AMC Entertainment (NYSE:AMC) Upgraded by Wedbush to "Outperform" Rating

AMC Entertainment (NYSE:AMC - Get Free Report) was upgraded by Wedbush from a "neutral" rating to an "outperform" rating in a research report issued to clients and investors on Friday, Marketbeat reports. The firm presently has a $4.00 price objective on the stock, up from their prior price objective of $3.00. Wedbush's price target indicates a potential upside of 21.03% from the company's current price.

Several other brokerages also recently commented on AMC. B. Riley assumed coverage on shares of AMC Entertainment in a research report on Friday, May 16th. They set a "neutral" rating and a $3.00 price objective for the company. Roth Mkm reduced their price target on shares of AMC Entertainment from $3.25 to $3.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Finally, Citigroup restated a "sell" rating and issued a $2.60 price target (up from $2.30) on shares of AMC Entertainment in a research note on Thursday, May 29th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $4.26.

AMC Entertainment Stock Performance

Shares of AMC stock traded down $0.03 during trading on Friday, hitting $3.31. The company had a trading volume of 11,735,676 shares, compared to its average volume of 11,307,889. The firm has a market capitalization of $1.43 billion, a P/E ratio of -3.37 and a beta of 1.43. The stock's 50-day moving average price is $3.08 and its 200 day moving average price is $3.15. AMC Entertainment has a one year low of $2.45 and a one year high of $5.76.

AMC Entertainment (NYSE:AMC - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported ($0.58) EPS for the quarter, beating the consensus estimate of ($0.61) by $0.03. The firm had revenue of $862.50 million for the quarter, compared to analyst estimates of $983.23 million. During the same quarter in the prior year, the firm earned ($0.62) earnings per share. The firm's revenue for the quarter was down 9.3% on a year-over-year basis. On average, research analysts anticipate that AMC Entertainment will post -1.38 earnings per share for the current fiscal year.

Institutional Trading of AMC Entertainment

A number of institutional investors and hedge funds have recently bought and sold shares of AMC. Vanguard Group Inc. increased its holdings in AMC Entertainment by 16.2% in the first quarter. Vanguard Group Inc. now owns 42,815,896 shares of the company's stock valued at $122,882,000 after purchasing an additional 5,961,337 shares during the period. GMT Capital Corp acquired a new stake in AMC Entertainment in the first quarter valued at $5,212,000. Marshall Wace LLP increased its holdings in AMC Entertainment by 85.4% in the fourth quarter. Marshall Wace LLP now owns 2,801,788 shares of the company's stock valued at $11,151,000 after purchasing an additional 1,290,376 shares during the period. JPMorgan Chase & Co. increased its holdings in AMC Entertainment by 91.5% in the fourth quarter. JPMorgan Chase & Co. now owns 2,263,513 shares of the company's stock valued at $9,009,000 after purchasing an additional 1,081,464 shares during the period. Finally, Nuveen LLC acquired a new stake in AMC Entertainment in the first quarter valued at $2,736,000. 28.80% of the stock is currently owned by institutional investors and hedge funds.

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.