StockNews.com Upgrades AMC Entertainment (NYSE:AMC) to Sell

StockNews.com upgraded shares of AMC Entertainment (NYSE:AMC) to a sell rating in a research note issued to investors on Tuesday morning.

AMC has been the subject of a number of other reports. Wedbush reiterated a “neutral” rating and set a $4.00 price objective on shares of AMC Entertainment in a report on Monday, August 5th. Morgan Stanley decreased their price target on AMC Entertainment from $11.00 to $10.00 and set an “underweight” rating for the company in a research note on Monday, August 12th. Benchmark restated a “hold” rating on shares of AMC Entertainment in a research note on Thursday, November 7th. Finally, B. Riley decreased their price target on AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. Four analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, AMC Entertainment currently has an average rating of “Reduce” and an average price target of $5.44.

AMC Entertainment Trading Down 1.9 %

NYSE:AMC opened at $4.49 on Tuesday. AMC Entertainment has a 1-year low of $2.38 and a 1-year high of $11.88. The business’s 50-day moving average price is $4.49 and its two-hundred day moving average price is $4.69. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of -2.78 and a beta of 1.83.

AMC Entertainment (NYSE:AMC) last announced its quarterly earnings results on Wednesday, November 6th. The company reported ($0.04) earnings per share (EPS) 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. During the same quarter last year, the company earned ($0.09) earnings per share. The firm’s revenue was down 4.1% compared to the same quarter last year. Sell-side analysts predict that AMC Entertainment will post -1.42 earnings per share for the current year.

Institutional Trading of AMC Entertainment

Hedge funds have recently added to or reduced their stakes in the company. KBC Group NV acquired a new stake in AMC Entertainment during the 3rd quarter worth approximately $37,000. Skylands Capital LLC acquired a new stake in AMC Entertainment during the 2nd quarter worth approximately $50,000. Creative Planning acquired a new stake in AMC Entertainment during the 3rd quarter worth approximately $48,000. Amalgamated Bank increased its stake in AMC Entertainment by 31.5% during the 3rd quarter. Amalgamated Bank now owns 11,568 shares of the company’s stock worth $53,000 after acquiring an additional 2,771 shares during the period. Finally, Burns Matteson Capital Management LLC bought a new position in AMC Entertainment during the 3rd quarter worth $55,000. 28.80% of the stock is owned by institutional investors and hedge funds.

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.