Roth Mkm Upgrades AMC Entertainment (NYSE:AMC) to Neutral

AMC Entertainment (NYSE:AMC) was upgraded by investment analysts at Roth Mkm from a “sell” rating to a “neutral” rating in a report released on Tuesday,Finviz reports. The firm currently has a $3.25 price target on the stock, down from their previous price target of $4.00. Roth Mkm’s price target would indicate a potential upside of 5.35% from the stock’s current price.

AMC has been the topic of a number of other reports. Benchmark reaffirmed a “hold” rating on shares of AMC Entertainment in a research note on Thursday, November 7th. Macquarie reiterated an “underperform” rating and issued a $4.00 price target on shares of AMC Entertainment in a report on Wednesday, November 13th. B. Riley dropped their target price on shares of AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. Finally, StockNews.com upgraded shares of AMC Entertainment to a “sell” rating in a research report on Tuesday, November 12th. Four equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to MarketBeat.com, AMC Entertainment currently has a consensus rating of “Hold” and a consensus target price of $5.08.

AMC Entertainment Stock Performance

Shares of AMC opened at $3.09 on Tuesday. The firm has a market cap of $1.16 billion, a PE ratio of -1.92 and a beta of 1.88. The firm’s 50 day moving average price is $4.05 and its 200 day moving average price is $4.46. AMC Entertainment has a twelve month low of $2.38 and a twelve month high of $11.88.

AMC Entertainment (NYSE:AMC) last announced its quarterly earnings results on Wednesday, November 6th. The company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.03. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.33 billion. The firm’s quarterly revenue was down 4.1% on a year-over-year basis. During the same quarter last year, the company posted ($0.09) EPS. On average, sell-side analysts anticipate that AMC Entertainment will post -1.41 earnings per share for the current fiscal year.

Institutional Investors Weigh In On AMC Entertainment

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Global Retirement Partners LLC increased its position in shares of AMC Entertainment by 4,699.2% during the fourth quarter. Global Retirement Partners LLC now owns 52,263 shares of the company’s stock valued at $208,000 after acquiring an additional 51,174 shares during the last quarter. New York State Common Retirement Fund raised its stake in shares of AMC Entertainment by 15.1% in the 4th quarter. New York State Common Retirement Fund now owns 92,418 shares of the company’s stock valued at $368,000 after purchasing an additional 12,100 shares in the last quarter. Rhumbline Advisers raised its stake in AMC Entertainment by 3.4% during the 4th quarter. Rhumbline Advisers now owns 511,171 shares of the company’s stock valued at $2,034,000 after acquiring an additional 16,675 shares in the last quarter. KBC Group NV boosted its position in shares of AMC Entertainment by 7,771.5% in the 4th quarter. KBC Group NV now owns 648,141 shares of the company’s stock valued at $2,580,000 after purchasing an additional 639,907 shares during the period. Finally, Traphagen Investment Advisors LLC acquired a new stake in AMC Entertainment during the fourth quarter valued at $64,000. 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.