AMC Entertainment's (AMC) Hold Rating Reaffirmed at Benchmark

AMC Entertainment (NYSE:AMC - Get Free Report)'s stock had its "hold" rating restated by analysts at Benchmark in a research report issued on Thursday,Benzinga reports.

Several other brokerages have also issued reports on AMC. Morgan Stanley dropped their price target on AMC Entertainment from $11.00 to $10.00 and set an "underweight" rating on the stock in a research note on Monday, August 12th. Wedbush reissued a "neutral" rating and issued a $4.00 price target on shares of AMC Entertainment in a research note on Monday, August 5th. Three analysts have rated the stock with a sell rating and three have given a hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $5.44.

AMC Entertainment Trading Down 6.2 %

AMC stock traded down $0.29 during trading on Thursday, hitting $4.30. The company had a trading volume of 16,125,229 shares, compared to its average volume of 26,289,707. The business has a 50-day moving average of $4.52 and a 200-day moving average of $4.65. AMC Entertainment has a one year low of $2.38 and a one year high of $11.88. The stock has a market cap of $1.55 billion, a PE ratio of -2.88 and a beta of 1.83.

AMC Entertainment (NYSE:AMC - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.03. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period last year, the firm posted ($0.09) earnings per share. AMC Entertainment's quarterly revenue was down 4.1% compared to the same quarter last year. Research analysts forecast that AMC Entertainment will post -1.36 EPS for the current year.

Hedge Funds Weigh In On AMC Entertainment

Institutional investors have recently modified their holdings of the company. SG Americas Securities LLC grew its holdings in AMC Entertainment by 1,894.0% during the second quarter. SG Americas Securities LLC now owns 1,121,025 shares of the company's stock worth $5,583,000 after buying an additional 1,064,805 shares in the last quarter. Scientech Research LLC bought a new stake in AMC Entertainment during the second quarter worth $1,167,000. Bank of New York Mellon Corp grew its holdings in AMC Entertainment by 92.5% during the second quarter. Bank of New York Mellon Corp now owns 1,086,600 shares of the company's stock worth $5,411,000 after buying an additional 522,063 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in AMC Entertainment by 24.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 65,620 shares of the company's stock worth $245,000 after buying an additional 12,975 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new stake in AMC Entertainment during the first quarter worth $1,270,000. 28.80% of the stock is 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.