AMC Entertainment (NYSE:AMC) Shares Up 8% – Still a Buy?

AMC Entertainment Holdings, Inc. (NYSE:AMC)’s share price traded up 8% during trading on Wednesday . The stock traded as high as $1.69 and last traded at $1.6950. 15,566,091 shares changed hands during trading, a decline of 58% from the average session volume of 37,157,637 shares. The stock had previously closed at $1.57.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Citigroup restated a “sell” rating and set a $1.30 price target (down from $2.30) on shares of AMC Entertainment in a report on Monday, January 12th. Weiss Ratings reissued a “sell (e+)” rating on shares of AMC Entertainment in a research note on Wednesday, October 8th. Zacks Research downgraded shares of AMC Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 7th. Wall Street Zen lowered shares of AMC Entertainment from a “hold” rating to a “strong sell” rating in a report on Saturday, November 8th. Finally, Macquarie reduced their target price on AMC Entertainment from $3.00 to $2.00 and set a “neutral” rating for the company in a research note on Thursday, January 15th. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $2.76.

AMC Entertainment Stock Up 2.2%

The firm has a 50 day moving average price of $1.93 and a 200 day moving average price of $2.56. The stock has a market capitalization of $823.28 million, a PE ratio of -1.14 and a beta of 0.72.

AMC Entertainment (NYSE:AMC) last announced its quarterly earnings results on Wednesday, November 5th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.03). The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same period in the prior year, the business earned ($0.04) EPS. The company’s quarterly revenue was down 3.6% compared to the same quarter last year. On average, equities analysts forecast that AMC Entertainment Holdings, Inc. will post -1.38 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. increased its stake in AMC Entertainment by 8.7% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 44,447 shares of the company’s stock valued at $138,000 after buying an additional 3,558 shares during the last quarter. Wealthfront Advisers LLC lifted its holdings in AMC Entertainment by 7.6% during the third quarter. Wealthfront Advisers LLC now owns 81,455 shares of the company’s stock worth $236,000 after acquiring an additional 5,763 shares during the period. Traphagen Investment Advisors LLC boosted its position in AMC Entertainment by 26.3% in the second quarter. Traphagen Investment Advisors LLC now owns 30,008 shares of the company’s stock worth $93,000 after purchasing an additional 6,252 shares during the last quarter. Swiss Life Asset Management Ltd raised its stake in shares of AMC Entertainment by 59.5% during the 3rd 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 period. Finally, Victory Capital Management Inc. grew its position in AMC Entertainment by 14.3% during the third quarter. Victory Capital Management Inc. now owns 58,710 shares of the company’s stock valued at $170,000 after buying an additional 7,339 shares during the period. 28.80% of the stock is currently owned by hedge funds and other 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.