Macquarie Cuts AMC Entertainment (NYSE:AMC) Price Target to $2.00

AMC Entertainment (NYSE:AMC) had its price target trimmed by Macquarie from $3.00 to $2.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Other equities analysts also recently issued research reports about the stock. Citigroup reissued a “sell” rating and issued a $1.30 target price (down previously from $2.30) on shares of AMC Entertainment in a report on Monday, January 12th. Weiss Ratings reiterated a “sell (e+)” rating on shares of AMC Entertainment in a research note on Wednesday, October 8th. Wall Street Zen lowered AMC Entertainment from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 8th. Finally, Zacks Research downgraded AMC Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 7th. One 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 data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $2.76.

AMC Entertainment Price Performance

Shares of AMC Entertainment stock opened at $1.60 on Thursday. The company has a market capitalization of $820.71 million, a price-to-earnings ratio of -1.13 and a beta of 0.72. The stock’s 50-day simple moving average is $1.96 and its 200-day simple moving average is $2.58. AMC Entertainment has a 52 week low of $1.44 and a 52 week high of $4.08.

AMC Entertainment (NYSE:AMC) last released its earnings results on Wednesday, November 5th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.03). The company had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same period in the prior year, the company earned ($0.04) EPS. The company’s quarterly revenue was down 3.6% compared to the same quarter last year. On average, equities analysts expect that AMC Entertainment will post -1.38 earnings per share for the current year.

Institutional Investors Weigh In On AMC Entertainment

Several large investors have recently added to or reduced their stakes in AMC. FNY Investment Advisers LLC purchased a new position in AMC Entertainment during the fourth quarter worth $273,000. Swiss Life Asset Management Ltd lifted its holdings in shares of AMC Entertainment by 59.5% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 17,512 shares of the company’s stock worth $51,000 after buying an additional 6,536 shares during the period. CIBC Bancorp USA Inc. purchased a new position in shares of AMC Entertainment during the third quarter valued at $135,000. XTX Topco Ltd grew its holdings in AMC Entertainment by 85.6% during the 3rd quarter. XTX Topco Ltd now owns 424,479 shares of the company’s stock worth $1,231,000 after acquiring an additional 195,720 shares in the last quarter. Finally, Voleon Capital Management LP purchased a new position in AMC Entertainment during the 3rd quarter valued at about $59,000. 28.80% of the stock is owned by institutional investors.

AMC Entertainment Company Profile

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.