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 research note published on Friday.

Other research analysts have also issued reports about the stock. Benchmark restated a “hold” rating on shares of AMC Entertainment in a research note on Thursday, November 7th. Roth Capital upgraded shares of AMC Entertainment from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 4th. B. Riley lowered their price objective 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. Roth Mkm upgraded shares of AMC Entertainment from a “sell” rating to a “neutral” rating and decreased their price target for the company from $4.00 to $3.25 in a research note on Tuesday, February 4th. Finally, Macquarie reiterated an “underperform” rating and issued a $4.00 price target on shares of AMC Entertainment in a research note on Wednesday, November 13th. Four research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to data from MarketBeat, AMC Entertainment presently has an average rating of “Hold” and an average price target of $5.08.

AMC Entertainment Price Performance

AMC Entertainment stock opened at $3.56 on Friday. The firm has a market capitalization of $1.34 billion, a PE ratio of -2.21 and a beta of 1.88. The company’s 50-day moving average is $3.72 and its 200-day moving average is $4.33. AMC Entertainment has a fifty-two week low of $2.38 and a fifty-two week high of $11.88.

Institutional Trading of AMC Entertainment

A number of institutional investors have recently bought and sold shares of the business. Talon Private Wealth LLC bought a new stake in AMC Entertainment in the 4th quarter valued at about $153,000. Voleon Capital Management LP bought a new stake in AMC Entertainment in the 4th quarter valued at about $545,000. Northern Trust Corp boosted its holdings in AMC Entertainment by 12.6% in the 4th quarter. Northern Trust Corp now owns 3,318,281 shares of the company’s stock valued at $13,207,000 after purchasing an additional 370,408 shares during the period. Susquehanna Fundamental Investments LLC bought a new stake in AMC Entertainment in the 4th quarter valued at about $1,191,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in 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 during the period. Institutional investors own 28.80% of the company’s stock.

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.