Macquarie Boosts AMC Entertainment (NYSE:AMC) Price Target to $4.00

AMC Entertainment (NYSE:AMC) had its price target upped by Macquarie from $3.50 to $4.00 in a research note published on Tuesday, Benzinga reports. They currently have an underperform rating on the stock.

A number of other brokerages also recently commented on AMC. Citigroup upped their price objective on shares of AMC Entertainment from $3.10 to $3.20 and gave the stock a sell rating in a research report on Tuesday, May 14th. Wedbush cut their price target on shares of AMC Entertainment from $4.00 to $3.50 and set a neutral rating for the company in a report on Thursday, May 9th. Five investment analysts have rated the stock with a sell rating and two have given a hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of Reduce and an average target price of $5.28.

AMC Entertainment Stock Up 0.3 %

NYSE AMC opened at $5.23 on Tuesday. The firm has a market cap of $1.54 billion, a P/E ratio of -4.11 and a beta of 1.84. AMC Entertainment has a 52-week low of $2.38 and a 52-week high of $62.30. The business’s 50-day moving average price is $4.74 and its 200 day moving average price is $4.38.

AMC Entertainment (NYSE:AMC) last announced its earnings results 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 business had revenue of $951.40 million during the quarter, compared to the consensus estimate of $951.40 million. As a group, analysts anticipate that AMC Entertainment will post -0.84 earnings per share for the current year.

Institutional Investors Weigh In On AMC Entertainment

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio raised its holdings in AMC Entertainment by 14.0% during the first quarter. Public Employees Retirement System of Ohio now owns 95,472 shares of the company’s stock worth $355,000 after purchasing an additional 11,760 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of AMC Entertainment by 24.6% in the first 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 in the last quarter. Boulder Hill Capital Management LP acquired a new position in shares of AMC Entertainment during the 1st quarter worth $2,842,000. Vanguard Group Inc. raised its position in AMC Entertainment by 22.9% during the first quarter. Vanguard Group Inc. now owns 24,804,669 shares of the company’s stock worth $92,273,000 after acquiring an additional 4,617,007 shares during the last quarter. Finally, HBK Sorce Advisory LLC lifted its holdings in shares of AMC Entertainment by 61.9% in the first quarter. HBK Sorce Advisory LLC now owns 44,459 shares of the company’s stock valued at $165,000 after purchasing an additional 17,000 shares in the last quarter. 28.80% of the stock is currently owned by institutional investors and hedge funds.

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.