AMC Entertainment’s (AMC) “Hold” Rating Reiterated at Benchmark

Benchmark reissued their hold rating on shares of AMC Entertainment (NYSE:AMC) in a research report sent to investors on Monday morning,Benzinga reports.

A number of other research analysts have also recently issued reports on AMC. StockNews.com raised AMC Entertainment to a “sell” rating in a research note on Saturday, February 22nd. Roth Mkm upgraded AMC Entertainment from a “sell” rating to a “neutral” rating and cut their price target for the company from $4.00 to $3.25 in a report on Tuesday, February 4th. Macquarie restated a “neutral” rating and issued a $4.00 price target on shares of AMC Entertainment in a report on Wednesday, February 26th. Roth Capital set a $3.25 price target on AMC Entertainment in a report on Tuesday, February 4th. Finally, B. Riley cut their price target on AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Three equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $4.81.

AMC Entertainment Trading Down 7.0 %

NYSE:AMC opened at $3.07 on Monday. AMC Entertainment has a 1 year low of $2.38 and a 1 year high of $11.88. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of -1.91 and a beta of 1.88. The stock has a 50-day moving average price of $3.53 and a two-hundred day moving average price of $4.20.

Institutional Trading of AMC Entertainment

Institutional investors and hedge funds have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. raised its holdings in AMC Entertainment by 153.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,705,500 shares of the company’s stock worth $16,860,000 after acquiring an additional 2,243,052 shares in the last quarter. Virtu Financial LLC bought a new stake in AMC Entertainment in the third quarter valued at approximately $893,000. Geode Capital Management LLC raised its stake in AMC Entertainment by 12.1% in the third quarter. Geode Capital Management LLC now owns 8,047,182 shares of the company’s stock valued at $36,622,000 after buying an additional 866,757 shares during the period. Sanctuary Advisors LLC bought a new stake in AMC Entertainment in the third quarter valued at approximately $72,000. Finally, KBC Group NV raised its stake in AMC Entertainment by 7,771.5% in the fourth quarter. KBC Group NV now owns 648,141 shares of the company’s stock valued at $2,580,000 after buying an additional 639,907 shares during the period. 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.