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

AMC Entertainment Holdings, Inc. (NYSE:AMC) has earned a consensus recommendation of “Hold” from the eight analysts that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $2.24.

A number of brokerages have weighed in on AMC. Citigroup increased their target price on shares of AMC Entertainment from $1.10 to $1.20 and gave the stock a “sell” rating in a research report on Thursday, May 7th. Benchmark upgraded shares of AMC Entertainment from a “hold” rating to a “buy” rating and set a $2.50 target price for the company in a research report on Wednesday, May 6th. Wall Street Zen upgraded shares of AMC Entertainment from a “strong sell” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings restated a “sell (e+)” rating on shares of AMC Entertainment in a research report on Monday, April 20th. Finally, Roth Mkm set a $1.50 price objective on shares of AMC Entertainment in a research report on Tuesday, May 19th.

Insider Activity at AMC Entertainment

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

Hedge Funds Weigh In On AMC Entertainment

A number of large investors have recently modified their holdings of the company. Essential Partners LLC boosted its position in shares of AMC Entertainment by 244,580.6% in the first quarter. Essential Partners LLC now owns 88,085 shares of the company’s stock valued at $86,000 after acquiring an additional 88,049 shares during the period. Bank of America Corp DE boosted its position in shares of AMC Entertainment by 34.3% in the first quarter. Bank of America Corp DE now owns 543,857 shares of the company’s stock valued at $533,000 after acquiring an additional 138,853 shares during the period. Royal Bank of Canada boosted its position in shares of AMC Entertainment by 90.7% in the first quarter. Royal Bank of Canada now owns 33,657 shares of the company’s stock valued at $33,000 after acquiring an additional 16,011 shares during the period. SummitTX Capital L.P. bought a new position in shares of AMC Entertainment in the first quarter valued at approximately $73,000. Finally, Wealthfront Advisers LLC boosted its position in shares of AMC Entertainment by 36.8% in the first quarter. Wealthfront Advisers LLC now owns 196,830 shares of the company’s stock valued at $193,000 after acquiring an additional 52,902 shares during the period. 28.80% of the stock is currently owned by institutional investors.

AMC Entertainment Stock Up 9.2%

Shares of NYSE:AMC opened at $1.73 on Friday. The firm has a market capitalization of $1.06 billion, a PE ratio of -1.63 and a beta of 2.14. AMC Entertainment has a twelve month low of $0.93 and a twelve month high of $3.62. The company has a 50-day moving average price of $1.40 and a two-hundred day moving average price of $1.56.

AMC Entertainment (NYSE:AMC) last issued its 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. The firm’s revenue for the quarter was up 21.2% on a year-over-year basis. During the same period in the previous year, the company earned ($0.58) EPS. Analysts anticipate that AMC Entertainment will post -0.41 earnings per share 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.