AMC Entertainment (NYSE:AMC) Shares Up 4% – What’s Next?

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) were up 4% during trading on Tuesday . The company traded as high as $3.28 and last traded at $3.30. Approximately 1,202,840 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 10,043,118 shares. The stock had previously closed at $3.17.

Analyst Ratings Changes

A number of equities research analysts have weighed in on AMC shares. Macquarie restated an “underperform” rating and set a $4.00 price target on shares of AMC Entertainment in a research report on Wednesday, November 13th. Roth Capital upgraded AMC Entertainment from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 4th. B. Riley reduced their price target on shares of AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. StockNews.com raised shares of AMC Entertainment to a “sell” rating in a research note on Tuesday, November 12th. Finally, Benchmark reaffirmed a “hold” rating on shares of AMC Entertainment in a 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 stock. According to MarketBeat, AMC Entertainment presently has an average rating of “Hold” and an average target price of $5.08.

AMC Entertainment Stock Up 3.6 %

The firm has a market capitalization of $1.23 billion, a PE ratio of -2.04 and a beta of 1.88. The company’s fifty day simple moving average is $3.87 and its 200 day simple moving average is $4.39.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of AMC. Amalgamated Bank raised its position in shares of AMC Entertainment by 31.5% in the 3rd quarter. Amalgamated Bank now owns 11,568 shares of the company’s stock worth $53,000 after purchasing an additional 2,771 shares during the last quarter. Private Advisor Group LLC raised its stake 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 worth $68,000 after purchasing an additional 3,237 shares during the last quarter. Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of AMC Entertainment by 68.3% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 15,947 shares of the company’s stock valued at $63,000 after acquiring an additional 6,473 shares during the last quarter. 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 buying an additional 7,661 shares during the last quarter. Finally, Waldron Private Wealth LLC boosted its position in AMC Entertainment by 47.5% in the third quarter. Waldron Private Wealth LLC now owns 25,173 shares of the company’s stock worth $115,000 after purchasing an additional 8,102 shares during the last quarter. 28.80% of the stock is owned by hedge funds and other 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.