AMC Entertainment (NYSE:AMC) Shares Up 4% - Still a Buy?

AMC Entertainment Holdings, Inc. (NYSE:AMC - Get Free Report)'s stock price shot up 4% during trading on Tuesday . The stock traded as high as $3.28 and last traded at $3.30. 1,202,840 shares traded hands during trading, a decline of 88% from the average session volume of 10,043,118 shares. The stock had previously closed at $3.17.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on AMC. Roth Mkm upgraded shares of AMC Entertainment from a "sell" rating to a "neutral" rating and cut their price objective for the stock from $4.00 to $3.25 in a report on Tuesday, February 4th. Macquarie restated an "underperform" rating and issued a $4.00 price target on shares of AMC Entertainment in a research note on Wednesday, November 13th. StockNews.com upgraded AMC Entertainment to a "sell" rating in a research note on Friday. Benchmark reissued a "hold" rating on shares of AMC Entertainment in a report on Thursday, November 7th. Finally, Roth Capital upgraded AMC Entertainment from a "strong sell" rating to a "hold" rating in a report on Tuesday, February 4th. Four research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat, AMC Entertainment presently has an average rating of "Hold" and an average price target of $5.08.

AMC Entertainment Stock Performance

The stock has a fifty day simple moving average of $3.72 and a 200 day simple moving average of $4.33. The firm has a market cap of $1.34 billion, a P/E ratio of -2.21 and a beta of 1.88.

Institutional Investors Weigh In On AMC Entertainment

Several large investors have recently bought and sold shares of AMC. Amalgamated Bank raised its position in shares of AMC Entertainment by 31.5% during 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 during the period. Private Advisor Group LLC lifted its position in shares of AMC Entertainment by 27.5% in the third quarter. Private Advisor Group LLC now owns 15,011 shares of the company's stock valued at $68,000 after acquiring an additional 3,237 shares in the last quarter. Skandinaviska Enskilda Banken AB publ boosted its stake in shares of AMC Entertainment by 68.3% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 15,947 shares of the company's stock worth $63,000 after acquiring an additional 6,473 shares during the period. MetLife Investment Management LLC boosted its stake in shares of AMC Entertainment by 3.7% in the fourth quarter. MetLife Investment Management LLC now owns 199,886 shares of the company's stock worth $796,000 after acquiring an additional 7,060 shares during the period. Finally, Victory Capital Management Inc. raised its stake in AMC Entertainment by 20.1% during the 3rd quarter. Victory Capital Management Inc. now owns 45,711 shares of the company's stock valued at $208,000 after purchasing an additional 7,661 shares during the period. 28.80% of the stock is currently owned by institutional investors.

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.