AMC Entertainment (NYSE:AMC) Raised to “Hold” at Roth Capital

AMC Entertainment (NYSE:AMC) was upgraded by investment analysts at Roth Capital from a “strong sell” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

Several other brokerages have also weighed in on AMC. 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. Benchmark reissued a “hold” rating on shares of AMC Entertainment in a research note on Thursday, November 7th. StockNews.com raised AMC Entertainment to a “sell” rating in a research note on Tuesday, November 12th. Roth Mkm raised AMC Entertainment from a “sell” rating to a “neutral” rating and cut their target price for the company from $4.00 to $3.25 in a research note on Tuesday. Finally, Macquarie restated an “underperform” rating and set a $4.00 target price on shares of AMC Entertainment in a research report on Wednesday, November 13th. Four investment analysts have rated the stock with a sell rating and five have given a hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $5.08.

AMC Entertainment Stock Down 0.8 %

Shares of AMC opened at $3.14 on Tuesday. The stock’s fifty day simple moving average is $3.95 and its 200-day simple moving average is $4.42. The firm has a market capitalization of $1.18 billion, a PE ratio of -1.95 and a beta of 1.88. AMC Entertainment has a 12-month low of $2.38 and a 12-month high of $11.88.

AMC Entertainment (NYSE:AMC) last released its earnings results on Wednesday, November 6th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.03. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the previous year, the company posted ($0.09) earnings per share. The business’s revenue for the quarter was down 4.1% on a year-over-year basis. Analysts anticipate that AMC Entertainment will post -1.41 EPS for the current year.

Institutional Investors Weigh In On AMC Entertainment

Several institutional investors have recently added to or reduced their stakes in AMC. Geode Capital Management LLC raised its stake in shares of AMC Entertainment by 12.1% in the 3rd quarter. Geode Capital Management LLC now owns 8,047,182 shares of the company’s stock valued at $36,622,000 after purchasing an additional 866,757 shares during the period. State Street Corp grew its holdings in shares of AMC Entertainment by 14.6% during the third quarter. State Street Corp now owns 7,353,442 shares of the company’s stock worth $33,458,000 after buying an additional 936,618 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in AMC Entertainment by 153.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,705,500 shares of the company’s stock valued at $16,860,000 after buying an additional 2,243,052 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in AMC Entertainment by 431.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,182,049 shares of the company’s stock valued at $5,378,000 after acquiring an additional 959,642 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in AMC Entertainment by 1.9% during the 4th quarter. Bank of New York Mellon Corp now owns 947,788 shares of the company’s stock worth $3,772,000 after acquiring an additional 17,371 shares during the last quarter. 28.80% of the stock is owned by 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.