AMC Entertainment (NYSE:AMC) Upgraded at StockNews.com

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

Several other research analysts have also commented on the stock. B. Riley cut their price target 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 restated a “hold” rating on shares of AMC Entertainment in a report on Thursday, November 7th. Wedbush restated a “neutral” rating and issued a $4.00 price target on shares of AMC Entertainment in a report on Monday, August 5th. Finally, Morgan Stanley dropped their price objective on shares of AMC Entertainment from $11.00 to $10.00 and set an “underweight” rating on the stock in a research note on Monday, August 12th. Four analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $5.44.

AMC Entertainment Stock Up 1.7 %

Shares of AMC stock traded up $0.08 during trading hours on Tuesday, hitting $4.57. 19,388,057 shares of the company were exchanged, compared to its average volume of 26,196,553. The firm has a market cap of $1.65 billion, a PE ratio of -2.84 and a beta of 1.83. AMC Entertainment has a 1 year low of $2.38 and a 1 year high of $11.88. The firm has a fifty day moving average of $4.50 and a 200 day moving average of $4.68.

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 analysts’ expectations of $1.33 billion. The company’s revenue was down 4.1% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.09) earnings per share. Analysts expect that AMC Entertainment will post -1.42 earnings per share for the current year.

Institutional Trading of AMC Entertainment

Hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC increased its stake in shares of AMC Entertainment by 1,894.0% in the second quarter. SG Americas Securities LLC now owns 1,121,025 shares of the company’s stock worth $5,583,000 after buying an additional 1,064,805 shares during the last quarter. Scientech Research LLC acquired a new position in AMC Entertainment in the second quarter worth $1,167,000. Bank of New York Mellon Corp boosted its holdings in AMC Entertainment by 92.5% in the second quarter. Bank of New York Mellon Corp now owns 1,086,600 shares of the company’s stock worth $5,411,000 after purchasing an additional 522,063 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in AMC Entertainment by 24.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 65,620 shares of the company’s stock worth $245,000 after purchasing an additional 12,975 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in AMC Entertainment by 22.9% in the first quarter. Vanguard Group Inc. now owns 24,804,669 shares of the company’s stock worth $92,273,000 after purchasing an additional 4,617,007 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.