AMC Entertainment (NYSE:AMC) Shares Up 7.2% – Time to Buy?

AMC Entertainment Holdings, Inc. (NYSE:AMC)’s share price shot up 7.2% on Tuesday . The stock traded as high as $2.43 and last traded at $2.4450. 25,384,938 shares changed hands during 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 subject of several analyst reports. Wall Street Zen upgraded AMC Entertainment from a “strong sell” rating to a “hold” rating in a research note on Saturday, May 9th. Citigroup lifted their target price on AMC Entertainment from $1.10 to $1.20 and gave the company a “sell” rating in a research report on Thursday, May 7th. Weiss Ratings restated a “sell (e+)” rating on shares of AMC Entertainment in a research report on Monday, April 20th. Roth Mkm set a $1.50 price objective on AMC Entertainment in a research note on Tuesday, May 19th. Finally, B. Riley Financial reiterated a “buy” rating on shares of AMC Entertainment in a research note on Thursday, June 11th. Three equities 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’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $2.24.

AMC Entertainment Stock Up 5.1%

The stock has a market capitalization of $1.71 billion, a PE ratio of -2.64 and a beta of 2.22. The stock’s 50 day moving average price is $1.68 and its 200-day moving average price is $1.54.

AMC Entertainment (NYSE:AMC) last released its earnings results on Tuesday, May 5th. The company reported ($0.36) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.04). The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $979.19 million. The business’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same quarter last year, the business posted ($0.58) EPS. On average, analysts forecast that AMC Entertainment Holdings, Inc. will post -0.37 earnings per share for the current year.

Insider Activity

In other AMC Entertainment news, CEO Adam M. Aron bought 250,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were bought at an average price of $1.38 per share, with a total value of $345,000.00. Following the purchase, the chief executive officer owned 2,437,020 shares of the company’s stock, valued at $3,363,087.60. This trade represents a 11.43% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.43% of the company’s stock.

Institutional Investors Weigh In On AMC Entertainment

Institutional investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of AMC Entertainment by 21.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 240,255 shares of the company’s stock valued at $690,000 after buying an additional 41,860 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of AMC Entertainment by 30.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 710,181 shares of the company’s stock worth $2,038,000 after acquiring an additional 164,740 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of AMC Entertainment by 19.8% during the second quarter. JPMorgan Chase & Co. now owns 1,820,405 shares of the company’s stock worth $5,643,000 after acquiring an additional 300,376 shares during the last quarter. Prudential Financial Inc. grew its stake in AMC Entertainment by 89.6% during the second quarter. Prudential Financial Inc. now owns 55,685 shares of the company’s stock valued at $173,000 after acquiring an additional 26,310 shares in the last quarter. Finally, Hsbc Holdings PLC grew its stake in AMC Entertainment by 9.2% during the second quarter. Hsbc Holdings PLC now owns 102,506 shares of the company’s stock valued at $315,000 after acquiring an additional 8,629 shares in the last quarter. 28.80% of the stock is owned by hedge funds and other institutional investors.

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.