AMC Entertainment (NYSE:AMC) Shares Up 7.2% – Should You Buy?

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) shot up 7.2% during trading on Tuesday . The stock traded as high as $2.43 and last traded at $2.4450. 25,384,938 shares traded hands during mid-day trading, a decline of 28% from the average session volume of 35,035,789 shares. The stock had previously closed at $2.28.

Analyst Ratings Changes

AMC has been the topic of a number of recent research reports. Benchmark raised shares of AMC Entertainment from a “hold” rating to a “buy” rating and set a $2.50 price target on the stock in a research note on Wednesday, May 6th. Citigroup upped their price target on shares of AMC Entertainment from $1.10 to $1.20 and gave the company a “sell” rating in a research note on Thursday, May 7th. B. Riley Financial reaffirmed a “buy” rating on shares of AMC Entertainment in a research note on Thursday, June 11th. Roth Mkm set a $1.50 price target on shares of AMC Entertainment in a research note on Tuesday, May 19th. Finally, 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. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, AMC Entertainment presently has a consensus rating of “Hold” and an average price target of $2.24.

AMC Entertainment Stock Up 8.6%

The firm has a market cap of $1.51 billion, a PE ratio of -2.32 and a beta of 2.22. The company’s 50 day moving average price is $1.63 and its two-hundred day moving average price is $1.54.

AMC Entertainment (NYSE:AMC) last announced its earnings results on Tuesday, May 5th. The company reported ($0.36) earnings per share 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 analyst estimates of $979.19 million. During the same quarter in the prior year, the company posted ($0.58) earnings per share. The company’s revenue for the quarter was up 21.2% on a year-over-year basis. On average, analysts expect that AMC Entertainment Holdings, Inc. will post -0.4 earnings per share for the current fiscal year.

Insider Buying and Selling at AMC Entertainment

In other 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 price of $1.38 per share, with a total value of $345,000.00. Following the completion of the purchase, 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 acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.43% of the company’s stock.

Institutional Investors Weigh In On AMC Entertainment

Several hedge funds and other institutional investors have recently made changes to their positions in AMC. Jones Financial Companies Lllp raised its stake in shares of AMC Entertainment by 761.8% in the third 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. Triumph Capital Management increased 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 buying an additional 11,050 shares during the period. Royal Bank of Canada increased 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 buying an additional 16,011 shares during the period. Pitcairn Co. purchased a new position in AMC Entertainment in the 2nd quarter worth about $34,000. Finally, Powell Investment Advisors LLC purchased a new position in AMC Entertainment in the 4th quarter worth about $39,000. Hedge funds and other institutional investors own 28.80% of the company’s stock.

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.