AMC Entertainment (NYSE:AMC) Upgraded at StockNews.com

StockNews.com upgraded shares of AMC Entertainment (NYSE:AMC) to a sell rating in a research note issued to investors on Tuesday.

Several other research firms have also commented on AMC. 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 report on Thursday, November 7th. Morgan Stanley decreased their target price on shares of AMC Entertainment from $11.00 to $10.00 and set an “underweight” rating for the company in a research report on Monday, August 12th. Wedbush reiterated a “neutral” rating and set a $4.00 target price on shares of AMC Entertainment in a research note on Monday, August 5th. Finally, Benchmark reissued a “hold” rating on shares of AMC Entertainment in a report on Thursday, November 7th. Four equities research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $5.44.

AMC Entertainment Trading Down 0.2 %

Shares of AMC stock traded down $0.01 during midday trading on Tuesday, hitting $4.56. The company had a trading volume of 2,036,030 shares, compared to its average volume of 25,994,420. The company’s 50 day simple moving average is $4.49 and its 200 day simple moving average is $4.69. AMC Entertainment has a 52-week low of $2.38 and a 52-week high of $11.88.

AMC Entertainment (NYSE:AMC) last released its quarterly earnings results on Wednesday, November 6th. The company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.03. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period last year, the firm earned ($0.09) earnings per share. The business’s revenue was down 4.1% compared to the same quarter last year. Equities analysts forecast that AMC Entertainment will post -1.42 EPS for the current year.

Institutional Investors Weigh In On AMC Entertainment

Several hedge funds have recently added to or reduced their stakes in the business. KBC Group NV bought a new stake in AMC Entertainment in the third quarter valued at approximately $37,000. Skylands Capital LLC acquired a new position in shares of AMC Entertainment during the second quarter worth approximately $50,000. Creative Planning acquired a new position in shares of AMC Entertainment during the third quarter worth approximately $48,000. Amalgamated Bank raised its position in shares of AMC Entertainment by 31.5% during the third 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 period. Finally, Burns Matteson Capital Management LLC acquired a new position in shares of AMC Entertainment during the third quarter worth approximately $55,000. 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.