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 report issued on Tuesday.

A number of other equities research analysts have also recently weighed in on AMC. Morgan Stanley dropped their price target 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. B. Riley dropped their price target on shares of AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. Wedbush reiterated a “neutral” rating and set a $4.00 price target on shares of AMC Entertainment in a research report on Monday, August 5th. Finally, Benchmark reiterated a “hold” rating on shares of AMC Entertainment in a research report on Thursday, November 7th. Four investment analysts have rated the stock with a sell rating and three have given a hold rating to the stock. Based on data from MarketBeat.com, AMC Entertainment presently has a consensus rating of “Reduce” and an average price target of $5.44.

AMC Entertainment Stock Performance

Shares of NYSE:AMC traded up $0.08 during midday trading on Tuesday, hitting $4.57. The company’s stock had a trading volume of 19,388,057 shares, compared to its average volume of 26,196,553. The business’s 50 day simple moving average is $4.50 and its 200 day simple moving average is $4.68. The company has a market cap of $1.65 billion, a P/E ratio of -2.84 and a beta of 1.83. AMC Entertainment has a 12-month low of $2.38 and a 12-month high of $11.88.

AMC Entertainment (NYSE:AMC) last released its quarterly earnings data on Wednesday, November 6th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.03. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the previous year, the business posted ($0.09) earnings per share. AMC Entertainment’s revenue for the quarter was down 4.1% on a year-over-year basis. On average, sell-side analysts predict that AMC Entertainment will post -1.42 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Avantax Advisory Services Inc. increased its holdings in shares of AMC Entertainment by 56.3% in the 1st quarter. Avantax Advisory Services Inc. now owns 26,041 shares of the company’s stock valued at $97,000 after acquiring an additional 9,378 shares during the period. HBK Sorce Advisory LLC grew its stake in shares of AMC Entertainment by 61.9% during the 1st quarter. HBK Sorce Advisory LLC now owns 44,459 shares of the company’s stock worth $165,000 after purchasing an additional 17,000 shares during the period. Vanguard Group Inc. boosted its position in shares of AMC Entertainment by 22.9% in the 1st quarter. Vanguard Group Inc. now owns 24,804,669 shares of the company’s stock worth $92,273,000 after buying an additional 4,617,007 shares in the last quarter. Boulder Hill Capital Management LP purchased a new stake in shares of AMC Entertainment in the 1st quarter worth about $2,842,000. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of AMC Entertainment by 24.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 65,620 shares of the company’s stock worth $245,000 after buying an additional 12,975 shares in 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.