B. Riley Initiates Coverage on AMC Entertainment (NYSE:AMC)

Stock analysts at B. Riley assumed coverage on shares of AMC Entertainment (NYSE:AMC) in a research note issued to investors on Friday. The brokerage set a “neutral” rating and a $3.00 price target on the stock. B. Riley’s price target suggests a potential upside of 1.87% from the company’s previous close.

Other analysts have also issued reports about the stock. Roth Mkm cut their target price on shares of AMC Entertainment from $3.25 to $3.00 and set a “neutral” rating for the company in a research report on Wednesday, April 16th. StockNews.com upgraded AMC Entertainment to a “sell” rating in a research note on Saturday, February 22nd. Citigroup reaffirmed a “sell” rating and issued a $2.30 target price (down from $2.80) on shares of AMC Entertainment in a report on Thursday, April 24th. Benchmark reissued a “hold” rating on shares of AMC Entertainment in a report on Monday, March 3rd. Finally, Roth Capital set a $3.25 price objective on AMC Entertainment in a research note on Tuesday, February 4th. Three analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $4.22.

AMC Entertainment Stock Performance

AMC Entertainment stock opened at $2.95 on Friday. AMC Entertainment has a one year low of $2.45 and a one year high of $5.96. The stock has a fifty day moving average of $2.82 and a 200 day moving average of $3.52. The stock has a market cap of $1.27 billion, a PE ratio of -1.83 and a beta of 1.41.

AMC Entertainment (NYSE:AMC) last released its quarterly earnings results on Wednesday, May 7th. The company reported ($0.58) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.61) by $0.03. The firm had revenue of $862.50 million for the quarter, compared to the consensus estimate of $983.23 million. During the same quarter in the prior year, the firm earned ($0.62) earnings per share. The company’s revenue for the quarter was down 9.3% compared to the same quarter last year. As a group, sell-side analysts predict that AMC Entertainment will post -1.38 EPS for the current fiscal year.

Institutional Investors Weigh In On AMC Entertainment

A number of institutional investors have recently bought and sold shares of the business. Legacy Financial Strategies LLC bought a new position in shares of AMC Entertainment in the first quarter worth about $29,000. Ground Swell Capital LLC purchased a new position in AMC Entertainment in the 1st quarter worth approximately $30,000. Sowell Financial Services LLC bought a new position in AMC Entertainment in the 1st quarter worth approximately $36,000. Sterling Capital Management LLC boosted its stake in AMC Entertainment by 831.5% in the 4th quarter. Sterling Capital Management LLC now owns 10,843 shares of the company’s stock worth $43,000 after purchasing an additional 9,679 shares during the period. Finally, Abacus Planning Group Inc. purchased a new stake in AMC Entertainment during the 1st quarter valued at approximately $47,000. Hedge funds and other institutional investors own 28.80% of the company’s stock.

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.