AMC Entertainment (NYSE:AMC) Upgraded at Texas Capital

Texas Capital upgraded shares of AMC Entertainment (NYSE:AMC) from a hold rating to a strong-buy rating in a research report sent to investors on Wednesday,Zacks.com reports.

Several other analysts have also weighed in on AMC. Wall Street Zen raised AMC Entertainment from a “strong sell” rating to a “hold” rating in a report on Saturday, May 9th. Roth Capital set a $1.50 price target on AMC Entertainment in a research note on Tuesday, May 19th. Citigroup boosted their price objective 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. Weiss Ratings upgraded shares of AMC Entertainment from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, June 23rd. Finally, Benchmark raised shares of AMC Entertainment from a “hold” rating to a “buy” rating and set a $2.50 price target on the stock in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $1.80.

AMC Entertainment Price Performance

Shares of NYSE:AMC opened at $1.93 on Wednesday. The business’s 50 day simple moving average is $1.90 and its 200-day simple moving average is $1.55. The firm has a market capitalization of $1.72 billion, a price-to-earnings ratio of -1.82 and a beta of 2.08. AMC Entertainment has a 12 month low of $0.93 and a 12 month high of $3.60.

AMC Entertainment (NYSE:AMC) last released 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 company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $979.19 million. AMC Entertainment’s revenue for the quarter was up 21.2% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.58) EPS. On average, equities analysts anticipate that AMC Entertainment will post -0.35 earnings per share for the current year.

Insider Buying and Selling at AMC Entertainment

In related news, CEO Adam M. Aron purchased 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, 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. The trade was a 11.43% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.43% of the stock is currently owned by company insiders.

Institutional Trading of AMC Entertainment

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. UBS Group AG lifted its holdings in AMC Entertainment by 4,537.9% in the 3rd quarter. UBS Group AG now owns 23,194,957 shares of the company’s stock valued at $67,265,000 after purchasing an additional 22,694,842 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of AMC Entertainment by 9.2% during the fourth quarter. Geode Capital Management LLC now owns 12,254,550 shares of the company’s stock worth $19,121,000 after buying an additional 1,029,668 shares in the last quarter. State Street Corp grew its holdings in shares of AMC Entertainment by 12.7% during the fourth quarter. State Street Corp now owns 11,349,046 shares of the company’s stock worth $17,705,000 after buying an additional 1,278,974 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of AMC Entertainment by 20.6% in the fourth quarter. Renaissance Technologies LLC now owns 8,009,819 shares of the company’s stock valued at $12,495,000 after buying an additional 1,369,000 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of AMC Entertainment by 87.6% in the fourth quarter. JPMorgan Chase & Co. now owns 3,120,561 shares of the company’s stock valued at $4,868,000 after buying an additional 1,457,493 shares during the last quarter. Hedge funds and other institutional investors own 28.80% of the company’s stock.

Trending Headlines about AMC Entertainment

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

• Positive Sentiment: AMC refinanced $400 million of high-interest debt on better terms, which lowers financing costs and reduces near-term balance-sheet pressure. AMC (NYSE:AMC) Refinances $400 Million In Debt And Converts $150 Million To Equity
• Positive Sentiment: The company also converted about $150 million to $155.8 million of senior secured exchangeable notes into equity, which cuts long-term obligations and helps ease restrictive covenants. AMC Entertainment Holdings (AMC) Is Up 8.9% After Debt Refinancing And Note Conversion – Has The Bull Case Changed?
• Positive Sentiment: AMC heads into its second-quarter earnings release on July 20 with some analysts citing stronger box-office momentum and improving financial flexibility, which has helped sentiment around the stock. Should You Buy, Sell, or Hold AMC Stock Before Q2 Earnings Release?
• Neutral Sentiment: Wall Street is also watching AMC’s upcoming Q2 print and recent analyst commentary, including a Texas Capital upgrade to “strong-buy,” but the bigger near-term driver appears to be debt restructuring rather than operating results. Tickerreport.com

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.