Macquarie Has Lowered Expectations for AMC Entertainment (NYSE:AMC) Stock Price

AMC Entertainment (NYSE:AMC) had its target price decreased by analysts at Macquarie from $3.00 to $2.00 in a report released on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Macquarie’s price target would suggest a potential upside of 25.39% from the stock’s current price.

Several other research firms have also weighed in on AMC. Wall Street Zen lowered AMC Entertainment from a “hold” rating to a “strong sell” rating in a report on Saturday, November 8th. Citigroup reaffirmed a “sell” rating and set a $1.30 price target (down previously from $2.30) on shares of AMC Entertainment in a research report on Monday. Weiss Ratings reiterated a “sell (e+)” rating on shares of AMC Entertainment in a research report on Wednesday, October 8th. Finally, Zacks Research downgraded shares of AMC Entertainment from a “strong-buy” rating to a “hold” rating in a report on Friday, November 7th. One investment analyst has rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $2.76.

AMC Entertainment Stock Up 2.9%

AMC Entertainment stock traded up $0.05 during midday trading on Thursday, hitting $1.60. 34,195,115 shares of the stock were exchanged, compared to its average volume of 40,503,141. The stock has a market capitalization of $818.14 million, a PE ratio of -1.13 and a beta of 0.72. The company has a fifty day simple moving average of $2.00 and a two-hundred day simple moving average of $2.60. AMC Entertainment has a 52 week low of $1.44 and a 52 week high of $4.08.

AMC Entertainment (NYSE:AMC) last posted its earnings results on Wednesday, November 5th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.03). The business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the previous year, the business posted ($0.04) EPS. The business’s revenue for the quarter was down 3.6% on a year-over-year basis. As a group, equities research analysts anticipate that AMC Entertainment will post -1.38 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Jones Financial Companies Lllp boosted its holdings in shares of AMC Entertainment by 761.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 8,480 shares of the company’s stock worth $25,000 after buying an additional 7,496 shares during the period. Total Investment Management Inc. bought a new stake in shares of AMC Entertainment during the second quarter worth approximately $27,000. Gradient Capital Advisors LLC acquired a new position in shares of AMC Entertainment in the third quarter valued at approximately $29,000. Sovereign Financial Group Inc. bought a new position in shares of AMC Entertainment during the second quarter worth approximately $32,000. Finally, CFO4Life Group LLC acquired a new stake in AMC Entertainment during the 2nd quarter worth approximately $33,000. 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.