AMC Entertainment (NYSE:AMC) Upgraded to “Sell” at StockNews.com

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

A number of other equities research analysts have also recently weighed in on the company. B. Riley reduced their price objective on AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. Benchmark reiterated a “hold” rating on shares of AMC Entertainment in a research note on Thursday, November 7th. Macquarie reissued an “underperform” rating and set a $4.00 price objective on shares of AMC Entertainment in a research report on Wednesday, November 13th. Roth Capital upgraded shares of AMC Entertainment from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 4th. Finally, Roth Mkm upgraded AMC Entertainment from a “sell” rating to a “neutral” rating and dropped their price target for the company from $4.00 to $3.25 in a research report on Tuesday, February 4th. Four analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $5.08.

AMC Entertainment Stock Performance

AMC opened at $3.56 on Friday. AMC Entertainment has a one year low of $2.38 and a one year high of $11.88. The stock has a market capitalization of $1.34 billion, a P/E ratio of -2.21 and a beta of 1.88. The business’s 50-day simple moving average is $3.72 and its 200-day simple moving average is $4.34.

Institutional Trading of AMC Entertainment

Several hedge funds have recently modified their holdings of AMC. KBC Group NV purchased a new position in AMC Entertainment in the third quarter worth $37,000. Sterling Capital Management LLC increased its holdings in shares of AMC Entertainment by 831.5% in the 4th quarter. Sterling Capital Management LLC now owns 10,843 shares of the company’s stock valued at $43,000 after purchasing an additional 9,679 shares in the last quarter. Creative Planning acquired a new stake in shares of AMC Entertainment in the third quarter valued at about $48,000. Amalgamated Bank boosted its holdings in 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 in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ grew its position in 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 institutional investors and hedge funds.

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.