AMC Entertainment (NYSE:AMC) Shares Gap Up After Analyst Upgrade

AMC Entertainment Holdings, Inc. (NYSE:AMC)’s stock price gapped up prior to trading on Wednesday after Texas Capital upgraded the stock from a hold rating to a strong-buy rating. The stock had previously closed at $1.96, but opened at $2.0450. AMC Entertainment shares last traded at $2.0450, with a volume of 18,001,098 shares traded.

A number of other research analysts have also weighed in on AMC. B. Riley Financial restated a “buy” rating on shares of AMC Entertainment in a report 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. 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. Wall Street Zen upgraded shares of AMC Entertainment from a “strong sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Citigroup raised their target price on shares of AMC Entertainment from $1.10 to $1.20 and gave the stock a “sell” rating in a research note on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $1.80.

Insider Activity at AMC Entertainment

In other news, CEO Adam M. Aron purchased 250,000 shares of the stock in a transaction dated Tuesday, May 19th. The shares were purchased at an average price of $1.38 per share, with a total value of $345,000.00. Following the transaction, 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 Securities & Exchange Commission, which is available at this hyperlink. 0.43% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On AMC Entertainment

Several hedge funds and other institutional investors have recently bought and sold shares of AMC. Caitong International Asset Management Co. Ltd boosted its holdings in AMC Entertainment by 3,100.8% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 225,685 shares of the company’s stock valued at $352,000 after purchasing an additional 218,634 shares during the last quarter. SummitTX Capital L.P. acquired a new stake in shares of AMC Entertainment during the 1st quarter worth approximately $73,000. Hsbc Holdings PLC raised its position in shares of AMC Entertainment by 74.1% during the 4th quarter. Hsbc Holdings PLC now owns 320,971 shares of the company’s stock valued at $504,000 after buying an additional 136,610 shares during the period. SG Americas Securities LLC purchased a new stake in shares of AMC Entertainment during the 1st quarter valued at approximately $147,000. Finally, R Squared Ltd lifted its holdings in AMC Entertainment by 349.7% in the first quarter. R Squared Ltd now owns 100,186 shares of the company’s stock valued at $98,000 after acquiring an additional 77,906 shares during the last quarter. 28.80% of the stock is currently owned by institutional investors and hedge funds.

AMC Entertainment Price Performance

The stock has a market capitalization of $1.84 billion, a price-to-earnings ratio of -1.95 and a beta of 2.08. The business has a fifty day moving average of $1.89 and a 200 day moving average of $1.55.

AMC Entertainment (NYSE:AMC) last posted its earnings results on Tuesday, May 5th. The company reported ($0.36) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.32) by ($0.04). The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $979.19 million. During the same period last year, the business posted ($0.58) earnings per share. The firm’s revenue was up 21.2% compared to the same quarter last year. On average, equities research analysts expect that AMC Entertainment Holdings, Inc. will post -0.35 EPS for the current year.

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.