Analysts Set AMC Entertainment Holdings, Inc. (NYSE:AMC) Target Price at $2.53

AMC Entertainment Holdings, Inc. (NYSE:AMC) has been given an average recommendation of “Moderate Buy” by the ten analysts that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, three have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $2.5286.

AMC has been the topic of several research reports. Benchmark restated a “buy” rating and set a $3.00 price target (up from $2.50) on shares of AMC Entertainment in a research note on Tuesday, July 21st. B. Riley Financial reaffirmed a “neutral” rating and issued a $2.50 price objective (up from $2.25) on shares of AMC Entertainment in a research note on Wednesday, July 22nd. Wedbush reiterated an “outperform” rating and set a $4.00 target price (up from $3.00) on shares of AMC Entertainment in a report on Tuesday, July 21st. Wall Street Zen upgraded shares of AMC Entertainment from a “strong sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Texas Capital raised shares of AMC Entertainment from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 15th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in AMC. Summit Asset Management LLC bought a new position in shares of AMC Entertainment in the 2nd quarter worth $28,000. 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 grew its stake in AMC Entertainment by 34.3% in the first quarter. Bank of America Corp DE now owns 543,857 shares of the company’s stock valued at $533,000 after purchasing an additional 138,853 shares during the last quarter. Royal Bank of Canada grew its stake in AMC Entertainment by 90.7% in the first quarter. Royal Bank of Canada now owns 33,657 shares of the company’s stock valued at $33,000 after purchasing an additional 16,011 shares during the last quarter. Finally, SummitTX Capital L.P. bought a new position in AMC Entertainment in the first quarter worth about $73,000. 28.80% of the stock is currently owned by hedge funds and other institutional investors.

AMC Entertainment Stock Up 5.7%

Shares of NYSE:AMC opened at $2.52 on Thursday. The business’s 50 day moving average is $2.31 and its 200 day moving average is $1.71. The stock has a market cap of $2.24 billion, a P/E ratio of -2.35 and a beta of 2.06. AMC Entertainment has a 52-week low of $0.93 and a 52-week high of $3.18.

AMC Entertainment (NYSE:AMC) last issued its earnings results on Monday, July 20th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.17. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.50 billion. On average, sell-side analysts anticipate that AMC Entertainment will post -0.2 EPS for the current fiscal year.

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.