AMC Entertainment’s (AMC) Underperform Rating Reaffirmed at Wedbush

Wedbush reaffirmed their underperform rating on shares of AMC Entertainment (NYSE:AMCGet Rating) in a research note published on Tuesday, MarketBeat Ratings reports. Wedbush currently has a $4.00 price target on the stock. Wedbush also issued estimates for AMC Entertainment’s Q2 2022 earnings at ($0.36) EPS, Q3 2022 earnings at ($0.33) EPS, Q4 2022 earnings at ($0.23) EPS, FY2022 earnings at ($1.45) EPS, Q1 2023 earnings at ($0.08) EPS, Q2 2023 earnings at ($0.03) EPS, Q3 2023 earnings at ($0.11) EPS, Q4 2023 earnings at ($0.08) EPS, FY2023 earnings at ($0.30) EPS and FY2024 earnings at ($0.27) EPS.

A number of other equities research analysts also recently weighed in on AMC. B. Riley lowered their price target on AMC Entertainment from $16.00 to $11.00 and set a neutral rating on the stock in a research report on Tuesday, June 21st. Citigroup reduced their price objective on AMC Entertainment from $6.00 to $5.00 and set a sell rating on the stock in a research note on Thursday, July 7th. StockNews.com raised AMC Entertainment to a sell rating in a research note on Wednesday, July 20th. Finally, The Goldman Sachs Group reduced their price objective on AMC Entertainment to $34.00 and set a neutral rating on the stock in a research note on Friday, July 29th. Four research analysts have rated the stock with a sell rating and two have issued a hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of Reduce and a consensus price target of $13.50.

AMC Entertainment Stock Up 18.9 %

NYSE AMC opened at $22.18 on Tuesday. The stock’s 50-day simple moving average is $14.26 and its two-hundred day simple moving average is $15.90. AMC Entertainment has a twelve month low of $9.70 and a twelve month high of $52.79. The company has a market capitalization of $11.46 billion, a price-to-earnings ratio of -10.77 and a beta of 1.64.

AMC Entertainment (NYSE:AMCGet Rating) last released its quarterly earnings results on Thursday, August 4th. The company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.03). The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same quarter last year, the firm earned ($0.71) EPS. The firm’s quarterly revenue was up 162.3% on a year-over-year basis. On average, equities analysts expect that AMC Entertainment will post -1.13 earnings per share for the current fiscal year.

Institutional Trading of AMC Entertainment

Hedge funds have recently bought and sold shares of the stock. Covestor Ltd raised its position in AMC Entertainment by 417.6% in the 1st quarter. Covestor Ltd now owns 1,061 shares of the company’s stock worth $26,000 after purchasing an additional 856 shares during the period. Quadrant Capital Group LLC raised its position in AMC Entertainment by 150.2% in the 4th quarter. Quadrant Capital Group LLC now owns 1,021 shares of the company’s stock worth $28,000 after purchasing an additional 613 shares during the period. Allworth Financial LP raised its position in AMC Entertainment by 46.6% in the 2nd quarter. Allworth Financial LP now owns 2,224 shares of the company’s stock worth $30,000 after purchasing an additional 707 shares during the period. San Luis Wealth Advisors LLC purchased a new stake in AMC Entertainment in the 1st quarter worth about $31,000. Finally, Point72 Hong Kong Ltd raised its position in AMC Entertainment by 862.0% in the 4th quarter. Point72 Hong Kong Ltd now owns 1,164 shares of the company’s stock worth $32,000 after purchasing an additional 1,043 shares during the period. Hedge funds and other institutional investors own 34.20% of the company’s stock.

AMC Entertainment Company Profile

(Get Rating)

AMC Entertainment Holdings, Inc, through its subsidiaries, engages in the theatrical exhibition business. The company owns, operates, or has interests in theatres in the United States and Europe. As of March 1, 2022, it operated approximately 950 theatres and 10,600 screens. The company was founded in 1920 and is headquartered in Leawood, Kansas.

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Analyst Recommendations for AMC Entertainment (NYSE:AMC)

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