AMC Entertainment (NYSE:AMC) Stock Price Up 5.8% – What’s Next?

AMC Entertainment Holdings, Inc. (NYSE:AMC) shares traded up 5.8% during trading on Monday . The stock traded as high as $2.94 and last traded at $2.81. 6,587,852 shares were traded during trading, a decline of 72% from the average session volume of 23,601,587 shares. The stock had previously closed at $2.65.

Analyst Ratings Changes

A number of research firms have recently issued reports on AMC. Benchmark reissued a “hold” rating on shares of AMC Entertainment in a research report on Monday, March 3rd. Macquarie restated a “neutral” rating and set a $4.00 price objective on shares of AMC Entertainment in a research note on Wednesday, February 26th. StockNews.com upgraded shares of AMC Entertainment to a “sell” rating in a report on Saturday, February 22nd. Roth Capital set a $3.25 price target on shares of AMC Entertainment in a report on Tuesday, February 4th. Finally, Citigroup reduced their price objective on shares of AMC Entertainment from $2.90 to $2.80 and set a “sell” rating for the company in a research note on Friday, March 7th. 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 stock presently has a consensus rating of “Hold” and a consensus target price of $4.76.

AMC Entertainment Trading Up 9.8 %

The firm has a market cap of $1.26 billion, a PE ratio of -1.81 and a beta of 1.64. The company has a 50-day simple moving average of $3.10 and a 200 day simple moving average of $3.84.

Institutional Trading of AMC Entertainment

Several institutional investors have recently bought and sold shares of the business. Legacy Financial Strategies LLC purchased a new stake in AMC Entertainment in the 1st quarter worth $29,000. Sterling Capital Management LLC increased its stake in shares of AMC Entertainment by 831.5% during the fourth quarter. Sterling Capital Management LLC now owns 10,843 shares of the company’s stock worth $43,000 after purchasing an additional 9,679 shares in the last quarter. Skandinaviska Enskilda Banken AB publ raised its position in shares of AMC Entertainment by 68.3% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 15,947 shares of the company’s stock worth $63,000 after purchasing an additional 6,473 shares during the last quarter. Traphagen Investment Advisors LLC purchased a new position in AMC Entertainment in the 4th quarter valued at about $64,000. Finally, Sanctuary Advisors LLC acquired a new stake in AMC Entertainment in the 3rd quarter worth about $72,000. 28.80% of the stock is owned by institutional investors and hedge funds.

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.