AMC Entertainment’s (AMC) “Hold” Rating Reaffirmed at Benchmark

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

Several other brokerages also recently issued reports on AMC. Morgan Stanley cut their price target on AMC Entertainment from $11.00 to $10.00 and set an “underweight” rating on the stock in a report on Monday, August 12th. Wedbush reiterated a “neutral” rating and issued a $4.00 target price on shares of AMC Entertainment in a research note on Monday, August 5th. Three equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. According to MarketBeat, AMC Entertainment has a consensus rating of “Hold” and a consensus target price of $5.44.

AMC Entertainment Price Performance

AMC Entertainment stock opened at $4.27 on Thursday. AMC Entertainment has a 12 month low of $2.38 and a 12 month high of $11.88. The company has a fifty day moving average price of $4.50 and a two-hundred day moving average price of $4.66. The company has a market cap of $1.54 billion, a PE ratio of -2.65 and a beta of 1.83.

AMC Entertainment (NYSE:AMC) last posted its quarterly earnings results on Wednesday, November 6th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.03. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.33 billion. The company’s quarterly revenue was down 4.1% on a year-over-year basis. During the same period last year, the firm posted ($0.09) earnings per share. Equities research analysts anticipate that AMC Entertainment will post -1.36 earnings per share for the current year.

Institutional Trading of AMC Entertainment

Several hedge funds have recently added to or reduced their stakes in the business. Susquehanna Fundamental Investments LLC bought a new position in shares of AMC Entertainment in the first quarter worth $1,270,000. Avantax Advisory Services Inc. lifted its holdings in AMC Entertainment by 56.3% in the first quarter. Avantax Advisory Services Inc. now owns 26,041 shares of the company’s stock worth $97,000 after purchasing an additional 9,378 shares during the period. HBK Sorce Advisory LLC grew its position in AMC Entertainment by 61.9% in the 1st quarter. HBK Sorce Advisory LLC now owns 44,459 shares of the company’s stock valued at $165,000 after buying an additional 17,000 shares in the last quarter. Vanguard Group Inc. increased its stake in AMC Entertainment by 22.9% during the 1st quarter. Vanguard Group Inc. now owns 24,804,669 shares of the company’s stock valued at $92,273,000 after buying an additional 4,617,007 shares during the period. Finally, Boulder Hill Capital Management LP bought a new stake in shares of AMC Entertainment during the 1st quarter worth about $2,842,000. 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.