1 week Ago By ABMN Staff
AMC Entertainment Holdings, Inc. ( NYSE:AMC – Get Free Report ) shares traded up 3% on Friday . The stock traded as high as $4.
97 and last traded at $4.87. 6,583,823 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 30,808,951 shares.
The stock had previously closed at $4.73. Wall Street Analyst Weigh In Several equities research analysts recently weighed in on the stock.
Morgan Stanley reduced their price target on shares of AMC Entertainment from $11.00 to $10.00 and set an “underweight” rating on the stock in a research report on Monday, August 12th.
Wedbush reiterated a “neutral” rating and set a $4.00 price objective on shares of AMC Entertainment in a research report on Monday, August 5th. Benchmark reiterated a “hold” rating on shares of AMC Entertainment in a research report on Monday, August 5th.
Citigroup boosted their price objective on shares of AMC Entertainment from $3.10 to $3.20 and gave the company a “sell” rating in a research report on Tuesday, May 14th.
Finally, Macquarie boosted their price objective on shares of AMC Entertainment from $3.50 to $4.00 and gave the company an “underperform” rating in a research report on Tuesday, July 9th.
Five analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, AMC Entertainment presently has an average rating of “Reduce” and an average price target of $5.
70. Read Our Latest Stock Analysis on AMC Entertainment AMC Entertainment Stock Up 5.3 % AMC Entertainment ( NYSE:AMC – Get Free Report ) last released its quarterly earnings results on Friday, August 2nd.
The company reported ($0.43) EPS for the quarter, meeting the consensus estimate of ($0.43).
The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.03 billion.
AMC Entertainment’s revenue for the quarter was down 23.1% compared to the same quarter last year. On average, sell-side analysts predict that AMC Entertainment Holdings, Inc.
will post -1.36 EPS for the current fiscal year. Institutional Trading of AMC Entertainment Several hedge funds have recently modified their holdings of the company.
Russell Investments Group Ltd. acquired a new position in shares of AMC Entertainment during the fourth quarter valued at about $34,000. Mayflower Financial Advisors LLC acquired a new position in shares of AMC Entertainment during the first quarter valued at about $37,000.
Skylands Capital LLC acquired a new position in shares of AMC Entertainment during the second quarter valued at about $50,000. Powell Investment Advisors LLC acquired a new position in shares of AMC Entertainment during the first quarter valued at about $55,000. Finally, Eudaimonia Partners LLC acquired a new position in shares of AMC Entertainment during the fourth quarter valued at about $71,000.
28.80% of the stock is owned by hedge funds and other institutional investors. AMC Entertainment Company Profile ( Get Free Report ) 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. Further Reading Receive News & Ratings for AMC Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMC Entertainment and related companies with MarketBeat.
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