AMC Entertainment (NYSE:AMC) Rating Increased to Hold at Roth Capital

Roth Capital upgraded shares of AMC Entertainment (NYSE:AMC) from a strong sell rating to a hold rating in a research note published on Tuesday,Zacks.com reports.

A number of other equities research analysts have also weighed in on AMC. Benchmark reaffirmed a “hold” rating on shares of AMC Entertainment in a research report on Thursday, November 7th. Roth Mkm raised AMC Entertainment from a “sell” rating to a “neutral” rating and decreased their target price for the company from $4.00 to $3.25 in a research report on Tuesday. B. Riley decreased 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. StockNews.com raised AMC Entertainment to a “sell” rating in a research report on Tuesday, November 12th. Finally, Macquarie reaffirmed an “underperform” rating and set a $4.00 target price on shares of AMC Entertainment in a research report on Wednesday, November 13th. Four equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $5.08.

AMC Entertainment Stock Up 2.8 %

AMC opened at $3.17 on Tuesday. The business has a fifty day moving average of $3.98 and a 200 day moving average of $4.43. AMC Entertainment has a 52-week low of $2.38 and a 52-week high of $11.88. The stock has a market cap of $1.19 billion, a P/E ratio of -1.97 and a beta of 1.88.

AMC Entertainment (NYSE:AMC) last posted its quarterly earnings data 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 analysts’ expectations of $1.33 billion. AMC Entertainment’s revenue was down 4.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.09) EPS. Equities analysts anticipate that AMC Entertainment will post -1.41 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. KBC Group NV bought a new position in shares of AMC Entertainment in the 3rd quarter worth $37,000. Creative Planning bought a new position in shares of AMC Entertainment in the 3rd quarter worth $48,000. Amalgamated Bank grew its stake in AMC Entertainment by 31.5% during the 3rd quarter. Amalgamated Bank now owns 11,568 shares of the company’s stock worth $53,000 after buying an additional 2,771 shares during the last quarter. Burns Matteson Capital Management LLC purchased a new position in AMC Entertainment during the 3rd quarter worth $55,000. Finally, Private Advisor Group LLC grew its stake in AMC Entertainment by 27.5% during the 3rd quarter. Private Advisor Group LLC now owns 15,011 shares of the company’s stock worth $68,000 after buying an additional 3,237 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.