AMC Entertainment Holdings, Inc. (NYSE:AMC) Given Consensus Rating of “Hold” by Analysts

AMC Entertainment Holdings, Inc. (NYSE:AMCGet Free Report) has been assigned an average rating of “Hold” from the eight brokerages that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $2.24.

Several equities analysts recently issued reports on AMC shares. Roth Mkm set a $1.50 price objective on shares of AMC Entertainment in a report on Tuesday, May 19th. Wall Street Zen raised shares of AMC Entertainment from a “strong sell” rating to a “hold” rating in a report on Saturday, May 9th. B. Riley Financial reaffirmed a “buy” rating on shares of AMC Entertainment in a report on Thursday, June 11th. 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 report on Thursday, May 7th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of AMC Entertainment in a research note on Monday, April 20th.

View Our Latest Report on AMC

Insider Transactions at AMC Entertainment

In other AMC Entertainment news, CEO Adam M. Aron bought 250,000 shares of the firm’s stock in a transaction that occurred on 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 directly 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.43% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of AMC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of AMC Entertainment by 21.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 240,255 shares of the company’s stock worth $690,000 after acquiring an additional 41,860 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of AMC Entertainment by 30.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 710,181 shares of the company’s stock worth $2,038,000 after purchasing an additional 164,740 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of AMC Entertainment by 19.8% during the second quarter. JPMorgan Chase & Co. now owns 1,820,405 shares of the company’s stock worth $5,643,000 after purchasing an additional 300,376 shares in the last quarter. Prudential Financial Inc. increased its stake in shares of AMC Entertainment by 89.6% during the second quarter. Prudential Financial Inc. now owns 55,685 shares of the company’s stock worth $173,000 after purchasing an additional 26,310 shares in the last quarter. Finally, Hsbc Holdings PLC increased its stake in shares of AMC Entertainment by 9.2% during the second quarter. Hsbc Holdings PLC now owns 102,506 shares of the company’s stock worth $315,000 after purchasing an additional 8,629 shares in the last quarter. Institutional investors and hedge funds own 28.80% of the company’s stock.

AMC Entertainment Price Performance

AMC Entertainment stock opened at $2.10 on Wednesday. AMC Entertainment has a 1-year low of $0.93 and a 1-year high of $3.60. The firm has a market capitalization of $1.29 billion, a P/E ratio of -1.98 and a beta of 2.22. The company’s 50-day moving average is $1.79 and its 200 day moving average is $1.55.

AMC Entertainment (NYSE:AMCGet Free Report) last issued its 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 for the quarter, compared to analyst estimates of $979.19 million. The business’s revenue for the quarter was up 21.2% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.58) earnings per share. Research analysts anticipate that AMC Entertainment will post -0.37 earnings per share for the current fiscal year.

Trending Headlines about AMC Entertainment

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AMC Entertainment Company Profile

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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.

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Analyst Recommendations for AMC Entertainment (NYSE:AMC)

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