AMC Entertainment (NYSE:AMC) Upgraded by StockNews.com to "Sell" Rating

AMC Entertainment (NYSE:AMC - Get Free Report) was upgraded by stock analysts at StockNews.com to a "sell" rating in a research note issued on Friday.

A number of other brokerages have also recently issued reports on AMC. Roth Mkm raised shares of AMC Entertainment from a "sell" rating to a "neutral" rating and reduced their target price for the company from $4.00 to $3.25 in a research report on Tuesday, February 4th. Benchmark reissued a "hold" rating on shares of AMC Entertainment in a research report on Thursday, November 7th. Roth Capital raised shares of AMC Entertainment from a "strong sell" rating to a "hold" rating in a research report on Tuesday, February 4th. 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, B. Riley cut their price objective 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. Four research analysts have rated the stock with a sell rating and five have given a hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $5.08.

AMC Entertainment Stock Up 4.1 %

Shares of AMC Entertainment stock traded up $0.15 during trading on Friday, reaching $3.70. The company's stock had a trading volume of 12,783,102 shares, compared to its average volume of 10,937,978. The business's 50-day moving average price is $3.70 and its 200-day moving average price is $4.32. The firm has a market cap of $1.39 billion, a PE ratio of -2.30 and a beta of 1.88. AMC Entertainment has a 52 week low of $2.38 and a 52 week high of $11.88.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in AMC Entertainment by 4.4% during the fourth quarter. Vanguard Group Inc. now owns 36,854,559 shares of the company's stock worth $146,681,000 after acquiring an additional 1,558,554 shares in the last quarter. Geode Capital Management LLC raised its stake in AMC Entertainment by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 8,271,059 shares of the company's stock worth $32,927,000 after acquiring an additional 223,877 shares in the last quarter. State Street Corp raised its stake in AMC Entertainment by 14.6% during the third quarter. State Street Corp now owns 7,353,442 shares of the company's stock worth $33,458,000 after acquiring an additional 936,618 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in AMC Entertainment by 8.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,032,519 shares of the company's stock worth $16,049,000 after acquiring an additional 327,019 shares in the last quarter. Finally, Northern Trust Corp raised its stake in AMC Entertainment by 12.6% during the fourth quarter. Northern Trust Corp now owns 3,318,281 shares of the company's stock worth $13,207,000 after acquiring an additional 370,408 shares in the last quarter. Institutional investors and hedge funds 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.