AMC Entertainment (NYSE:AMC) Stock Price Up 7.2% – Here’s Why

AMC Entertainment Holdings, Inc. (NYSE:AMC)’s stock price shot up 7.2% during mid-day trading on Monday . The company traded as high as $1.59 and last traded at $1.5550. 7,935,176 shares changed hands during mid-day trading, a decline of 78% from the average session volume of 35,326,375 shares. The stock had previously closed at $1.45.

Wall Street Analyst Weigh In

A number of analysts recently commented on AMC shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of AMC Entertainment in a research report on Monday, April 20th. B. Riley Financial reaffirmed a “neutral” rating on shares of AMC Entertainment in a research report on Friday, April 17th. Macquarie Infrastructure decreased their target price on AMC Entertainment from $3.00 to $2.00 and set a “neutral” rating for the company in a research report on Thursday, January 15th. Citigroup decreased their price objective on AMC Entertainment from $1.30 to $1.10 and set a “sell” rating for the company in a report on Wednesday, February 25th. Finally, Roth Mkm reissued a “neutral” rating and set a $2.00 price objective on shares of AMC Entertainment in a report on Thursday, April 23rd. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, AMC Entertainment presently has an average rating of “Reduce” and a consensus target price of $2.42.

AMC Entertainment Stock Down 1.0%

The firm has a 50 day moving average of $1.27 and a 200 day moving average of $1.71. The firm has a market cap of $759.90 million, a PE ratio of -1.10 and a beta of 2.14.

AMC Entertainment (NYSE:AMC) last posted its quarterly earnings data on Saturday, January 31st. The company reported ($0.24) EPS for the quarter. The company had revenue of $1.29 billion during the quarter. On average, research analysts anticipate that AMC Entertainment Holdings, Inc. will post -0.36 EPS for the current year.

Institutional Investors Weigh In On AMC Entertainment

Institutional investors have recently made changes to their positions in the stock. Jones Financial Companies Lllp lifted its position in shares of AMC Entertainment by 761.8% during the third quarter. Jones Financial Companies Lllp now owns 8,480 shares of the company’s stock worth $25,000 after acquiring an additional 7,496 shares in the last quarter. Gradient Capital Advisors LLC bought a new position in AMC Entertainment in the third quarter valued at $29,000. Pitcairn Co. bought a new position in AMC Entertainment in the second quarter valued at $34,000. Citizens Financial Group Inc. RI bought a new position in shares of AMC Entertainment during the third quarter valued at about $34,000. Finally, One Capital Management LLC bought a new position in shares of AMC Entertainment during the third quarter valued at about $44,000. 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.