AMC Entertainment’s (AMC) “Neutral” Rating Reiterated at Macquarie

Macquarie reissued their neutral rating on shares of AMC Entertainment (NYSE:AMC) in a report published on Wednesday,Benzinga reports. The firm currently has a $4.00 target price on the stock.

Other analysts also recently issued research reports about the stock. StockNews.com raised shares of AMC Entertainment to a “sell” rating in a research report on Saturday, February 22nd. B. Riley lowered their price target on shares of AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. Benchmark reiterated a “hold” rating on shares of AMC Entertainment in a report on Thursday, November 7th. Roth Mkm upgraded AMC Entertainment from a “sell” rating to a “neutral” rating and lowered their target price for the company from $4.00 to $3.25 in a research note on Tuesday, February 4th. Finally, Roth Capital set a $3.25 target price on AMC Entertainment in a research report on Tuesday, February 4th. Three research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $4.81.

AMC Entertainment Price Performance

Shares of NYSE AMC opened at $3.27 on Wednesday. AMC Entertainment has a 1-year low of $2.38 and a 1-year high of $11.88. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of -2.03 and a beta of 1.88. The business has a 50-day moving average of $3.60 and a 200-day moving average of $4.26.

Hedge Funds Weigh In On AMC Entertainment

Large investors have recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in AMC Entertainment by 46.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 545,441 shares of the company’s stock valued at $2,171,000 after buying an additional 173,849 shares in the last quarter. Two Sigma Advisers LP increased its holdings in shares of AMC Entertainment by 13.7% in the 4th quarter. Two Sigma Advisers LP now owns 81,568 shares of the company’s stock valued at $325,000 after acquiring an additional 9,847 shares during the last quarter. Tidal Investments LLC raised its position in shares of AMC Entertainment by 15.7% during the 4th quarter. Tidal Investments LLC now owns 28,581 shares of the company’s stock valued at $114,000 after acquiring an additional 3,885 shares in the last quarter. State of Wyoming lifted its stake in AMC Entertainment by 10.8% during the fourth quarter. State of Wyoming now owns 58,213 shares of the company’s stock worth $232,000 after purchasing an additional 5,661 shares during the last quarter. Finally, ProShare Advisors LLC increased its stake in AMC Entertainment by 53.6% during the fourth quarter. ProShare Advisors LLC now owns 98,259 shares of the company’s stock valued at $391,000 after purchasing an additional 34,294 shares during the last quarter. 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.