StockNews.com Upgrades AMC Entertainment (NYSE:AMC) to “Sell”

AMC Entertainment (NYSE:AMC) was upgraded by stock analysts at StockNews.com to a “sell” rating in a note issued to investors on Saturday.

Other research analysts have also recently issued research reports about the company. Benchmark restated a “hold” rating on shares of AMC Entertainment in a research note on Thursday, November 7th. Roth Mkm upgraded AMC Entertainment from a “sell” rating to a “neutral” rating and lowered their target price for the company from $4.00 to $3.25 in a research note on Tuesday, February 4th. Roth Capital upgraded AMC Entertainment from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 4th. B. Riley lowered their target price 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. Finally, Macquarie restated an “underperform” rating and issued a $4.00 target price on shares of AMC Entertainment in a research note on Wednesday, November 13th. 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 an average rating of “Hold” and an average price target of $4.81.

AMC Entertainment Stock Down 1.6 %

AMC opened at $3.44 on Friday. The stock has a market cap of $1.29 billion, a PE ratio of -2.13 and a beta of 1.88. The business has a 50 day moving average of $3.64 and a 200-day moving average of $4.28. AMC Entertainment has a 52 week low of $2.38 and a 52 week high of $11.88.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AMC. Amalgamated Bank increased its holdings 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 in the last quarter. Private Advisor Group LLC increased its holdings in shares of AMC Entertainment by 27.5% in the 3rd 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 in the last quarter. Tidal Investments LLC increased its holdings in shares of AMC Entertainment by 15.7% in the 4th quarter. Tidal Investments LLC now owns 28,581 shares of the company’s stock worth $114,000 after purchasing an additional 3,885 shares in the last quarter. State of Wyoming grew its holdings in shares of AMC Entertainment by 10.8% in 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, Skandinaviska Enskilda Banken AB publ grew its holdings 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. Institutional investors 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.