AMC Entertainment (NYSE:AMC) Announces Earnings Results, Beats Estimates By $0.13 EPS

AMC Entertainment (NYSE:AMC) released its quarterly earnings results on Monday. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.13, Zacks reports.

AMC Entertainment Trading Up 14.9%

Shares of AMC stock opened at $2.23 on Monday. The business’s fifty day simple moving average is $1.90 and its 200-day simple moving average is $1.55. AMC Entertainment has a 12-month low of $0.93 and a 12-month high of $3.60. The company has a market cap of $1.99 billion, a PE ratio of -2.15 and a beta of 2.08.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on AMC shares. Weiss Ratings upgraded AMC Entertainment from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, June 23rd. Citigroup raised their price objective on 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 Capital set a $1.50 price target on shares of AMC Entertainment in a research note on Tuesday, May 19th. Finally, Texas Capital upgraded AMC Entertainment from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $1.80.

Insider Activity

In other news, CEO Adam M. Aron bought 250,000 shares of the 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 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.43% of the stock is currently owned by insiders.

Institutional Trading of AMC Entertainment

Several institutional investors have recently modified their holdings of AMC. UBS Group AG raised its position in shares of AMC Entertainment by 4,537.9% during the 3rd quarter. UBS Group AG now owns 23,194,957 shares of the company’s stock worth $67,265,000 after purchasing an additional 22,694,842 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of AMC Entertainment by 9.2% in the fourth quarter. Geode Capital Management LLC now owns 12,254,550 shares of the company’s stock valued at $19,121,000 after acquiring an additional 1,029,668 shares in the last quarter. State Street Corp boosted its stake in shares of AMC Entertainment by 12.7% in the fourth quarter. State Street Corp now owns 11,349,046 shares of the company’s stock worth $17,705,000 after acquiring an additional 1,278,974 shares during the last quarter. Renaissance Technologies LLC increased its position 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 purchasing an additional 1,369,000 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in AMC Entertainment by 87.6% in the 4th quarter. JPMorgan Chase & Co. now owns 3,120,561 shares of the company’s stock valued at $4,868,000 after purchasing an additional 1,457,493 shares during the last quarter. Institutional investors and hedge funds own 28.80% of the company’s stock.

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.