AMC Entertainment (NYSE:AMC) Lowered to “Hold” Rating by Zacks Research

AMC Entertainment (NYSE:AMC) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

A number of other analysts have also recently issued reports on AMC. Needham & Company LLC set a $3.50 target price on shares of AMC Entertainment in a research note on Tuesday, July 21st. Texas Capital upgraded shares of AMC Entertainment from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 15th. Benchmark reissued a “buy” rating and issued a $3.00 price target (up from $2.50) on shares of AMC Entertainment in a report on Tuesday, July 21st. Roth Capital set a $1.50 price objective on shares of AMC Entertainment in a research report on Tuesday, May 19th. Finally, Weiss Ratings cut AMC Entertainment from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, AMC Entertainment currently has an average rating of “Hold” and an average target price of $2.53.

AMC Entertainment Trading Up 5.7%

AMC stock opened at $2.52 on Tuesday. AMC Entertainment has a 1-year low of $0.93 and a 1-year high of $3.18. The business’s 50 day simple moving average is $2.31 and its 200 day simple moving average is $1.71. The firm has a market capitalization of $2.24 billion, a PE ratio of -2.35 and a beta of 2.06.

AMC Entertainment (NYSE:AMC) last announced its quarterly earnings results on Monday, July 20th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.17. The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.50 billion. As a group, sell-side analysts predict that AMC Entertainment will post -0.2 EPS for the current fiscal year.

Hedge Funds Weigh In On AMC Entertainment

A number of hedge funds have recently bought and sold shares of AMC. Summit Asset Management LLC bought a new stake in AMC Entertainment in the 2nd quarter valued at about $28,000. Triumph Capital Management increased its holdings in shares of AMC Entertainment by 139.0% during the fourth quarter. Triumph Capital Management now owns 19,000 shares of the company’s stock worth $30,000 after purchasing an additional 11,050 shares during the period. Royal Bank of Canada raised 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 buying an additional 16,011 shares in the last quarter. Pitcairn Co. bought a new stake in shares of AMC Entertainment in the second quarter valued at approximately $34,000. Finally, Powell Investment Advisors LLC acquired a new stake in AMC Entertainment during the fourth quarter worth approximately $39,000. 28.80% of the stock is owned by institutional investors.

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.