AMC Entertainment (NYSE:AMC) Rating Increased to Neutral at Roth Mkm

Roth Mkm upgraded shares of AMC Entertainment (NYSE:AMC) from a sell rating to a neutral rating in a research report sent to investors on Tuesday, MarketBeat Ratings reports. They currently have $3.25 price target on the stock, down from their prior price target of $4.00.

A number of other equities analysts have also recently commented on AMC. B. Riley lowered their price target on AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. Macquarie restated an “underperform” rating and set a $4.00 price objective on shares of AMC Entertainment in a research report on Wednesday, November 13th. Benchmark restated a “hold” rating on shares of AMC Entertainment in a research report on Thursday, November 7th. Finally, StockNews.com upgraded 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $5.08.

AMC Entertainment Trading Up 2.8 %

NYSE:AMC opened at $3.17 on Tuesday. The stock has a market cap of $1.19 billion, a P/E ratio of -1.97 and a beta of 1.88. The stock has a 50 day simple moving average of $3.98 and a 200 day simple moving average of $4.43. 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) earnings per share for the quarter, beating the consensus estimate 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. During the same period in the prior year, the firm earned ($0.09) earnings per share. AMC Entertainment’s revenue was down 4.1% on a year-over-year basis. As a group, sell-side analysts forecast that AMC Entertainment will post -1.41 EPS for the current year.

Institutional Trading of AMC Entertainment

Large investors have recently bought and sold shares of the company. KBC Group NV purchased a new position in shares of AMC Entertainment in the third quarter valued at $37,000. Creative Planning purchased a new position in shares of AMC Entertainment in the third quarter valued at $48,000. Amalgamated Bank grew its position in shares of AMC Entertainment by 31.5% in the third quarter. Amalgamated Bank now owns 11,568 shares of the company’s stock valued at $53,000 after purchasing an additional 2,771 shares in the last quarter. Burns Matteson Capital Management LLC bought a new stake in AMC Entertainment during the third quarter valued at $55,000. Finally, Traphagen Investment Advisors LLC bought a new stake in AMC Entertainment during the fourth quarter valued at $64,000. 28.80% of the stock is owned by hedge funds and other institutional investors.

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.