AMC Entertainment (NYSE:AMC) Upgraded by Roth Capital to Hold Rating

AMC Entertainment (NYSE:AMC) was upgraded by stock analysts at Roth Capital from a “strong sell” rating to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

AMC has been the topic of several other research reports. Benchmark restated a “hold” rating on shares of AMC Entertainment in a report on Thursday, November 7th. StockNews.com upgraded AMC Entertainment to a “sell” rating in a research note on Tuesday, November 12th. Macquarie reiterated an “underperform” rating and issued a $4.00 target price on shares of AMC Entertainment in a research note on Wednesday, November 13th. Roth Mkm upgraded AMC Entertainment from a “sell” rating to a “neutral” rating and reduced their target price for the stock from $4.00 to $3.25 in a research note on Tuesday. Finally, B. Riley dropped their price target on AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. Four research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $5.08.

AMC Entertainment Stock Up 2.8 %

AMC Entertainment stock opened at $3.17 on Tuesday. The business has a 50-day simple moving average of $3.98 and a two-hundred day simple moving average of $4.43. The company has a market cap of $1.19 billion, a P/E ratio of -1.97 and a beta of 1.88. AMC Entertainment has a 52-week low of $2.38 and a 52-week high of $11.88.

AMC Entertainment (NYSE:AMC) last posted its quarterly earnings results 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 business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.33 billion. The company’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.09) earnings per share. Research analysts anticipate that AMC Entertainment will post -1.41 EPS for the current fiscal year.

Institutional Investors Weigh In On AMC Entertainment

Institutional investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. raised its stake in AMC Entertainment by 153.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,705,500 shares of the company’s stock valued at $16,860,000 after buying an additional 2,243,052 shares during the last quarter. JPMorgan Chase & Co. raised its stake in AMC Entertainment by 431.5% in the third quarter. JPMorgan Chase & Co. now owns 1,182,049 shares of the company’s stock valued at $5,378,000 after buying an additional 959,642 shares during the last quarter. State Street Corp raised its stake in AMC Entertainment by 14.6% in the third quarter. State Street Corp now owns 7,353,442 shares of the company’s stock valued at $33,458,000 after buying an additional 936,618 shares during the last quarter. Geode Capital Management LLC raised its stake in AMC Entertainment by 12.1% in the third quarter. Geode Capital Management LLC now owns 8,047,182 shares of the company’s stock valued at $36,622,000 after buying an additional 866,757 shares during the last quarter. Finally, KBC Group NV raised its stake in shares of AMC Entertainment by 7,771.5% in 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 last quarter. 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.