AMC Entertainment (NYSE:AMC) Upgraded at B. Riley

AMC Entertainment (NYSE:AMC - Get Free Report) was upgraded by investment analysts at B. Riley to a "hold" rating in a report released on Thursday,Zacks.com reports.

Other equities research analysts also recently issued research reports about the company. Roth Mkm dropped their target price on AMC Entertainment from $3.25 to $3.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Citigroup restated a "sell" rating and set a $2.30 target price (down previously from $2.80) on shares of AMC Entertainment in a research report on Thursday, April 24th. Benchmark restated a "hold" rating on shares of AMC Entertainment in a research report on Monday, March 3rd. StockNews.com upgraded AMC Entertainment to a "sell" rating in a report on Saturday, February 22nd. Finally, Macquarie reiterated a "neutral" rating and issued a $4.00 price objective on shares of AMC Entertainment in a report on Wednesday, February 26th. Three equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $4.22.

AMC Entertainment Stock Up 4.8%

AMC stock opened at $2.95 on Thursday. The company has a market cap of $1.27 billion, a P/E ratio of -1.83 and a beta of 1.41. AMC Entertainment has a twelve month low of $2.45 and a twelve month high of $5.96. The business has a fifty day moving average of $2.82 and a 200-day moving average of $3.53.

AMC Entertainment (NYSE:AMC - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported ($0.58) earnings per share for the quarter, topping analysts' consensus estimates of ($0.61) by $0.03. The firm had revenue of $862.50 million for the quarter, compared to the consensus estimate of $983.23 million. The company's revenue was down 9.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.62) EPS. As a group, equities research analysts anticipate that AMC Entertainment will post -1.38 earnings per share for the current fiscal year.

Institutional Investors Weigh In On AMC Entertainment

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in AMC Entertainment by 4.4% in the fourth quarter. Vanguard Group Inc. now owns 36,854,559 shares of the company's stock valued at $146,681,000 after acquiring an additional 1,558,554 shares during the period. KBC Group NV grew its stake in AMC Entertainment by 7,771.5% in the fourth quarter. KBC Group NV now owns 648,141 shares of the company's stock valued at $2,580,000 after acquiring an additional 639,907 shares during the period. KLP Kapitalforvaltning AS acquired a new position in AMC Entertainment in the fourth quarter valued at about $289,000. Susquehanna Fundamental Investments LLC acquired a new position in AMC Entertainment in the fourth quarter valued at about $1,191,000. Finally, Franklin Resources Inc. acquired a new position in AMC Entertainment in the third quarter valued at about $788,000. 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.

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