Roth Mkm Upgrades AMC Entertainment (NYSE:AMC) to "Neutral"

Roth Mkm upgraded shares of AMC Entertainment (NYSE:AMC - Free Report) from a sell rating to a neutral rating in a research note published on Tuesday morning, MarketBeat.com reports. Roth Mkm currently has $3.25 price objective on the stock, down from their prior price objective of $4.00.

A number of other brokerages have also recently weighed in on AMC. StockNews.com raised shares of AMC Entertainment to a "sell" rating in a research report on Tuesday, November 12th. Benchmark reissued a "hold" rating on shares of AMC Entertainment in a report on Thursday, November 7th. 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 note on Thursday, November 7th. Finally, Macquarie reaffirmed an "underperform" rating and set a $4.00 price target on shares of AMC Entertainment in a research report on Wednesday, November 13th. Four analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat, AMC Entertainment currently has a consensus rating of "Hold" and a consensus target price of $5.08.

AMC Entertainment Stock Performance

Shares of AMC traded up $0.01 during midday trading on Tuesday, hitting $3.11. The company had a trading volume of 6,115,553 shares, compared to its average volume of 10,363,593. The company's 50-day simple moving average is $3.87 and its 200-day simple moving average is $4.40. AMC Entertainment has a 1 year low of $2.38 and a 1 year high of $11.88. The firm has a market capitalization of $1.17 billion, a P/E ratio of -1.93 and a beta of 1.88.

AMC Entertainment (NYSE:AMC - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported ($0.04) EPS for the quarter, beating analysts' consensus estimates of ($0.07) by $0.03. The firm had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.33 billion. The company's revenue for the quarter was down 4.1% on a year-over-year basis. During the same period in the prior year, the company posted ($0.09) earnings per share. Equities analysts predict that AMC Entertainment will post -1.38 earnings per share for the current fiscal year.

Hedge Funds Weigh In On AMC Entertainment

A number of hedge funds and other institutional investors have recently bought and sold shares of AMC. KBC Group NV acquired a new stake in shares of AMC Entertainment in the 3rd quarter worth $37,000. Creative Planning acquired a new stake in AMC Entertainment in the third quarter valued at about $48,000. Amalgamated Bank boosted its holdings in AMC Entertainment by 31.5% in the 3rd 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 acquired a new position in AMC Entertainment during the 3rd quarter worth approximately $55,000. Finally, Traphagen Investment Advisors LLC purchased a new position in shares of AMC Entertainment during the 4th quarter worth approximately $64,000. 28.80% of the stock is currently 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.