AMC Entertainment (NYSE:AMC) Rating Increased to Sell at StockNews.com

StockNews.com upgraded shares of AMC Entertainment (NYSE:AMC - Free Report) to a sell rating in a research note released on Saturday morning.

A number of other research analysts have also recently commented on AMC. B. Riley dropped 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. Benchmark reissued a "hold" rating on shares of AMC Entertainment in a research note on Thursday, November 7th. Macquarie reaffirmed an "underperform" rating and issued a $4.00 price objective on shares of AMC Entertainment in a research note on Wednesday, November 13th. Roth Capital upgraded shares of AMC Entertainment from a "strong sell" rating to a "hold" rating in a research report on Tuesday, February 4th. Finally, Roth Mkm upgraded shares of AMC Entertainment from a "sell" rating to a "neutral" rating and decreased their price target for the company from $4.00 to $3.25 in a research report on Tuesday, February 4th. Four equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company's stock. Based on data from MarketBeat, AMC Entertainment has an average rating of "Hold" and an average price target of $4.81.

Remove Ads

AMC Entertainment Trading Up 2.9 %

NYSE AMC traded up $0.10 during trading on Friday, hitting $3.37. 6,854,906 shares of the company's stock were exchanged, compared to its average volume of 10,806,515. The company has a market cap of $1.26 billion, a PE ratio of -2.09 and a beta of 1.88. The stock's 50 day moving average price is $3.60 and its two-hundred day moving average price is $4.26. AMC Entertainment has a fifty-two week low of $2.38 and a fifty-two week high of $11.88.

Institutional Investors Weigh In On AMC Entertainment

A number of institutional investors and hedge funds have recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in AMC Entertainment by 46.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 545,441 shares of the company's stock valued at $2,171,000 after acquiring an additional 173,849 shares in the last quarter. Two Sigma Advisers LP lifted its position in shares of AMC Entertainment by 13.7% during the 4th quarter. Two Sigma Advisers LP now owns 81,568 shares of the company's stock worth $325,000 after buying an additional 9,847 shares in the last quarter. Tidal Investments LLC grew its holdings in shares of AMC Entertainment by 15.7% in the fourth quarter. Tidal Investments LLC now owns 28,581 shares of the company's stock valued at $114,000 after acquiring an additional 3,885 shares in the last quarter. State of Wyoming lifted its holdings in AMC Entertainment by 10.8% during the fourth quarter. State of Wyoming now owns 58,213 shares of the company's stock worth $232,000 after acquiring an additional 5,661 shares during the period. Finally, ProShare Advisors LLC grew its stake in AMC Entertainment by 53.6% in the 4th quarter. ProShare Advisors LLC now owns 98,259 shares of the company's stock valued at $391,000 after purchasing an additional 34,294 shares during the period. Institutional investors and hedge funds own 28.80% of the company's stock.

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.