AMC Entertainment (NYSE:AMC) Receives "Sell (E+)" Rating from Weiss Ratings

Key Points

• AMC Entertainment has received a "sell (E+)" rating from Weiss Ratings, reflecting ongoing concerns regarding its stock performance.
• The company’s average stock rating is noted as "Reduce," with a consensus target price of $3.33.
• Institutional investors currently hold approximately 28.80% of AMC's stock, suggesting significant interest from larger investment firms.

AMC Entertainment (NYSE:AMC - Get Free Report)'s stock had its "sell (e+)" rating reissued by research analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Several other analysts have also recently commented on AMC. Citigroup upped their target price on shares of AMC Entertainment from $2.60 to $2.70 and gave the company a "sell" rating in a research report on Tuesday, August 19th. Wall Street Zen raised shares of AMC Entertainment from a "strong sell" rating to a "hold" rating in a research note on Saturday, August 16th. Finally, Wedbush upgraded shares of AMC Entertainment from a "neutral" rating to an "outperform" rating and increased their price objective for the stock from $3.00 to $4.00 in a research note on Friday, July 11th. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Reduce" and a consensus target price of $3.33.

AMC Entertainment Price Performance

Shares of AMC traded down $0.03 on Wednesday, hitting $2.82. The company's stock had a trading volume of 8,253,493 shares, compared to its average volume of 11,242,929. The company has a market capitalization of $1.44 billion, a PE ratio of -3.16 and a beta of 1.25. AMC Entertainment has a fifty-two week low of $2.45 and a fifty-two week high of $5.56. The company has a 50 day moving average price of $2.89 and a 200 day moving average price of $2.97.

Hedge Funds Weigh In On AMC Entertainment

Several institutional investors have recently made changes to their positions in the stock. Total Investment Management Inc. bought a new stake in shares of AMC Entertainment during the second quarter worth about $27,000. Sovereign Financial Group Inc. bought a new position in shares of AMC Entertainment during the 2nd quarter valued at approximately $32,000. Ground Swell Capital LLC purchased a new stake in shares of AMC Entertainment during the 1st quarter valued at approximately $30,000. CFO4Life Group LLC purchased a new stake in shares of AMC Entertainment during the 2nd quarter valued at approximately $33,000. Finally, Pitcairn Co. purchased a new stake in shares of AMC Entertainment during the 2nd quarter valued at approximately $34,000. Institutional investors and hedge funds 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.

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