment to a “sell” rating in a report on Saturday. Roth Capital set a $3.25 price target on AMC Entertainment in a research report on Tuesday, February 4th. Roth Mkm raised AMC Entertainment from a “sell” rating to a “neutral” rating and dropped their price target for the stock from $4.00 to $3.25 in a research note on Tuesday, February 4th. B. Riley reduced their price objective on AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. Finally, Benchmark restated a “hold” rating on shares of AMC Entertainment in a research report on Thursday, November 7th. Three equities research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $4.81.

AMC Entertainment Trading Down 0.2 %

Shares of NYSE AMC traded down $0.01 during midday trading on Wednesday, hitting $3.27. 10,873,717 shares of the company’s stock were exchanged, compared to its average volume of 10,920,169. The business’s fifty day moving average price is $3.60 and its two-hundred day moving average price is $4.26. The company has a market cap of $1.23 billion, a price-to-earnings ratio of -2.03 and a beta of 1.88. AMC Entertainment has a 12-month low of $2.38 and a 12-month high of $11.88.

Hedge Funds Weigh In On AMC Entertainment

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Creative Planning purchased a new stake in shares of AMC Entertainment during the third quarter worth about $48,000. Private Advisor Group LLC raised its position in AMC Entertainment by 27.5% during the 3rd quarter. Private Advisor Group LLC now owns 15,011 shares of the company’s stock valued at $68,000 after purchasing an additional 3,237 shares during the last quarter. Amalgamated Bank raised its position in AMC Entertainment by 31.5% during 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. Victory Capital Management Inc. lifted its holdings in AMC Entertainment by 20.1% in the 3rd quarter. Victory Capital Management Inc. now owns 45,711 shares of the company’s stock worth $208,000 after buying an additional 7,661 shares during the period. Finally, KBC Group NV bought a new stake in shares of AMC Entertainment in the 3rd quarter worth approximately $37,000. 28.80% of the stock is currently owned by institutional investors.

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.