AMC Entertainment (NYSE:AMC) Upgraded by Roth Mkm to Neutral Rating

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

Other equities research analysts have also recently issued reports about the stock. B. Riley dropped their target price on shares of AMC Entertainment from $8.00 to $6.00 and set a "neutral" rating for the company in a research report on Thursday, November 7th. StockNews.com upgraded shares of AMC Entertainment to a "sell" rating in a report on Tuesday, November 12th. Macquarie reaffirmed an "underperform" rating and set a $4.00 price objective on shares of AMC Entertainment in a research report on Wednesday, November 13th. Finally, Benchmark reissued a "hold" rating on shares of AMC Entertainment in a research report on Thursday, November 7th. Four research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $5.08.

AMC Entertainment Price Performance

AMC traded up $0.01 during midday trading on Tuesday, reaching $3.11. 6,115,553 shares of the company's stock traded hands, compared to its average volume of 10,537,182. AMC Entertainment has a 52 week low of $2.38 and a 52 week high of $11.88. The firm has a fifty day moving average of $3.91 and a two-hundred day moving average of $4.42. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of -1.93 and a beta of 1.88.

AMC Entertainment (NYSE:AMC - Get Free Report) last announced its earnings results on Wednesday, November 6th. The company reported ($0.04) EPS for the quarter, beating analysts' consensus estimates of ($0.07) by $0.03. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.33 billion. AMC Entertainment's revenue was down 4.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.09) EPS. Sell-side analysts forecast that AMC Entertainment will post -1.41 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its holdings in shares of AMC Entertainment by 12.1% during the third quarter. Geode Capital Management LLC now owns 8,047,182 shares of the company's stock valued at $36,622,000 after acquiring an additional 866,757 shares in the last quarter. State Street Corp grew its position in AMC Entertainment by 14.6% during the 3rd quarter. State Street Corp now owns 7,353,442 shares of the company's stock valued at $33,458,000 after purchasing an additional 936,618 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in AMC Entertainment by 8.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,032,519 shares of the company's stock valued at $16,049,000 after purchasing an additional 327,019 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in AMC Entertainment by 431.5% in the third quarter. JPMorgan Chase & Co. now owns 1,182,049 shares of the company's stock worth $5,378,000 after buying an additional 959,642 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of AMC Entertainment by 1.9% in the fourth quarter. Bank of New York Mellon Corp now owns 947,788 shares of the company's stock worth $3,772,000 after buying an additional 17,371 shares in the last quarter. Hedge funds and other institutional investors own 28.80% of the company's stock.

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.