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

AMC Entertainment Holdings, Inc. (NYSE:AMC) has earned an average rating of “Hold” from the eight research firms that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $1.80.

Several research firms have recently weighed in on AMC. Citigroup upped their price objective on AMC Entertainment from $1.10 to $1.20 and gave the company a “sell” rating in a research note on Thursday, May 7th. Weiss Ratings upgraded AMC Entertainment from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, June 23rd. B. Riley Financial reaffirmed a “buy” rating on shares of AMC Entertainment in a research note on Thursday, June 11th. Benchmark upgraded AMC Entertainment from a “hold” rating to a “buy” rating and set a $2.50 price target on the stock in a research report on Wednesday, May 6th. Finally, Wall Street Zen upgraded AMC Entertainment from a “strong sell” rating to a “hold” rating in a research note on Saturday, May 9th.

More AMC Entertainment News

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

Insider Buying and Selling at AMC Entertainment

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

Hedge Funds Weigh In On AMC Entertainment

Institutional investors have recently added to or reduced their stakes in the company. Pitcairn Co. acquired a new position in AMC Entertainment in the second quarter valued at about $34,000. One Capital Management LLC acquired a new stake in shares of AMC Entertainment during the third quarter worth approximately $44,000. Swiss Life Asset Management Ltd increased its holdings in shares of AMC Entertainment by 59.5% during the third quarter. Swiss Life Asset Management Ltd now owns 17,512 shares of the company’s stock worth $51,000 after buying an additional 6,536 shares in the last quarter. Triumph Capital Management raised its stake in shares of AMC Entertainment by 139.0% in the fourth quarter. Triumph Capital Management now owns 19,000 shares of the company’s stock valued at $30,000 after acquiring an additional 11,050 shares during the last quarter. Finally, Voleon Capital Management LP bought a new position in shares of AMC Entertainment in the third quarter valued at approximately $59,000. 28.80% of the stock is owned by institutional investors.

AMC Entertainment Stock Performance

Shares of AMC Entertainment stock opened at $1.93 on Friday. The firm has a market cap of $1.72 billion, a P/E ratio of -1.82 and a beta of 2.08. The firm’s 50-day simple moving average is $1.90 and its 200-day simple moving average is $1.55. AMC Entertainment has a twelve month low of $0.93 and a twelve month high of $3.60.

AMC Entertainment (NYSE:AMC) last posted its quarterly earnings results on Tuesday, May 5th. The company reported ($0.36) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.32) by ($0.04). The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $979.19 million. The firm’s quarterly revenue was up 21.2% on a year-over-year basis. During the same period in the previous year, the business earned ($0.58) earnings per share. On average, equities analysts forecast that AMC Entertainment will post -0.35 earnings per share for the current fiscal year.

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.