AMC Entertainment (NYSE:AMC) Shares Up 9% – Should You Buy?

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) shot up 9% on Tuesday . The stock traded as high as $2.76 and last traded at $2.7350. 49,459,545 shares traded hands during trading, an increase of 25% from the average daily volume of 39,492,301 shares. The stock had previously closed at $2.51.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Benchmark reiterated a “buy” rating and issued a $3.00 price target (up from $2.50) on shares of AMC Entertainment in a research note on Tuesday, July 21st. UBS Group restated a “buy” rating on shares of AMC Entertainment in a research report on Tuesday, July 21st. Weiss Ratings cut shares of AMC Entertainment from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, July 20th. Roth Capital set a $1.50 target price on shares of AMC Entertainment in a research report on Tuesday, May 19th. Finally, Zacks Research upgraded shares of AMC Entertainment from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 20th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, AMC Entertainment currently has an average rating of “Moderate Buy” and an average price target of $2.53.

AMC Entertainment Trading Up 6.2%

The firm has a market capitalization of $2.38 billion, a PE ratio of -2.50 and a beta of 2.08. The company has a fifty day moving average price of $2.01 and a two-hundred day moving average price of $1.58.

AMC Entertainment (NYSE:AMC) last released its quarterly earnings results on Monday, July 20th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.17. The firm had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.50 billion. As a group, equities research analysts predict that AMC Entertainment Holdings, Inc. will post -0.2 earnings per share for the current year.

Insider Buying and Selling at AMC Entertainment

In other news, CEO Adam M. Aron acquired 250,000 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The stock was acquired at an average cost of $1.38 per share, with a total value of $345,000.00. Following the completion of the acquisition, the chief executive officer owned 2,437,020 shares of the company’s stock, valued at $3,363,087.60. The trade was a 11.43% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 business. UBS Group AG raised its position in AMC Entertainment by 4,537.9% in the 3rd quarter. UBS Group AG now owns 23,194,957 shares of the company’s stock valued at $67,265,000 after purchasing an additional 22,694,842 shares during the last quarter. Jump Financial LLC acquired a new position in AMC Entertainment in the third quarter valued at $4,827,000. JPMorgan Chase & Co. raised its holdings in shares of AMC Entertainment by 87.6% in the fourth quarter. JPMorgan Chase & Co. now owns 3,120,561 shares of the company’s stock valued at $4,868,000 after buying an additional 1,457,493 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of AMC Entertainment by 20.6% during the fourth quarter. Renaissance Technologies LLC now owns 8,009,819 shares of the company’s stock worth $12,495,000 after buying an additional 1,369,000 shares during the period. Finally, State Street Corp boosted its stake in shares of AMC Entertainment by 12.7% during the fourth quarter. State Street Corp now owns 11,349,046 shares of the company’s stock worth $17,705,000 after buying an additional 1,278,974 shares during the period. 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.