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

AMC Entertainment (NYSE:AMC - Get Free Report) was upgraded by B. Riley to a "hold" rating in a note issued to investors on Thursday, May 15th,Zacks.com reports.

Several other brokerages have also commented on AMC. Wall Street Zen upgraded shares of AMC Entertainment to a "sell" rating in a research note on Saturday, February 22nd. Roth Capital set a $3.25 price objective on AMC Entertainment in a report on Tuesday, February 4th. Macquarie reissued a "neutral" rating and issued a $4.00 target price on shares of AMC Entertainment in a report on Wednesday, February 26th. Benchmark restated a "hold" rating on shares of AMC Entertainment in a research note on Monday, March 3rd. Finally, Roth Mkm cut their price target on AMC Entertainment from $3.25 to $3.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. Three equities research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $4.22.

AMC Entertainment Price Performance

Shares of NYSE AMC traded up $0.21 during midday trading on Thursday, hitting $3.14. 10,663,937 shares of the company's stock were exchanged, compared to its average volume of 15,275,191. The firm's fifty day simple moving average is $2.82 and its 200-day simple moving average is $3.50. The company has a market cap of $1.35 billion, a PE ratio of -1.94 and a beta of 1.41. AMC Entertainment has a twelve month low of $2.45 and a twelve month high of $5.96.

AMC Entertainment (NYSE:AMC - Get Free Report) last released its quarterly earnings data 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 company had revenue of $862.50 million for the quarter, compared to analyst estimates of $983.23 million. The firm's revenue for the quarter was down 9.3% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.62) EPS. Equities analysts anticipate that AMC Entertainment will post -1.38 EPS for the current fiscal year.

Hedge Funds Weigh In On AMC Entertainment

Several institutional investors have recently added to or reduced their stakes in AMC. Franklin Resources Inc. purchased a new position in shares of AMC Entertainment in the 3rd quarter valued at approximately $788,000. Traphagen Investment Advisors LLC acquired a new stake in shares of AMC Entertainment during the fourth quarter worth $64,000. KBC Group NV lifted its holdings in shares of AMC Entertainment by 7,771.5% during the fourth quarter. KBC Group NV now owns 648,141 shares of the company's stock worth $2,580,000 after purchasing an additional 639,907 shares during the period. Rhumbline Advisers grew its position in AMC Entertainment by 3.4% in the 4th quarter. Rhumbline Advisers now owns 511,171 shares of the company's stock valued at $2,034,000 after buying an additional 16,675 shares during the last quarter. Finally, New York State Common Retirement Fund increased its stake in AMC Entertainment by 15.1% in the 4th quarter. New York State Common Retirement Fund now owns 92,418 shares of the company's stock valued at $368,000 after buying an additional 12,100 shares during the period. Institutional investors and hedge funds own 28.80% of the company's stock.

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.