AMC Entertainment Holdings, Inc. (NYSE:AMC) Given Average Rating of “Hold” by Brokerages

AMC Entertainment Holdings, Inc. (NYSE:AMC) has been assigned an average rating of “Hold” from the eight brokerages that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $2.24.

A number of research analysts recently weighed in on AMC shares. 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. Benchmark raised shares of AMC Entertainment from a “hold” rating to a “buy” rating and set a $2.50 target price on the stock in a research note on Wednesday, May 6th. Citigroup raised their target price 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. Weiss Ratings raised shares of AMC Entertainment from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, June 23rd. Finally, Roth Mkm set a $1.50 target price on shares of AMC Entertainment in a research note on Tuesday, May 19th.

AMC Entertainment Trading Down 0.3%

Shares of AMC Entertainment stock opened at $2.15 on Wednesday. The firm has a market capitalization of $1.32 billion, a PE ratio of -2.03 and a beta of 2.22. AMC Entertainment has a twelve month low of $0.93 and a twelve month high of $3.60. The firm’s 50-day moving average price is $1.82 and its 200 day moving average price is $1.55.

AMC Entertainment (NYSE:AMC) last issued its quarterly earnings results on Tuesday, May 5th. The company reported ($0.36) earnings per share for the quarter, missing analysts’ consensus estimates 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. The company’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.58) earnings per share. On average, sell-side analysts predict that AMC Entertainment will post -0.37 EPS for the current fiscal year.

Insiders Place Their Bets

In other AMC Entertainment news, CEO Adam M. Aron bought 250,000 shares of the firm’s stock in a transaction on Tuesday, May 19th. The shares were acquired at an average cost of $1.38 per share, with a total value of $345,000.00. Following the purchase, the chief executive officer directly 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 filing with the SEC, which is available through this hyperlink. 0.43% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of AMC. Triumph Capital Management lifted its stake in AMC Entertainment by 139.0% in the 4th quarter. Triumph Capital Management now owns 19,000 shares of the company’s stock worth $30,000 after purchasing an additional 11,050 shares in the last quarter. Royal Bank of Canada lifted its stake in 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 purchasing an additional 16,011 shares in the last quarter. Pitcairn Co. acquired a new stake in shares of AMC Entertainment during the 2nd quarter worth approximately $34,000. Powell Investment Advisors LLC acquired a new stake in shares of AMC Entertainment during the 4th quarter worth approximately $39,000. Finally, Corient Private Wealth LLC acquired a new stake in shares of AMC Entertainment during the 4th quarter worth approximately $41,000. 28.80% of the stock is 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.