AMC Entertainment (NYSE:AMC) Trading 7.9% Higher – Still a Buy?

AMC Entertainment Holdings, Inc. (NYSE:AMC)’s share price shot up 7.9% during trading on Tuesday . The company traded as high as $1.88 and last traded at $1.9420. 6,823,700 shares were traded during trading, a decline of 80% from the average session volume of 34,348,520 shares. The stock had previously closed at $1.80.

Analyst Upgrades and Downgrades

AMC has been the subject of several research reports. Wall Street Zen upgraded shares of AMC Entertainment from a “strong sell” rating to a “hold” rating in a research note on Saturday, May 9th. Benchmark upgraded shares of AMC Entertainment from a “hold” rating to a “buy” rating and set a $2.50 price objective on the stock in a research note on Wednesday, May 6th. B. Riley Financial reissued a “neutral” rating on shares of AMC Entertainment in a report on Friday, April 17th. Weiss Ratings restated a “sell (e+)” rating on shares of AMC Entertainment in a research report on Monday, April 20th. Finally, Roth Mkm set a $1.50 price target on AMC Entertainment in a research report on Tuesday, May 19th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $2.24.

AMC Entertainment Stock Performance

The firm has a market cap of $1.28 billion, a price-to-earnings ratio of -1.98 and a beta of 2.22. The business’s 50 day moving average price is $1.55 and its 200 day moving average price is $1.54.

AMC Entertainment (NYSE:AMC) last posted its 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. AMC Entertainment’s revenue for the quarter was up 21.2% on a year-over-year basis. During the same period in the prior year, the company posted ($0.58) EPS. Sell-side analysts anticipate that AMC Entertainment Holdings, Inc. will post -0.41 earnings per share for the current fiscal year.

Insider Buying and Selling at AMC Entertainment

In other AMC Entertainment news, CEO Adam M. Aron purchased 250,000 shares of AMC Entertainment stock in a transaction that occurred on Tuesday, May 19th. The stock was bought 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 of the company’s stock, valued at $3,363,087.60. This trade represents a 11.43% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.43% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On AMC Entertainment

A number of institutional investors have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp raised its position in AMC Entertainment by 761.8% during the third quarter. Jones Financial Companies Lllp now owns 8,480 shares of the company’s stock worth $25,000 after acquiring an additional 7,496 shares during the period. Pitcairn Co. acquired a new stake in AMC Entertainment in the 2nd quarter worth about $34,000. One Capital Management LLC purchased a new position in AMC Entertainment in the 3rd quarter valued at $44,000. Swiss Life Asset Management Ltd increased its position in 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 purchasing an additional 6,536 shares during the last quarter. Finally, Triumph Capital Management raised its stake in 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. Institutional investors and hedge funds 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.