AMC Entertainment (NYSE:AMC) Receives “Hold” Rating from Benchmark

Benchmark reiterated their hold rating on shares of AMC Entertainment (NYSE:AMC) in a report released on Monday morning,Benzinga reports.

Several other brokerages also recently issued reports on AMC. Roth Mkm upgraded AMC Entertainment from a “sell” rating to a “neutral” rating and cut their price objective for the company from $4.00 to $3.25 in a research report on Tuesday, February 4th. Macquarie reiterated a “neutral” rating and issued a $4.00 price objective on shares of AMC Entertainment in a research report on Wednesday, February 26th. Roth Capital set a $3.25 price objective on AMC Entertainment in a research report on Tuesday, February 4th. B. Riley dropped their target price on AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. Finally, StockNews.com upgraded AMC Entertainment to a “sell” rating in a research report on Saturday, February 22nd. Three investment analysts have rated the stock with a sell rating and six have given a hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $4.81.

AMC Entertainment Stock Performance

Shares of AMC opened at $3.07 on Monday. The stock has a fifty day moving average price of $3.53 and a two-hundred day moving average price of $4.20. AMC Entertainment has a 52-week low of $2.38 and a 52-week high of $11.88. The company has a market cap of $1.15 billion, a price-to-earnings ratio of -1.91 and a beta of 1.88.

Institutional Investors Weigh In On AMC Entertainment

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its stake in shares of AMC Entertainment by 153.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,705,500 shares of the company’s stock worth $16,860,000 after purchasing an additional 2,243,052 shares during the period. Virtu Financial LLC acquired a new stake in shares of AMC Entertainment during the third quarter worth $893,000. Geode Capital Management LLC grew its stake in shares of AMC Entertainment by 12.1% during the third quarter. Geode Capital Management LLC now owns 8,047,182 shares of the company’s stock worth $36,622,000 after purchasing an additional 866,757 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of AMC Entertainment during the third quarter worth $72,000. Finally, KBC Group NV grew its stake in shares of AMC Entertainment by 7,771.5% during the fourth quarter. KBC Group NV now owns 648,141 shares of the company’s stock worth $2,580,000 after purchasing an additional 639,907 shares during the period. 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.