AMC Entertainment (NYSE:AMC) Upgraded at Benchmark

Benchmark upgraded shares of AMC Entertainment (NYSE:AMC) from a hold rating to a buy rating in a research note published on Wednesday morning, Marketbeat Ratings reports. The brokerage currently has $2.50 target price on the stock.

Several other equities research analysts also recently issued reports on the stock. B. Riley Financial restated a “neutral” rating on shares of AMC Entertainment in a research report on Friday, April 17th. Roth Mkm reissued a “neutral” rating and set a $2.00 target price on shares of AMC Entertainment in a report on Thursday, April 23rd. Citigroup decreased their price objective on shares of AMC Entertainment from $1.30 to $1.10 and set a “sell” rating on the stock in a research note on Wednesday, February 25th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of AMC Entertainment in a report on Monday, April 20th. Finally, Macquarie Infrastructure reduced their price target on AMC Entertainment from $3.00 to $2.00 and set a “neutral” rating on the stock in a report on Thursday, January 15th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, AMC Entertainment presently has an average rating of “Hold” and a consensus target price of $2.45.

AMC Entertainment Price Performance

Shares of AMC stock opened at $1.50 on Wednesday. The stock has a market cap of $796.44 million, a PE ratio of -1.42 and a beta of 2.14. The stock has a 50-day moving average of $1.29 and a 200-day moving average of $1.69. AMC Entertainment has a one year low of $0.93 and a one year high of $4.08.

AMC Entertainment (NYSE:AMC) last issued its quarterly earnings data on Tuesday, May 5th. The company reported ($0.36) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.32) by ($0.04). The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $979.19 million. The firm’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same period last year, the company earned ($0.58) earnings per share. As a group, research analysts anticipate that AMC Entertainment will post -0.41 earnings per share for the current year.

Institutional Investors Weigh In On AMC Entertainment

Several institutional investors have recently added to or reduced their stakes in AMC. Jones Financial Companies Lllp raised its holdings 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 acquiring an additional 7,496 shares during the period. Gradient Capital Advisors LLC bought a new stake in AMC Entertainment during the 3rd quarter worth approximately $29,000. Pitcairn Co. purchased a new stake in AMC Entertainment in the 2nd quarter worth approximately $34,000. Citizens Financial Group Inc. RI bought a new position in AMC Entertainment in the 3rd quarter valued at $34,000. Finally, One Capital Management LLC bought a new position in AMC Entertainment in the 3rd quarter valued at $44,000. 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.