AMC Entertainment (NYSE:AMC) Stock Price Up 5.7% – Time to Buy?

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) were up 5.7% during mid-day trading on Monday . The stock traded as high as $2.76 and last traded at $2.6950. Approximately 9,924,729 shares traded hands during trading, a decline of 74% from the average session volume of 37,663,527 shares. The stock had previously closed at $2.55.

Wall Street Analyst Weigh In

Several research firms have recently commented on AMC. Weiss Ratings cut AMC Entertainment from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, August 17th. Wedbush restated an “outperform” rating and issued a $4.00 price target (up from $3.00) on shares of AMC Entertainment in a research note on Tuesday, July 21st. Zacks Research cut shares of AMC Entertainment from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 18th. Citigroup reiterated a “sell” rating on shares of AMC Entertainment in a research note on Tuesday, July 21st. Finally, Needham & Company LLC set a $3.50 price objective on shares of AMC Entertainment in a report on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, three have assigned 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.com, AMC Entertainment presently has an average rating of “Hold” and an average price target of $2.53.

AMC Entertainment Stock Down 0.9%

The company has a 50 day simple moving average of $2.33 and a 200-day simple moving average of $1.74. The stock has a market cap of $2.36 billion, a price-to-earnings ratio of -2.47 and a beta of 2.06.

AMC Entertainment (NYSE:AMC) last issued its earnings results on Monday, July 20th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.17. The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.50 billion. On average, equities research analysts expect that AMC Entertainment Holdings, Inc. will post -0.2 EPS for the current fiscal year.

Hedge Funds Weigh In On AMC Entertainment

Hedge funds have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd lifted its holdings in AMC Entertainment by 3,100.8% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 225,685 shares of the company’s stock worth $352,000 after acquiring an additional 218,634 shares during the last quarter. Alpine Global Management LLC bought a new position in shares of AMC Entertainment during the fourth quarter valued at approximately $178,000. State of Wyoming grew its holdings in shares of AMC Entertainment by 156.8% during the fourth quarter. State of Wyoming now owns 151,595 shares of the company’s stock valued at $236,000 after purchasing an additional 92,562 shares during the last quarter. Optimize Financial Inc raised its position in shares of AMC Entertainment by 1.5% during the 4th quarter. Optimize Financial Inc now owns 543,906 shares of the company’s stock worth $848,000 after purchasing an additional 7,824 shares during the period. Finally, Powell Investment Advisors LLC acquired a new stake in shares of AMC Entertainment during the 4th quarter worth approximately $39,000. Institutional investors and hedge funds 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.