Roth Mkm Upgrades AMC Entertainment (NYSE:AMC) to “Neutral”

Roth Mkm upgraded shares of AMC Entertainment (NYSE:AMC) from a sell rating to a neutral rating in a research note released on Tuesday morning, Marketbeat Ratings reports. They currently have $3.25 target price on the stock, down from their previous target price of $4.00.

AMC has been the subject of a number of other research reports. StockNews.com raised AMC Entertainment to a “sell” rating in a research note on Tuesday, November 12th. Macquarie restated an “underperform” rating and set a $4.00 price target on shares of AMC Entertainment in a report on Wednesday, November 13th. Benchmark restated a “hold” rating on shares of AMC Entertainment in a report on Thursday, November 7th. Finally, B. Riley reduced 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. Four investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $5.08.

AMC Entertainment Stock Up 2.8 %

Shares of AMC stock opened at $3.17 on Tuesday. The business has a 50-day moving average price of $3.98 and a two-hundred day moving average price of $4.43. AMC Entertainment has a 12-month low of $2.38 and a 12-month high of $11.88. The firm has a market cap of $1.19 billion, a P/E ratio of -1.97 and a beta of 1.88.

AMC Entertainment (NYSE:AMC) last released its earnings results on Wednesday, November 6th. The company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.03. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same period last year, the firm posted ($0.09) EPS. The company’s revenue was down 4.1% on a year-over-year basis. As a group, research analysts expect that AMC Entertainment will post -1.41 EPS for the current fiscal year.

Institutional Investors Weigh In On AMC Entertainment

Institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC grew its position in shares of AMC Entertainment by 12.1% during the third quarter. Geode Capital Management LLC now owns 8,047,182 shares of the company’s stock valued at $36,622,000 after purchasing an additional 866,757 shares in the last quarter. State Street Corp grew its position in shares of AMC Entertainment by 14.6% during the third quarter. State Street Corp now owns 7,353,442 shares of the company’s stock valued at $33,458,000 after purchasing an additional 936,618 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of 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 valued at $16,860,000 after purchasing an additional 2,243,052 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of AMC Entertainment by 431.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,182,049 shares of the company’s stock valued at $5,378,000 after acquiring an additional 959,642 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of AMC Entertainment by 1.9% in the 4th quarter. Bank of New York Mellon Corp now owns 947,788 shares of the company’s stock valued at $3,772,000 after acquiring an additional 17,371 shares during the last quarter. Hedge funds and other 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.