AMC Entertainment (NYSE:AMC) Upgraded at StockNews.com

StockNews.com upgraded shares of AMC Entertainment (NYSE:AMC) to a sell rating in a research note published on Saturday morning.

AMC has been the subject of a number of other research reports. Macquarie restated an “underperform” rating and set a $4.00 price objective on shares of AMC Entertainment in a research report on Wednesday, November 13th. B. Riley cut their price objective on AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. Benchmark reaffirmed a “hold” rating on shares of AMC Entertainment in a report on Thursday, November 7th. Roth Capital raised shares of AMC Entertainment from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 4th. Finally, Roth Mkm raised shares of AMC Entertainment from a “sell” rating to a “neutral” rating and lowered their price target for the company from $4.00 to $3.25 in a report on Tuesday, February 4th. Four analysts have rated the stock with a sell rating and five have issued a hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $4.81.

AMC Entertainment Stock Down 2.2 %

Shares of AMC Entertainment stock opened at $3.36 on Friday. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of -2.08 and a beta of 1.88. The business has a 50-day moving average price of $3.62 and a 200-day moving average price of $4.27. AMC Entertainment has a twelve month low of $2.38 and a twelve month high of $11.88.

Institutional Trading of AMC Entertainment

Institutional investors have recently added to or reduced their stakes in the company. KBC Group NV bought a new stake in AMC Entertainment in the third quarter worth about $37,000. Creative Planning bought a new stake in AMC Entertainment in the third quarter worth about $48,000. Sterling Capital Management LLC lifted its stake in AMC Entertainment by 831.5% in the fourth 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 last quarter. Amalgamated Bank lifted its stake in AMC Entertainment by 31.5% in the third quarter. Amalgamated Bank now owns 11,568 shares of the company’s stock worth $53,000 after purchasing an additional 2,771 shares during the last quarter. Finally, Private Advisor Group LLC lifted its stake in AMC Entertainment by 27.5% in the third quarter. Private Advisor Group LLC now owns 15,011 shares of the company’s stock worth $68,000 after purchasing an additional 3,237 shares during the last quarter. Institutional investors own 28.80% of the company’s stock.

AMC Entertainment Company Profile

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.