AMC Entertainment (NYSE:AMC) was upgraded by equities research analysts at TheStreet from a “d+” rating to a “c-” rating in a report released on Monday.
Several other brokerages have also recently issued reports on AMC. Zacks Investment Research cut AMC Entertainment from a “hold” rating to a “sell” rating in a research report on Monday. B. Riley reaffirmed a “buy” rating and set a $27.50 target price (down previously from $30.00) on shares of AMC Entertainment in a research report on Friday, March 2nd. Wedbush set a $19.00 target price on AMC Entertainment and gave the company a “buy” rating in a research report on Tuesday, February 20th. Finally, Royal Bank of Canada cut AMC Entertainment from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, January 10th. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. AMC Entertainment currently has an average rating of “Hold” and an average price target of $23.04.
Shares of AMC Entertainment (AMC) opened at $14.75 on Monday. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 2.27. The stock has a market capitalization of $1,999.80, a price-to-earnings ratio of -3.93, a price-to-earnings-growth ratio of 9.07 and a beta of 0.84. AMC Entertainment has a 52-week low of $10.80 and a 52-week high of $32.10.
Several institutional investors have recently bought and sold shares of AMC. State Street Corp boosted its position in shares of AMC Entertainment by 7.1% in the 2nd quarter. State Street Corp now owns 1,033,328 shares of the company’s stock worth $23,504,000 after purchasing an additional 68,098 shares in the last quarter. Aperio Group LLC acquired a new stake in shares of AMC Entertainment in the 3rd quarter worth $440,000. BNP Paribas Arbitrage SA boosted its position in shares of AMC Entertainment by 211.5% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 22,142 shares of the company’s stock worth $325,000 after purchasing an additional 15,033 shares in the last quarter. New York State Common Retirement Fund boosted its position in shares of AMC Entertainment by 302.9% in the 3rd quarter. New York State Common Retirement Fund now owns 318,297 shares of the company’s stock worth $4,679,000 after purchasing an additional 239,297 shares in the last quarter. Finally, Lapides Asset Management LLC acquired a new stake in shares of AMC Entertainment in the 3rd quarter worth $2,278,000. 43.33% of the stock is owned by hedge funds and other institutional investors.
AMC Entertainment Company Profile
AMC Entertainment Holdings, Inc is a holding company. The Company, through its subsidiaries, including AMC Entertainment Inc (AMCE), American Multi-Cinema, Inc (OpCo) and its subsidiaries, is engaged in the theatrical exhibition business. It operates through theatrical exhibition operations segment. It licenses first-run motion pictures from distributors owned by film production companies and from independent distributors.
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