AMC Entertainment (NYSE:AMC) Raised to Sell at StockNews.com

AMC Entertainment (NYSE:AMC) was upgraded by StockNews.com to a “sell” rating in a research report issued on Friday.

Other analysts also recently issued reports about the stock. Roth Capital upgraded shares of AMC Entertainment from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 4th. Macquarie restated an “underperform” rating and set a $4.00 price objective on shares of AMC Entertainment in a report on Wednesday, November 13th. B. Riley reduced their target price on shares of AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. Roth Mkm raised 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 note on Tuesday, February 4th. Finally, Benchmark restated a “hold” rating on shares of AMC Entertainment in a report on Thursday, November 7th. Four analysts have rated the stock with a sell rating and five have issued a hold rating to the company. Based on data from MarketBeat, AMC Entertainment currently has an average rating of “Hold” and an average target price of $5.08.

AMC Entertainment Price Performance

NYSE AMC opened at $3.48 on Friday. AMC Entertainment has a one year low of $2.38 and a one year high of $11.88. The firm has a market cap of $1.31 billion, a P/E ratio of -2.16 and a beta of 1.88. The stock’s 50-day moving average is $3.77 and its 200-day moving average is $4.36.

Hedge Funds Weigh In On AMC Entertainment

Institutional investors have recently added to or reduced their stakes in the company. KBC Group NV bought a new position in shares of AMC Entertainment during the 3rd quarter worth approximately $37,000. Sterling Capital Management LLC lifted its holdings in AMC Entertainment by 831.5% during 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 during the last quarter. Creative Planning bought a new position in AMC Entertainment during the third quarter worth $48,000. Amalgamated Bank increased its holdings in shares of AMC Entertainment by 31.5% in the third quarter. Amalgamated Bank now owns 11,568 shares of the company’s stock valued at $53,000 after purchasing an additional 2,771 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ raised its position in shares of AMC Entertainment by 68.3% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 15,947 shares of the company’s stock valued at $63,000 after purchasing an additional 6,473 shares during the period. 28.80% of the stock is currently 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.