AMC Entertainment (NYSE:AMC) Stock Price Up 9.8% – What’s Next?

AMC Entertainment Holdings, Inc. (NYSE:AMC)’s stock price rose 9.8% on Friday . The stock traded as high as $1.72 and last traded at $1.7350. Approximately 17,504,265 shares traded 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.

Wall Street Analyst Weigh In

AMC has been the subject of several recent research reports. Citigroup boosted their price objective on AMC Entertainment from $1.10 to $1.20 and gave the stock a “sell” rating in a report on Thursday, May 7th. Benchmark raised AMC Entertainment from a “hold” rating to a “buy” rating and set a $2.50 price objective for the company in a report on Wednesday, May 6th. 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. Finally, 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. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $2.24.

AMC Entertainment Trading Up 9.2%

The company has a market capitalization of $1.06 billion, a P/E ratio of -1.63 and a beta of 2.14. The business has a 50 day moving average price of $1.40 and a 200 day moving average price of $1.56.

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

Insider Activity at AMC Entertainment

In other news, CEO Adam M. Aron acquired 250,000 shares of the stock in a transaction that occurred on Tuesday, May 19th. The stock was acquired at an average price of $1.38 per share, for a total transaction of $345,000.00. Following the transaction, the chief executive officer directly owned 2,437,020 shares in the company, valued at approximately $3,363,087.60. This represents a 11.43% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. 0.43% of the stock is currently owned by corporate insiders.

Institutional Trading of AMC Entertainment

A number of large investors have recently made changes to their positions in the company. Wealthfront Advisers LLC increased its position in shares of AMC Entertainment by 7.6% in the 3rd quarter. Wealthfront Advisers LLC now owns 81,455 shares of the company’s stock valued at $236,000 after buying an additional 5,763 shares in the last quarter. Swiss Life Asset Management Ltd increased its position 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 buying an additional 6,536 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of AMC Entertainment by 14.3% in the 3rd quarter. Victory Capital Management Inc. now owns 58,710 shares of the company’s stock valued at $170,000 after buying an additional 7,339 shares in the last quarter. Jones Financial Companies Lllp increased its stake in AMC Entertainment by 761.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 8,480 shares of the company’s stock worth $25,000 after purchasing an additional 7,496 shares in the last quarter. Finally, Optimize Financial Inc increased its stake in AMC Entertainment by 1.5% during the 4th quarter. Optimize Financial Inc now owns 543,906 shares of the company’s stock worth $848,000 after purchasing an additional 7,824 shares in the last quarter. Institutional investors own 28.80% of the company’s stock.

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.