AMC Entertainment (NYSE:AMC) Trading Up 5.8% – Still a Buy?

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) traded up 5.8% during trading on Monday . The stock traded as high as $2.94 and last traded at $2.81. 6,587,852 shares traded hands during trading, a decline of 72% from the average session volume of 23,601,587 shares. The stock had previously closed at $2.65.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AMC. Macquarie reiterated a “neutral” rating and set a $4.00 target price on shares of AMC Entertainment in a research report on Wednesday, February 26th. Roth Capital set a $3.25 price objective on shares of AMC Entertainment in a research report on Tuesday, February 4th. StockNews.com upgraded AMC Entertainment to a “sell” rating in a research note on Saturday, February 22nd. Roth Mkm raised AMC Entertainment from a “sell” rating to a “neutral” rating and dropped their price target for the stock from $4.00 to $3.25 in a research note on Tuesday, February 4th. Finally, Citigroup reduced their price objective on AMC Entertainment from $2.90 to $2.80 and set a “sell” rating for the company in a research note on Friday, March 7th. Three equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. Based on data from MarketBeat, AMC Entertainment currently has a consensus rating of “Hold” and a consensus target price of $4.76.

AMC Entertainment Trading Up 3.2 %

The firm has a market cap of $1.18 billion, a P/E ratio of -1.70 and a beta of 1.64. The company’s 50-day moving average is $3.13 and its two-hundred day moving average is $3.87.

Institutional Investors Weigh In On AMC Entertainment

Several institutional investors have recently bought and sold shares of the stock. Tidal Investments LLC boosted its holdings in AMC Entertainment by 15.7% during the 4th quarter. Tidal Investments LLC now owns 28,581 shares of the company’s stock worth $114,000 after acquiring an additional 3,885 shares during the last quarter. State of Wyoming boosted its holdings in 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 purchasing an additional 5,661 shares during the last quarter. Skandinaviska Enskilda Banken AB publ grew its position in AMC Entertainment by 68.3% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 15,947 shares of the company’s stock worth $63,000 after purchasing an additional 6,473 shares in the last quarter. MetLife Investment Management LLC grew its position in AMC Entertainment by 3.7% in the 4th quarter. MetLife Investment Management LLC now owns 199,886 shares of the company’s stock worth $796,000 after purchasing an additional 7,060 shares in the last quarter. Finally, Meridian Wealth Management LLC increased its stake in AMC Entertainment by 61.4% in the 4th quarter. Meridian Wealth Management LLC now owns 25,254 shares of the company’s stock valued at $101,000 after buying an additional 9,605 shares during the last quarter. 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.