AMC Entertainment Holdings, Inc. (NYSE:AMC) Receives Average Recommendation of “Hold” from Analysts

AMC Entertainment Holdings, Inc. (NYSE:AMC) has been assigned an average rating of “Hold” from the eight ratings firms that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $2.24.

A number of equities research analysts have weighed in on AMC shares. Roth Mkm set a $1.50 price target on shares of AMC Entertainment in a research note on Tuesday, May 19th. Weiss Ratings upgraded shares of AMC Entertainment from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, June 23rd. Citigroup lifted their price target on shares of AMC Entertainment from $1.10 to $1.20 and gave the stock a “sell” rating in a research note on Thursday, May 7th. 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, Benchmark upgraded shares of AMC Entertainment from a “hold” rating to a “buy” rating and set a $2.50 price target on the stock in a research note on Wednesday, May 6th.

Insider Activity at AMC Entertainment

In other news, CEO Adam M. Aron bought 250,000 shares of AMC Entertainment stock in a transaction dated Tuesday, May 19th. The shares were bought at an average price of $1.38 per share, for a total transaction of $345,000.00. Following the purchase, the chief executive officer owned 2,437,020 shares of the company’s stock, valued at approximately $3,363,087.60. This trade represents a 11.43% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.43% of the company’s stock.

Institutional Investors Weigh In On AMC Entertainment

Institutional investors and hedge funds have recently made changes to their positions in the company. Pitcairn Co. acquired a new stake in shares of AMC Entertainment in the 2nd quarter valued at $34,000. One Capital Management LLC acquired a new stake in shares of AMC Entertainment in the 3rd quarter valued at $44,000. Swiss Life Asset Management Ltd boosted its stake in shares of AMC Entertainment by 59.5% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 17,512 shares of the company’s stock valued at $51,000 after purchasing an additional 6,536 shares in the last quarter. Triumph Capital Management boosted its stake 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 in the last quarter. Finally, Voleon Capital Management LP acquired a new stake in shares of AMC Entertainment in the 3rd quarter valued at $59,000. Institutional investors and hedge funds own 28.80% of the company’s stock.

AMC Entertainment Price Performance

AMC opened at $1.91 on Wednesday. AMC Entertainment has a fifty-two week low of $0.93 and a fifty-two week high of $3.60. The firm’s fifty day moving average price is $1.82 and its two-hundred day moving average price is $1.54. The company has a market capitalization of $1.17 billion, a P/E ratio of -1.80 and a beta of 2.22.

AMC Entertainment (NYSE:AMC) last posted its quarterly earnings results on Tuesday, May 5th. The company reported ($0.36) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.04). The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $979.19 million. During the same quarter in the prior year, the company earned ($0.58) EPS. AMC Entertainment’s quarterly revenue was up 21.2% on a year-over-year basis. On average, equities research analysts expect that AMC Entertainment will post -0.37 EPS for the current fiscal year.

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.