AMC Entertainment’s (AMC) Hold Rating Reiterated at Benchmark

Benchmark reissued their hold rating on shares of AMC Entertainment (NYSE:AMC) in a research note issued to investors on Thursday,Benzinga reports.

Several other brokerages also recently issued reports on AMC. Morgan Stanley lowered their price target on AMC Entertainment from $11.00 to $10.00 and set an “underweight” rating for the company in a report on Monday, August 12th. Wedbush reissued a “neutral” rating and set a $4.00 price target on shares of AMC Entertainment in a research report on Monday, August 5th. Three analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. According to data from MarketBeat.com, AMC Entertainment has an average rating of “Hold” and a consensus price target 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 market cap of $1.54 billion, a price-to-earnings ratio of -2.65 and a beta of 1.83. The stock’s 50-day moving average is $4.50 and its 200-day moving average is $4.66.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of AMC. SG Americas Securities LLC increased its holdings in AMC Entertainment by 1,894.0% during the 2nd quarter. SG Americas Securities LLC now owns 1,121,025 shares of the company’s stock worth $5,583,000 after purchasing an additional 1,064,805 shares during the last quarter. Scientech Research LLC bought a new stake in shares of AMC Entertainment in the second quarter worth $1,167,000. Bank of New York Mellon Corp increased its stake in shares of AMC Entertainment by 92.5% in the second quarter. Bank of New York Mellon Corp now owns 1,086,600 shares of the company’s stock worth $5,411,000 after buying an additional 522,063 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in 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 acquiring an additional 12,975 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new position in AMC Entertainment during the 1st quarter valued at $1,270,000. 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.