AMC Entertainment (NYSE:AMC) Given New $3.00 Price Target at Smith Barney Citigroup

AMC Entertainment (NYSE:AMC) had its target price cut by Smith Barney Citigroup from $4.00 to $3.00 in a research report issued on Monday, The Fly reports. Smith Barney Citigroup’s target price indicates a potential upside of 10.70% from the stock’s current price.

AMC has been the subject of several other research reports. Wedbush raised their price target on AMC Entertainment from $4.00 to $7.00 and gave the company a “neutral” rating in a report on Monday, August 31st. B. Riley cut their target price on shares of AMC Entertainment from $5.50 to $4.50 and set a “neutral” rating for the company in a report on Monday, October 12th. ValuEngine downgraded shares of AMC Entertainment from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 1st. MKM Partners lowered their price objective on shares of AMC Entertainment from $4.50 to $4.00 and set a “neutral” rating for the company in a research report on Friday, October 9th. Finally, Credit Suisse Group downgraded shares of AMC Entertainment from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $4.00 to $2.00 in a report on Monday, June 29th. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the stock. AMC Entertainment has an average rating of “Hold” and an average price target of $5.42.

AMC traded down $0.26 during trading on Monday, hitting $2.71. 189,637 shares of the company traded hands, compared to its average volume of 10,517,795. The company has a market cap of $324.68 million, a PE ratio of -0.10 and a beta of 1.90. The stock’s 50-day simple moving average is $4.83 and its two-hundred day simple moving average is $4.64. AMC Entertainment has a 1 year low of $1.95 and a 1 year high of $10.35.

AMC Entertainment (NYSE:AMC) last released its quarterly earnings data on Thursday, August 6th. The company reported ($5.44) EPS for the quarter, missing the consensus estimate of ($4.00) by ($1.44). AMC Entertainment had a negative net margin of 75.33% and a negative return on equity of 28.65%. The company had revenue of $18.90 million for the quarter, compared to the consensus estimate of $20.96 million. Analysts anticipate that AMC Entertainment will post -14.17 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. lifted its stake in shares of AMC Entertainment by 4.7% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,150,592 shares of the company’s stock worth $4,937,000 after purchasing an additional 51,542 shares during the last quarter. State Street Corp lifted its position in shares of AMC Entertainment by 1.0% during the first quarter. State Street Corp now owns 1,113,671 shares of the company’s stock valued at $3,519,000 after buying an additional 10,539 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of AMC Entertainment by 5.5% in the 1st quarter. Geode Capital Management LLC now owns 718,257 shares of the company’s stock valued at $2,269,000 after buying an additional 37,399 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of AMC Entertainment by 160.3% in the 2nd quarter. Goldman Sachs Group Inc. now owns 642,434 shares of the company’s stock worth $2,756,000 after buying an additional 395,669 shares during the last quarter. Finally, Parametric Portfolio Associates LLC raised its stake in shares of AMC Entertainment by 101.7% during the 1st quarter. Parametric Portfolio Associates LLC now owns 471,852 shares of the company’s stock worth $1,491,000 after acquiring an additional 237,885 shares in the last quarter. 23.36% of the stock is currently owned by institutional investors and hedge funds.

About AMC Entertainment

AMC Entertainment Holdings, Inc, through its subsidiaries, involved in the theatrical exhibition business. The company owns, operates, or has interests in theatres. As of December 31, 2018, it owned, operated, or had interests in 637 theatres with a total of 8,114 screens in the United States; and 369 theatres and 2,977 screens in European markets.

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Analyst Recommendations for AMC Entertainment (NYSE:AMC)

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