AMC Entertainment (NYSE:AMC) Upgraded by Zacks Research to Strong-Buy Rating

AMC Entertainment (NYSE:AMC) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

A number of other brokerages have also recently weighed in on AMC. Wedbush reiterated an “outperform” rating and set a $4.00 price target (up from $3.00) on shares of AMC Entertainment in a research note on Tuesday. Needham & Company LLC set a $3.50 price objective on shares of AMC Entertainment in a research note on Tuesday. Weiss Ratings cut shares of AMC Entertainment from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday. Wall Street Zen upgraded shares of AMC Entertainment from a “strong sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, B. Riley Financial reissued a “buy” rating on shares of AMC Entertainment in a report on Thursday, June 11th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $2.53.

AMC Entertainment Trading Down 9.5%

AMC stock opened at $2.23 on Monday. The company has a market capitalization of $1.99 billion, a P/E ratio of -2.08 and a beta of 2.08. AMC Entertainment has a twelve month low of $0.93 and a twelve month high of $3.55. The business has a 50 day simple moving average of $1.93 and a 200-day simple moving average of $1.56.

AMC Entertainment (NYSE:AMC) last announced its earnings results on Monday, July 20th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.17. The business had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Research analysts predict that AMC Entertainment will post -0.37 EPS for the current fiscal year.

Insider Activity at AMC Entertainment

In related news, CEO Adam M. Aron purchased 250,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The stock was purchased at an average cost of $1.38 per share, with a total value of $345,000.00. Following the completion of the acquisition, the chief executive officer directly owned 2,437,020 shares in the company, valued at $3,363,087.60. This trade represents a 11.43% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.43% of the stock is owned by company insiders.

Hedge Funds Weigh In On AMC Entertainment

Several institutional investors have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd lifted its stake in shares of AMC Entertainment by 3,100.8% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 225,685 shares of the company’s stock worth $352,000 after acquiring an additional 218,634 shares during the period. Hsbc Holdings PLC increased its stake in shares of AMC Entertainment by 74.1% during the fourth quarter. Hsbc Holdings PLC now owns 320,971 shares of the company’s stock worth $504,000 after acquiring an additional 136,610 shares during the period. SG Americas Securities LLC acquired a new position in shares of AMC Entertainment during the first quarter worth about $147,000. R Squared Ltd raised its holdings in AMC Entertainment by 349.7% during the first quarter. R Squared Ltd now owns 100,186 shares of the company’s stock worth $98,000 after purchasing an additional 77,906 shares in the last quarter. Finally, Alpine Global Management LLC purchased a new position in AMC Entertainment during the fourth quarter worth about $178,000. 28.80% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting AMC Entertainment

Here are the key news stories impacting AMC Entertainment this week:

• Positive Sentiment: AMC reported record quarterly revenue of $1.60 billion and an adjusted profit of $0.14 per share, both ahead of Wall Street expectations, signaling that the box-office recovery is translating into better-than-expected results. Article Title
• Positive Sentiment: Attendance rose sharply, helped by a strong slate of summer films including “The Odyssey,” which boosted ticket sales, food and beverage spending, and adjusted EBITDA to a record level. Article Title
• Positive Sentiment: Management said AMC is now “within sight” of generating positive free cash flow for a full year, while also highlighting debt reduction and improved operating momentum, which could support a longer-term turnaround view. Article Title
• Neutral Sentiment: AMC was added to the Zacks Rank #1 (Strong Buy) list, which may bolster sentiment, but this is more of a ratings-driven signal than a direct business catalyst. Article Title
• Neutral Sentiment: After the big earnings-driven rally, one report noted the stock retreating as the initial excitement around earnings and “The Odyssey” cooled, suggesting some near-term consolidation. Article Title

AMC Entertainment Company Profile

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.