AMC Entertainment (NYSE:AMC) Releases Earnings Results, Misses Estimates By $0.09 EPS

AMC Entertainment (NYSE:AMC) issued its earnings results on Monday. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.09), FiscalAI reports. The business had revenue of $1.29 billion during the quarter.

AMC Entertainment Stock Performance

Shares of NYSE:AMC opened at $1.20 on Monday. The stock’s 50-day moving average is $1.53 and its 200-day moving average is $2.27. The company has a market cap of $614.10 million, a P/E ratio of -0.85 and a beta of 1.77. AMC Entertainment has a 52-week low of $1.19 and a 52-week high of $4.08.

Wall Street Analysts Forecast Growth

AMC has been the topic of a number of research reports. Citigroup restated a “sell” rating and issued a $1.30 price objective (down previously from $2.30) on shares of AMC Entertainment in a report on Monday, January 12th. Macquarie Infrastructure cut their target price on AMC Entertainment from $3.00 to $2.00 and set a “neutral” rating on the stock in a report on Thursday, January 15th. Weiss Ratings reiterated a “sell (e+)” rating on shares of AMC Entertainment in a research note on Wednesday, January 21st. Zacks Research downgraded AMC Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 7th. Finally, Wall Street Zen lowered AMC Entertainment from a “hold” rating to a “strong sell” rating in a report on Saturday, November 8th. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $2.66.

Institutional Trading of AMC Entertainment

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Triumph Capital Management lifted its holdings in shares of AMC Entertainment by 139.0% during the fourth quarter. Triumph Capital Management now owns 19,000 shares of the company’s stock worth $30,000 after buying an additional 11,050 shares during the last quarter. Pitcairn Co. acquired a new stake in shares of AMC Entertainment in the second quarter worth $34,000. Corient Private Wealth LLC bought a new position in AMC Entertainment during the fourth quarter worth $41,000. One Capital Management LLC acquired a new position in AMC Entertainment during the 3rd quarter valued at $44,000. Finally, Caitong International Asset Management Co. Ltd raised its stake in AMC Entertainment by 314.5% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 29,228 shares of the company’s stock valued at $46,000 after purchasing an additional 22,177 shares during the last quarter. Institutional investors and hedge funds own 28.80% of the company’s stock.

About AMC Entertainment

AMC Entertainment Holdings, Inc operates as a leading movie exhibition company, specializing in the presentation of theatrical motion pictures across a network of multiplex cinemas. The company’s core business activities encompass ticket sales, concession and refreshment services, and the licensing of premium viewing formats. AMC offers a variety of auditorium experiences, including IMAX®, Dolby Cinema™, and Cinemark’s RealD 3D systems, designed to enhance audience engagement through superior sound, visual clarity, and seating comfort.

Originally founded in 1920 with its first theatre in Kansas City, AMC has evolved into one of the largest theater chains in the world.