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

AMC Entertainment Holdings, Inc. (NYSE:AMC) traded 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 traded hands during mid-day trading, a decline of 80% from the average session volume of 34,348,520 shares. The stock had previously closed at $1.80.

Analysts Set New Price Targets

AMC has been the subject of several recent analyst reports. Wall Street Zen raised shares of AMC Entertainment from a “strong sell” rating to a “hold” rating in a research report on Saturday, May 9th. B. Riley Financial restated a “neutral” rating on shares of AMC Entertainment in a research report on Friday, April 17th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of AMC Entertainment in a report on Monday, April 20th. Citigroup lifted their price objective on shares of AMC Entertainment from $1.10 to $1.20 and gave the company a “sell” rating in a research note on Thursday, May 7th. Finally, Benchmark upgraded shares of AMC Entertainment from a “hold” rating to a “buy” rating and set a $2.50 price objective for the company in a research report on Wednesday, May 6th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, AMC Entertainment presently has a consensus rating of “Hold” and a consensus target price of $2.24.

AMC Entertainment Stock Up 8.1%

The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of -1.83 and a beta of 2.22. The stock has a 50 day moving average price of $1.51 and a 200 day moving average price of $1.54.

AMC Entertainment (NYSE:AMC) last posted its earnings results on Tuesday, May 5th. The company reported ($0.36) 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 analyst estimates of $979.19 million. AMC Entertainment’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.58) EPS. Sell-side analysts forecast that AMC Entertainment Holdings, Inc. will post -0.41 earnings per share for the current fiscal year.

Insider Transactions at AMC Entertainment

In related news, CEO Adam M. Aron bought 250,000 shares of the business’s stock in a transaction on Tuesday, May 19th. The shares were purchased at an average cost 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 represents a 11.43% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.43% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On AMC Entertainment

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Jones Financial Companies Lllp increased its position in AMC Entertainment by 761.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 8,480 shares of the company’s stock valued at $25,000 after purchasing an additional 7,496 shares during the period. Triumph Capital Management grew its position in AMC Entertainment by 139.0% in the 4th quarter. Triumph Capital Management now owns 19,000 shares of the company’s stock valued at $30,000 after purchasing an additional 11,050 shares during the period. Royal Bank of Canada boosted its holdings in AMC Entertainment by 90.7% during the 1st quarter. Royal Bank of Canada now owns 33,657 shares of the company’s stock worth $33,000 after acquiring an additional 16,011 shares during the last quarter. Pitcairn Co. bought a new stake in shares of AMC Entertainment during the 2nd quarter worth $34,000. Finally, Powell Investment Advisors LLC bought a new position in AMC Entertainment during the fourth quarter worth about $39,000. 28.80% of the stock is owned by institutional investors and hedge funds.

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.