AMC Entertainment (NYSE:AMC) Stock Rating Upgraded by StockNews.com

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

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

AMC Entertainment Stock Performance

AMC Entertainment stock opened at $3.36 on Friday. The company has a 50 day moving average price of $3.62 and a 200-day moving average price of $4.27. AMC Entertainment has a fifty-two week low of $2.38 and a fifty-two week high of $11.88. The company has a market capitalization of $1.26 billion, a PE ratio of -2.08 and a beta of 1.88.

Hedge Funds Weigh In On AMC Entertainment

Several institutional investors and hedge funds have recently bought and sold shares of the company. Amalgamated Bank lifted its stake in shares of AMC Entertainment by 31.5% during the third quarter. Amalgamated Bank now owns 11,568 shares of the company’s stock worth $53,000 after buying an additional 2,771 shares during the period. Private Advisor Group LLC lifted its stake in shares of AMC Entertainment by 27.5% during the third quarter. Private Advisor Group LLC now owns 15,011 shares of the company’s stock worth $68,000 after buying an additional 3,237 shares during the period. Tidal Investments LLC lifted its stake in shares of AMC Entertainment by 15.7% during the fourth quarter. Tidal Investments LLC now owns 28,581 shares of the company’s stock worth $114,000 after buying an additional 3,885 shares during the period. State of Wyoming lifted its stake in shares of AMC Entertainment by 10.8% during the fourth quarter. State of Wyoming now owns 58,213 shares of the company’s stock worth $232,000 after buying an additional 5,661 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ lifted its stake in shares of AMC Entertainment by 68.3% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 15,947 shares of the company’s stock worth $63,000 after buying an additional 6,473 shares during the period. 28.80% of the stock is owned by hedge funds and other institutional investors.

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.