Roth Capital Upgrades AMC Entertainment (NYSE:AMC) to “Hold”

AMC Entertainment (NYSE:AMC) was upgraded by equities research analysts at Roth Capital from a “strong sell” rating to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

Other research analysts have also recently issued reports about the company. Macquarie reiterated an “underperform” rating and set a $4.00 price target on shares of AMC Entertainment in a research report on Wednesday, November 13th. Roth Mkm raised AMC Entertainment from a “sell” rating to a “neutral” rating and dropped their price objective for the company from $4.00 to $3.25 in a report on Tuesday. StockNews.com raised AMC Entertainment to a “sell” rating in a report on Tuesday, November 12th. B. Riley dropped their price objective on AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Finally, Benchmark reissued a “hold” rating on shares of AMC Entertainment in a report on Thursday, November 7th. Four investment analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $5.08.

AMC Entertainment Trading Up 2.8 %

Shares of AMC stock opened at $3.17 on Tuesday. The stock has a 50 day moving average of $3.98 and a 200 day moving average of $4.43. The stock has a market cap of $1.19 billion, a P/E ratio of -1.97 and a beta of 1.88. AMC Entertainment has a twelve month low of $2.38 and a twelve month high of $11.88.

AMC Entertainment (NYSE:AMC) last announced its quarterly earnings results on Wednesday, November 6th. The company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.03. The company had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.33 billion. The firm’s revenue was down 4.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.09) earnings per share. On average, research analysts predict that AMC Entertainment will post -1.41 earnings per share for the current fiscal year.

Institutional Trading of AMC Entertainment

A number of institutional investors have recently made changes to their positions in AMC. Charles Schwab Investment Management Inc. boosted its stake in shares of AMC Entertainment by 153.4% in 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 during the last quarter. JPMorgan Chase & Co. boosted its stake in AMC Entertainment by 431.5% during 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. State Street Corp boosted 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 buying an additional 936,618 shares during the last quarter. Geode Capital Management LLC boosted its stake in AMC Entertainment by 12.1% during the third quarter. Geode Capital Management LLC now owns 8,047,182 shares of the company’s stock worth $36,622,000 after buying an additional 866,757 shares during the last quarter. Finally, KBC Group NV boosted its stake in AMC Entertainment by 7,771.5% during the fourth quarter. KBC Group NV now owns 648,141 shares of the company’s stock worth $2,580,000 after buying an additional 639,907 shares during the last quarter. 28.80% of the stock is owned by institutional investors and hedge funds.

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.