AMC Entertainment (NYSE:AMC) Trading Up 7.2% – Still a Buy?

AMC Entertainment Holdings, Inc. (NYSE:AMC) traded up 7.2% during trading on Tuesday . The company traded as high as $2.03 and last traded at $2.0050. 11,338,036 shares traded hands during mid-day trading, a decline of 70% from the average daily volume of 37,634,227 shares. The stock had previously closed at $1.87.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AMC. Roth Capital set a $1.50 price target on AMC Entertainment in a research note on Tuesday, May 19th. B. Riley Financial reaffirmed a “buy” rating on shares of AMC Entertainment in a research report on Thursday, June 11th. 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. Citigroup raised their price target on shares of AMC Entertainment from $1.10 to $1.20 and gave the company a “sell” rating in a report on Thursday, May 7th. Finally, Weiss Ratings raised shares of AMC Entertainment from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $1.80.

AMC Entertainment Stock Performance

The stock has a market cap of $1.84 billion, a P/E ratio of -1.95 and a beta of 2.08. The firm has a 50 day moving average of $1.88 and a two-hundred day moving average of $1.55.

AMC Entertainment (NYSE:AMC) last issued its quarterly earnings results on Tuesday, May 5th. The company reported ($0.36) EPS for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.04). The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $979.19 million. The firm’s revenue was up 21.2% on a year-over-year basis. During the same period in the previous year, the business posted ($0.58) EPS. On average, sell-side analysts anticipate that AMC Entertainment Holdings, Inc. will post -0.37 EPS for the current fiscal year.

Insider Activity

In other AMC Entertainment news, CEO Adam M. Aron bought 250,000 shares of the stock in a transaction that occurred on 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 directly 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 through the SEC website. Corporate insiders own 0.43% of the company’s stock.

Institutional Trading of AMC Entertainment

A number of large investors have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd lifted its position in shares of AMC Entertainment by 3,100.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 225,685 shares of the company’s stock worth $352,000 after purchasing an additional 218,634 shares in the last quarter. Optimize Financial Inc lifted its holdings in AMC Entertainment by 1.5% during the 4th quarter. Optimize Financial Inc now owns 543,906 shares of the company’s stock worth $848,000 after buying an additional 7,824 shares in the last quarter. Powell Investment Advisors LLC bought a new position in AMC Entertainment in the 4th quarter valued at $39,000. Global Retirement Partners LLC boosted its position in AMC Entertainment by 24.4% in the 4th quarter. Global Retirement Partners LLC now owns 76,419 shares of the company’s stock valued at $119,000 after buying an additional 14,978 shares during the last quarter. Finally, ProShare Advisors LLC increased its stake in shares of AMC Entertainment by 26.9% in the 4th quarter. ProShare Advisors LLC now owns 94,478 shares of the company’s stock valued at $147,000 after buying an additional 20,038 shares during the period. 28.80% of the stock is currently owned by 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.