AMC Entertainment (NYSE:AMC) Upgraded to Neutral at Roth Mkm

AMC Entertainment (NYSE:AMC) was upgraded by equities researchers at Roth Mkm from a “sell” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday,Finviz reports. The brokerage currently has a $3.25 target price on the stock, down from their previous target price of $4.00. Roth Mkm’s price target suggests a potential upside of 5.35% from the stock’s previous close.

Several other analysts have also recently issued reports on the stock. StockNews.com raised shares of AMC Entertainment to a “sell” rating in a research note on Tuesday, November 12th. Macquarie reiterated an “underperform” rating and issued a $4.00 price objective on shares of AMC Entertainment in a report on Wednesday, November 13th. B. Riley decreased 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, Benchmark reiterated a “hold” rating on shares of AMC Entertainment in a report on Thursday, November 7th. Four research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $5.08.

AMC Entertainment Trading Down 0.8 %

AMC Entertainment stock opened at $3.09 on Tuesday. The firm has a market cap of $1.16 billion, a P/E ratio of -1.92 and a beta of 1.88. The firm has a 50-day moving average of $4.05 and a 200-day moving average of $4.46. AMC Entertainment has a 1-year low of $2.38 and a 1-year high of $11.88.

AMC Entertainment (NYSE:AMC) last announced its quarterly earnings data on Wednesday, November 6th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.03. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.33 billion. The firm’s revenue for the quarter was down 4.1% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.09) earnings per share. Research analysts forecast that AMC Entertainment will post -1.41 earnings per share for the current fiscal year.

Institutional Investors Weigh In On AMC Entertainment

Hedge funds and other institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC lifted its position in shares of AMC Entertainment by 12.1% during the third quarter. Geode Capital Management LLC now owns 8,047,182 shares of the company’s stock worth $36,622,000 after purchasing an additional 866,757 shares in the last quarter. State Street Corp lifted its position in AMC Entertainment by 14.6% in the third quarter. State Street Corp now owns 7,353,442 shares of the company’s stock worth $33,458,000 after purchasing an additional 936,618 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of AMC Entertainment by 153.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,705,500 shares of the company’s stock worth $16,860,000 after purchasing an additional 2,243,052 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of AMC Entertainment by 431.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,182,049 shares of the company’s stock valued at $5,378,000 after acquiring an additional 959,642 shares during the last quarter. Finally, KBC Group NV raised its holdings in AMC Entertainment by 7,771.5% during the 4th quarter. KBC Group NV now owns 648,141 shares of the company’s stock worth $2,580,000 after buying an additional 639,907 shares during the period. 28.80% of the stock is currently owned by institutional investors and hedge funds.

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.