AMC Entertainment (NYSE:AMC) Stock Rating Upgraded by Wall Street Zen

Key Points

• AMC Entertainment's stock rating was upgraded from a "strong sell" to a "hold" by Wall Street Zen, reflecting changing investor sentiment.
• Other analysts have also raised their ratings, with Wedbush upgrading AMC's status from "neutral" to "outperform" and raising the price target to $4.00.
• AMC's stock currently has an average rating of "Hold" with a consensus target price of $3.31, amidst significant activity from hedge funds altering their positions in the company.

Wall Street Zen upgraded shares of AMC Entertainment (NYSE:AMC - Free Report) from a strong sell rating to a hold rating in a research report report published on Saturday morning.

A number of other brokerages have also recently issued reports on AMC. B. Riley started coverage on shares of AMC Entertainment in a report on Friday, May 16th. They issued a "neutral" rating and a $3.00 target price on the stock. Citigroup reissued a "sell" rating and issued a $2.60 target price (up previously from $2.30) on shares of AMC Entertainment in a report on Thursday, May 29th. Finally, Wedbush raised shares of AMC Entertainment from a "neutral" rating to an "outperform" rating and raised their target price for the stock from $3.00 to $4.00 in a report on Friday, July 11th. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $3.33.

AMC Entertainment Price Performance

NYSE:AMC traded down $0.0450 during mid-day trading on Friday, reaching $2.8850. The stock had a trading volume of 6,372,476 shares, compared to its average volume of 10,780,200. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of -3.24 and a beta of 1.49. AMC Entertainment has a 1-year low of $2.45 and a 1-year high of $5.56. The stock's 50 day simple moving average is $3.08 and its two-hundred day simple moving average is $3.05.

Institutional Trading of AMC Entertainment

Large investors have recently added to or reduced their stakes in the business. Marshall Wace LLP boosted its stake in shares of AMC Entertainment by 17,925.0% during the 2nd quarter. Marshall Wace LLP now owns 11,998,516 shares of the company's stock worth $37,195,000 after acquiring an additional 11,931,950 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of AMC Entertainment by 16.2% during the 1st quarter. Vanguard Group Inc. now owns 42,815,896 shares of the company's stock worth $122,882,000 after acquiring an additional 5,961,337 shares in the last quarter. GMT Capital Corp bought a new stake in shares of AMC Entertainment during the 1st quarter worth $5,212,000. Geode Capital Management LLC boosted its stake in shares of AMC Entertainment by 10.6% during the 2nd quarter. Geode Capital Management LLC now owns 10,253,501 shares of the company's stock worth $31,790,000 after acquiring an additional 982,532 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in AMC Entertainment during the 1st quarter valued at $2,736,000. 28.80% of the stock is currently 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.