Wedbush Reiterates "Neutral" Rating for AMC Entertainment (NYSE:AMC)

Wedbush reaffirmed their neutral rating on shares of AMC Entertainment (NYSE:AMC - Free Report) in a research note issued to investors on Monday morning, Benzinga reports. They currently have a $4.00 price objective on the stock.

Separately, B. Riley cut their price objective on AMC Entertainment from $12.00 to $8.00 and set a neutral rating on the stock in a research note on Thursday, February 29th. Four research analysts have rated the stock with a sell rating and two have issued a hold rating to the company's stock. Based on data from MarketBeat, AMC Entertainment currently has an average rating of Reduce and a consensus target price of $5.95.

AMC Entertainment Trading Down 11.3 %

NYSE AMC traded down $0.39 during mid-day trading on Monday, reaching $3.03. 24,300,928 shares of the company's stock traded hands, compared to its average volume of 15,691,128. AMC Entertainment has a 1-year low of $2.38 and a 1-year high of $62.30. The company has a market cap of $796.42 million, a price-to-earnings ratio of -1.32 and a beta of 1.62. The company has a fifty day simple moving average of $3.83 and a 200-day simple moving average of $5.66.

AMC Entertainment (NYSE:AMC - Get Free Report) last posted its quarterly earnings results on Wednesday, February 28th. The company reported ($0.54) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.70) by $0.16. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.06 billion. Equities research analysts forecast that AMC Entertainment will post -1.61 earnings per share for the current fiscal year.

Hedge Funds Weigh In On AMC Entertainment

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in AMC Entertainment by 48.3% during the 4th quarter. Vanguard Group Inc. now owns 20,187,662 shares of the company's stock worth $123,548,000 after buying an additional 6,577,228 shares during the last quarter. Norges Bank bought a new stake in AMC Entertainment in the 4th quarter valued at about $12,605,000. Quadrature Capital Ltd boosted its stake in AMC Entertainment by 374.1% during the 4th quarter. Quadrature Capital Ltd now owns 818,077 shares of the company's stock valued at $5,003,000 after purchasing an additional 645,541 shares during the period. Qube Research & Technologies Ltd grew its position in AMC Entertainment by 935.5% in the 3rd quarter. Qube Research & Technologies Ltd now owns 814,308 shares of the company's stock worth $6,506,000 after purchasing an additional 735,666 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of AMC Entertainment in the third quarter valued at approximately $5,582,000. 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.