AMC Entertainment (NYSE:AMC) Trading Up 9.8% – Time to Buy?

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) rose 9.8% on Friday . The company traded as high as $1.72 and last traded at $1.7350. Approximately 17,504,265 shares changed hands during trading, a decline of 48% from the average daily volume of 33,751,293 shares. The stock had previously closed at $1.58.

Analyst Upgrades and Downgrades

AMC has been the topic of a number of analyst reports. B. Riley Financial reiterated a “neutral” rating on shares of AMC Entertainment in a research report on Friday, April 17th. Weiss Ratings reiterated a “sell (e+)” rating on shares of AMC Entertainment in a research report on Monday, April 20th. Benchmark upgraded shares of AMC Entertainment from a “hold” rating to a “buy” rating and set a $2.50 price objective on the stock in a research report on Wednesday, May 6th. Citigroup boosted their price objective on shares of AMC Entertainment from $1.10 to $1.20 and gave the company a “sell” rating in a research report on Thursday, May 7th. Finally, Roth Mkm set a $1.50 price objective on shares of AMC Entertainment in a research report on Tuesday, May 19th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $2.24.

AMC Entertainment Trading Up 9.8%

The company has a market cap of $1.06 billion, a PE ratio of -1.64 and a beta of 2.14. The company’s 50 day moving average is $1.39 and its 200 day moving average is $1.56.

AMC Entertainment (NYSE:AMC) last posted its quarterly earnings results on Tuesday, May 5th. The company reported ($0.36) EPS for the quarter, missing the consensus estimate of ($0.32) by ($0.04). The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $979.19 million. During the same quarter in the previous year, the company earned ($0.58) earnings per share. AMC Entertainment’s revenue for the quarter was up 21.2% compared to the same quarter last year. Analysts expect that AMC Entertainment Holdings, Inc. will post -0.41 EPS for the current year.

Insider Transactions at AMC Entertainment

In other AMC Entertainment news, CEO Adam M. Aron bought 250,000 shares of the company’s stock in a transaction on Tuesday, May 19th. The shares were bought at an average cost of $1.38 per share, for a total transaction of $345,000.00. Following the acquisition, the chief executive officer directly owned 2,437,020 shares in the company, valued at approximately $3,363,087.60. The trade was a 11.43% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.43% of the stock is currently owned by insiders.

Institutional Trading of AMC Entertainment

A number of institutional investors have recently modified their holdings of AMC. Jones Financial Companies Lllp boosted its holdings in shares of AMC Entertainment by 761.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 8,480 shares of the company’s stock valued at $25,000 after buying an additional 7,496 shares in the last quarter. Triumph Capital Management raised its position in shares of AMC Entertainment by 139.0% in the 4th quarter. Triumph Capital Management now owns 19,000 shares of the company’s stock valued at $30,000 after purchasing an additional 11,050 shares during the last quarter. Royal Bank of Canada raised its position in AMC Entertainment by 90.7% during the 1st quarter. Royal Bank of Canada now owns 33,657 shares of the company’s stock worth $33,000 after buying an additional 16,011 shares during the last quarter. Pitcairn Co. purchased a new position in AMC Entertainment during the 2nd quarter worth approximately $34,000. Finally, Powell Investment Advisors LLC purchased a new position in AMC Entertainment during the 4th quarter worth approximately $39,000. 28.80% of the stock is currently owned by institutional investors.

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.