AMC Entertainment (NYSE:AMC) was upgraded by stock analysts at TheStreet from a “d+” rating to a “c-” rating in a report released on Monday.
Several other brokerages have also recently weighed in on AMC. B. Riley reaffirmed a “buy” rating and issued a $30.00 price target on shares of AMC Entertainment in a research report on Monday, January 22nd. Wedbush set a $19.00 price target on shares of AMC Entertainment and gave the company a “buy” rating in a research report on Tuesday, February 20th. Zacks Investment Research cut shares of AMC Entertainment from a “buy” rating to a “hold” rating in a research report on Tuesday, January 23rd. Finally, Royal Bank of Canada cut shares of 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 given a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $23.04.
AMC Entertainment (NYSE:AMC) opened at $14.75 on Monday. The stock has a market cap of $1,999.80, a PE ratio of -3.93, a PEG ratio of 9.07 and a beta of 0.84. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 2.27. AMC Entertainment has a 1 year low of $10.80 and a 1 year high of $32.10.
Several institutional investors have recently bought and sold shares of AMC. Advisor Group Inc. lifted its position in shares of AMC Entertainment by 445.3% during the 4th quarter. Advisor Group Inc. now owns 9,380 shares of the company’s stock worth $141,000 after buying an additional 7,660 shares in the last quarter. Deprince Race & Zollo Inc. bought a new position in shares of AMC Entertainment during the 4th quarter worth approximately $151,000. Pitcairn Co. bought a new position in shares of AMC Entertainment during the 4th quarter worth approximately $238,000. Two Sigma Securities LLC bought a new position in shares of AMC Entertainment during the 4th quarter worth approximately $238,000. Finally, Teacher Retirement System of Texas bought a new position in shares of AMC Entertainment during the 4th quarter worth approximately $275,000. 43.33% of the stock is currently 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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