Roth Mkm Issues Pessimistic Forecast for AMC Entertainment (NYSE:AMC) Stock Price

Key Points

• Roth MKM cut its price target on AMC to $1.50 from $2.00 and kept a "neutral" rating, a target the report says implies roughly a 26.58% upside from the current share price.
• Analyst sentiment is broadly negative with a MarketBeat consensus of "Reduce" (consensus price target $2.36) based on 1 Buy, 5 Hold and 2 Sell ratings.
• AMC is trading around $1.19 with a market cap of about $609M, reported quarterly EPS of -$0.24 and $1.29B in revenue, and technicals showing a 50-day MA of $1.49 and 200-day MA of $2.25.

AMC Entertainment (NYSE:AMC - Get Free Report) had its price objective cut by stock analysts at Roth Mkm from $2.00 to $1.50 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. Roth Mkm's target price would indicate a potential upside of 26.58% from the stock's current price.

Other equities analysts have also recently issued reports about the stock. Citigroup reaffirmed a "sell" rating and set a $1.30 price target (down from $2.30) on shares of AMC Entertainment in a research note on Monday, January 12th. Wall Street Zen downgraded shares of AMC Entertainment from a "hold" rating to a "strong sell" rating in a research report on Saturday, November 8th. Macquarie Infrastructure lowered their price target on shares of AMC Entertainment from $3.00 to $2.00 and set a "neutral" rating on the stock in a research note on Thursday, January 15th. Weiss Ratings reissued a "sell (e+)" rating on shares of AMC Entertainment in a research report on Wednesday, January 21st. Finally, Zacks Research cut AMC Entertainment from a "strong-buy" rating to a "hold" rating in a report on Friday, November 7th. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Reduce" and a consensus price target of $2.36.

AMC Entertainment Price Performance

AMC stock traded up $0.02 during trading hours on Wednesday, reaching $1.19. 4,503,272 shares of the stock were exchanged, compared to its average volume of 41,604,438. The firm's 50-day moving average is $1.49 and its 200-day moving average is $2.25. AMC Entertainment has a 12 month low of $1.15 and a 12 month high of $4.08. The company has a market cap of $608.96 million, a price-to-earnings ratio of -0.90 and a beta of 1.77.

AMC Entertainment (NYSE:AMC - Get Free Report) last posted its quarterly earnings data on Saturday, January 31st. The company reported ($0.24) earnings per share for the quarter. The firm had revenue of $1.29 billion during the quarter. As a group, equities research analysts forecast that AMC Entertainment will post -1.38 earnings per share for the current year.

Institutional Trading of AMC Entertainment

Hedge funds have recently made changes to their positions in the business. UBS Group AG increased its holdings in shares of AMC Entertainment by 4,537.9% during the 3rd quarter. UBS Group AG now owns 23,194,957 shares of the company's stock worth $67,265,000 after acquiring an additional 22,694,842 shares during the last quarter. Marshall Wace LLP lifted its holdings in AMC Entertainment by 17,925.0% during the 2nd quarter. Marshall Wace LLP now owns 11,998,516 shares of the company's stock valued at $37,195,000 after purchasing an additional 11,931,950 shares during the last quarter. Vanguard Group Inc. boosted its position in AMC Entertainment by 13.1% during the third quarter. Vanguard Group Inc. now owns 50,119,260 shares of the company's stock worth $145,346,000 after purchasing an additional 5,793,996 shares during the period. Jump Financial LLC acquired a new position in shares of AMC Entertainment in the third quarter valued at $4,827,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of AMC Entertainment by 87.6% in the fourth quarter. JPMorgan Chase & Co. now owns 3,120,561 shares of the company's stock valued at $4,868,000 after purchasing an additional 1,457,493 shares during the last quarter. 28.80% of the stock is owned by institutional investors and hedge funds.

About AMC Entertainment

AMC Entertainment Holdings, Inc operates as a leading movie exhibition company, specializing in the presentation of theatrical motion pictures across a network of multiplex cinemas. The company's core business activities encompass ticket sales, concession and refreshment services, and the licensing of premium viewing formats. AMC offers a variety of auditorium experiences, including IMAX®, Dolby Cinema™, and Cinemark's RealD 3D systems, designed to enhance audience engagement through superior sound, visual clarity, and seating comfort.

Originally founded in 1920 with its first theatre in Kansas City, AMC has evolved into one of the largest theater chains in the world.

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