AMC Entertainment (NYSE:AMC) Shares Up 7.2% – Should You Buy?

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) rose 7.2% during trading on Tuesday . The stock traded as high as $2.43 and last traded at $2.4450. Approximately 25,384,938 shares traded hands during mid-day trading, a decline of 28% from the average daily volume of 35,035,789 shares. The stock had previously closed at $2.28.

Wall Street Analysts Forecast Growth

AMC has been the topic of several recent analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of AMC Entertainment in a research note on Monday, April 20th. B. Riley Financial reaffirmed a “buy” rating on shares of AMC Entertainment in a research note on Thursday, June 11th. Wall Street Zen raised shares of AMC Entertainment from a “strong sell” rating to a “hold” rating in a research note on Saturday, May 9th. Citigroup raised their price target on shares of AMC Entertainment from $1.10 to $1.20 and gave the stock a “sell” rating in a research note on Thursday, May 7th. Finally, Roth Mkm set a $1.50 price target on shares of AMC Entertainment in a research note on Tuesday, May 19th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $2.24.

AMC Entertainment Stock Performance

The company’s fifty day simple moving average is $1.63 and its 200-day simple moving average is $1.54. The company has a market capitalization of $1.51 billion, a P/E ratio of -2.32 and a beta of 2.22.

AMC Entertainment (NYSE:AMC) last issued 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 business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $979.19 million. During the same quarter last year, the firm posted ($0.58) EPS. AMC Entertainment’s quarterly revenue was up 21.2% compared to the same quarter last year. On average, sell-side analysts predict that AMC Entertainment Holdings, Inc. will post -0.4 EPS for the current year.

Insider Transactions at AMC Entertainment

In related news, CEO Adam M. Aron purchased 250,000 shares of AMC Entertainment stock in a transaction dated Tuesday, May 19th. The stock was purchased at an average cost of $1.38 per share, with a total value of $345,000.00. Following the transaction, the chief executive officer owned 2,437,020 shares in the company, valued at approximately $3,363,087.60. The trade was a 11.43% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.43% of the stock is currently owned by insiders.

Institutional Investors Weigh In On AMC Entertainment

A number of institutional investors have recently added to or reduced their stakes in the stock. Essential Partners LLC boosted its position in AMC Entertainment by 244,580.6% during the first quarter. Essential Partners LLC now owns 88,085 shares of the company’s stock valued at $86,000 after purchasing an additional 88,049 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of AMC Entertainment by 34.3% in the 1st quarter. Bank of America Corp DE now owns 543,857 shares of the company’s stock valued at $533,000 after buying an additional 138,853 shares in the last quarter. Royal Bank of Canada grew its position in shares of AMC Entertainment by 90.7% in the 1st quarter. Royal Bank of Canada now owns 33,657 shares of the company’s stock worth $33,000 after buying an additional 16,011 shares during the last quarter. SummitTX Capital L.P. purchased a new position in shares of AMC Entertainment in the 1st quarter worth approximately $73,000. Finally, Wealthfront Advisers LLC grew its position in shares of AMC Entertainment by 36.8% in the 1st quarter. Wealthfront Advisers LLC now owns 196,830 shares of the company’s stock worth $193,000 after buying an additional 52,902 shares during the last quarter. Institutional investors own 28.80% of the company’s stock.

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.