Analysts Set AMC Entertainment Holdings, Inc. (NYSE:AMC) PT at $2.24

AMC Entertainment Holdings, Inc. (NYSE:AMC) has been given an average rating of “Hold” by the eight brokerages that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $2.24.

A number of analysts recently weighed in on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of AMC Entertainment in a research report on Monday, April 20th. 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. Roth Mkm set a $1.50 target price on shares of AMC Entertainment in a research report on Tuesday, May 19th. 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 report on Wednesday, May 6th. Finally, 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 report on Thursday, May 7th.

Insider Activity at AMC Entertainment

In related news, CEO Adam M. Aron bought 250,000 shares of AMC Entertainment stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 2,437,020 shares in the company, valued at $3,363,087.60. The trade was a 11.43% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.43% of the company’s stock.

Hedge Funds Weigh In On AMC Entertainment

A number of institutional investors have recently modified their holdings of the stock. Essential Partners LLC increased its position in shares of AMC Entertainment by 244,580.6% during the first quarter. Essential Partners LLC now owns 88,085 shares of the company’s stock worth $86,000 after acquiring an additional 88,049 shares during the period. Bank of America Corp DE increased its position in shares of AMC Entertainment by 34.3% during the first quarter. Bank of America Corp DE now owns 543,857 shares of the company’s stock worth $533,000 after acquiring an additional 138,853 shares during the period. Royal Bank of Canada increased its position in shares of AMC Entertainment by 90.7% during the first 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 period. SummitTX Capital L.P. purchased a new position in shares of AMC Entertainment during the first quarter worth approximately $73,000. Finally, Wealthfront Advisers LLC increased its position in shares of AMC Entertainment by 36.8% during the first quarter. Wealthfront Advisers LLC now owns 196,830 shares of the company’s stock worth $193,000 after acquiring an additional 52,902 shares during the period. 28.80% of the stock is owned by hedge funds and other institutional investors.

AMC Entertainment Price Performance

AMC Entertainment stock opened at $1.83 on Friday. AMC Entertainment has a 1-year low of $0.93 and a 1-year high of $3.60. The firm has a market capitalization of $1.12 billion, a P/E ratio of -1.72 and a beta of 2.22. The company’s 50-day moving average is $1.46 and its 200 day moving average is $1.55.

AMC Entertainment (NYSE:AMC) last posted its quarterly earnings data 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 the consensus estimate of $979.19 million. During the same quarter in the prior year, the business earned ($0.58) earnings per share. AMC Entertainment’s revenue for the quarter was up 21.2% compared to the same quarter last year. Research analysts anticipate that AMC Entertainment will post -0.41 earnings per share 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.