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

AMC Entertainment (NYSE:AMC) was upgraded by equities researchers at Wall Street Zen from a “strong sell” rating to a “hold” rating in a research report issued on Saturday.

Other equities analysts also recently issued research reports about the company. Wedbush upgraded AMC Entertainment from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $3.00 to $4.00 in a research note on Friday, July 11th. Citigroup reissued a “sell” rating and set a $2.60 target price (up previously from $2.30) on shares of AMC Entertainment in a research report on Thursday, May 29th. Finally, B. Riley initiated coverage on shares of AMC Entertainment in a research report on Friday, May 16th. They set a “neutral” rating and a $3.00 target price on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, AMC Entertainment currently has an average rating of “Hold” and a consensus target price of $3.31.

AMC Entertainment Stock Performance

AMC stock opened at $3.01 on Friday. The company has a market capitalization of $1.30 billion, a P/E ratio of -3.38 and a beta of 1.49. AMC Entertainment has a 52-week low of $2.45 and a 52-week high of $5.56. The business has a 50-day simple moving average of $3.09 and a two-hundred day simple moving average of $3.05.

Hedge Funds Weigh In On AMC Entertainment

Several hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC raised its holdings in shares of AMC Entertainment by 245.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 43,740 shares of the company’s stock worth $136,000 after purchasing an additional 31,096 shares during the period. Man Group plc bought a new stake in shares of AMC Entertainment in the 2nd quarter worth approximately $1,800,000. Brevan Howard Capital Management LP bought a new stake in shares of AMC Entertainment in the 2nd quarter worth approximately $510,000. Balyasny Asset Management L.P. bought a new stake in shares of AMC Entertainment in the 2nd quarter worth approximately $428,000. Finally, California State Teachers Retirement System raised its holdings in shares of AMC Entertainment by 49.5% in the 2nd quarter. California State Teachers Retirement System now owns 518,219 shares of the company’s stock worth $1,606,000 after purchasing an additional 171,578 shares during the period. 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.