AMC Entertainment (NYSE:AMC) Raised to “Neutral” at Roth Mkm

AMC Entertainment (NYSE:AMC) was upgraded by analysts at Roth Mkm from a “sell” rating to a “neutral” rating in a research report issued on Tuesday, Marketbeat reports. The brokerage presently has a $3.25 target price on the stock, down from their previous target price of $4.00. Roth Mkm’s price target points to a potential upside of 3.67% from the stock’s current price.

AMC has been the topic of a number of other research reports. Benchmark reaffirmed a “hold” rating on shares of AMC Entertainment in a report on Thursday, November 7th. Macquarie reiterated an “underperform” rating and set a $4.00 target price on shares of AMC Entertainment in a research note on Wednesday, November 13th. B. Riley decreased their price target on shares of AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. Finally, StockNews.com upgraded shares of AMC Entertainment to a “sell” rating in a research note on Tuesday, November 12th. Four equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $5.08.

AMC Entertainment Stock Down 0.8 %

AMC stock opened at $3.14 on Tuesday. AMC Entertainment has a 52-week low of $2.38 and a 52-week high of $11.88. The company has a market capitalization of $1.18 billion, a PE ratio of -1.95 and a beta of 1.88. The stock’s 50 day moving average is $3.95 and its two-hundred day moving average is $4.42.

AMC Entertainment (NYSE:AMC) last announced its quarterly earnings data on Wednesday, November 6th. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.03. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same period in the prior year, the business earned ($0.09) earnings per share. AMC Entertainment’s revenue was down 4.1% on a year-over-year basis. As a group, sell-side analysts anticipate that AMC Entertainment will post -1.41 EPS for the current year.

Hedge Funds Weigh In On AMC Entertainment

Several large investors have recently bought and sold shares of the stock. Los Angeles Capital Management LLC acquired a new position in AMC Entertainment during the fourth quarter worth about $225,000. Bank of New York Mellon Corp raised its holdings in shares of AMC Entertainment by 1.9% in the 4th quarter. Bank of New York Mellon Corp now owns 947,788 shares of the company’s stock worth $3,772,000 after purchasing an additional 17,371 shares in the last quarter. Global Retirement Partners LLC lifted its stake in AMC Entertainment by 4,699.2% during the fourth quarter. Global Retirement Partners LLC now owns 52,263 shares of the company’s stock valued at $208,000 after purchasing an additional 51,174 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in AMC Entertainment by 15.1% during the fourth quarter. New York State Common Retirement Fund now owns 92,418 shares of the company’s stock worth $368,000 after buying an additional 12,100 shares in the last quarter. Finally, Rhumbline Advisers grew its position in AMC Entertainment by 3.4% in the fourth quarter. Rhumbline Advisers now owns 511,171 shares of the company’s stock worth $2,034,000 after buying an additional 16,675 shares during the last quarter. Institutional investors and hedge funds 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.