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

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

A number of other equities analysts have also issued reports on AMC. Roth Mkm upgraded AMC Entertainment from a “sell” rating to a “neutral” rating and reduced their target price for the stock from $4.00 to $3.25 in a research note on Tuesday, February 4th. Roth Capital upgraded AMC Entertainment from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 4th. B. Riley reduced their target price 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. Macquarie restated an “underperform” rating and issued a $4.00 target price on shares of AMC Entertainment in a research note on Wednesday, November 13th. Finally, Benchmark restated a “hold” rating on shares of AMC Entertainment in a research note on Thursday, November 7th. Four investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to MarketBeat, AMC Entertainment currently has a consensus rating of “Hold” and an average target price of $4.81.

AMC Entertainment Price Performance

AMC Entertainment stock opened at $3.44 on Friday. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of -2.13 and a beta of 1.88. The business has a fifty day moving average price of $3.64 and a 200-day moving average price of $4.28. AMC Entertainment has a 1-year low of $2.38 and a 1-year high of $11.88.

Hedge Funds Weigh In On AMC Entertainment

Institutional investors and hedge funds have recently modified their holdings of the business. KBC Group NV purchased a new position in shares of AMC Entertainment in the 3rd quarter valued at about $37,000. Creative Planning purchased a new position in shares of AMC Entertainment in the 3rd quarter valued at about $48,000. Sterling Capital Management LLC increased its stake 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. Amalgamated Bank increased its stake in shares of AMC Entertainment by 31.5% in the 3rd quarter. Amalgamated Bank now owns 11,568 shares of the company’s stock valued at $53,000 after purchasing an additional 2,771 shares in the last quarter. Finally, Private Advisor Group LLC increased its stake in shares of AMC Entertainment by 27.5% in the 3rd quarter. Private Advisor Group LLC now owns 15,011 shares of the company’s stock valued at $68,000 after purchasing an additional 3,237 shares in the last quarter. Hedge funds and other 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.