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

StockNews.com upgraded shares of AMC Entertainment (NYSE:AMC) to a sell rating in a report issued on Friday morning.

Several other research analysts also recently issued reports on AMC. Roth Capital upgraded AMC Entertainment from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 4th. Macquarie reissued an “underperform” rating and issued a $4.00 price target on shares of AMC Entertainment in a report on Wednesday, November 13th. Benchmark reaffirmed a “hold” rating on shares of AMC Entertainment in a research note on Thursday, November 7th. Roth Mkm raised shares of AMC Entertainment from a “sell” rating to a “neutral” rating and cut their target price for the company from $4.00 to $3.25 in a research note on Tuesday, February 4th. Finally, B. Riley decreased their price target on shares of AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. Four research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. Based on data from MarketBeat.com, AMC Entertainment has an average rating of “Hold” and an average price target of $5.08.

AMC Entertainment Trading Up 2.2 %

Shares of NYSE AMC opened at $3.56 on Friday. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of -2.21 and a beta of 1.88. The company’s 50-day moving average price is $3.72 and its 200 day moving average price is $4.34. AMC Entertainment has a 52 week low of $2.38 and a 52 week high of $11.88.

Institutional Investors Weigh In On AMC Entertainment

A number of institutional investors have recently bought and sold shares of AMC. Talon Private Wealth LLC purchased a new stake in shares of AMC Entertainment during the 4th quarter valued at $153,000. Voleon Capital Management LP purchased a new stake in AMC Entertainment during the fourth quarter valued at about $545,000. Northern Trust Corp increased its stake in AMC Entertainment by 12.6% during the fourth quarter. Northern Trust Corp now owns 3,318,281 shares of the company’s stock worth $13,207,000 after acquiring an additional 370,408 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in shares of AMC Entertainment in the 4th quarter worth about $1,191,000. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of AMC Entertainment by 15.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 184,248 shares of the company’s stock valued at $734,000 after purchasing an additional 24,612 shares in the last quarter. 28.80% of the stock is currently owned by hedge funds and other institutional investors.

About AMC Entertainment

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.