AMC Entertainment (NYSE:AMC) Stock Rating Upgraded by Zacks Research

AMC Entertainment (NYSE:AMC) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other research firms also recently weighed in on AMC. Texas Capital upgraded shares of AMC Entertainment from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 15th. Weiss Ratings cut shares of AMC Entertainment from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday. B. Riley Financial reissued a “buy” rating on shares of AMC Entertainment in a research report on Thursday, June 11th. Wedbush reaffirmed an “outperform” rating and issued a $4.00 price target (up from $3.00) on shares of AMC Entertainment in a research report on Tuesday. Finally, Benchmark reiterated a “buy” rating and set a $3.00 price target (up from $2.50) on shares of AMC Entertainment in a research note on Tuesday. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $2.53.

AMC Entertainment Stock Down 9.5%

NYSE AMC opened at $2.23 on Monday. The company has a market cap of $1.99 billion, a price-to-earnings ratio of -2.08 and a beta of 2.08. AMC Entertainment has a 52 week low of $0.93 and a 52 week high of $3.55. The business has a 50 day moving average price of $1.93 and a 200-day moving average price of $1.56.

AMC Entertainment (NYSE:AMC) last issued its earnings results on Monday, July 20th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.17. The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.50 billion. On average, equities research analysts anticipate that AMC Entertainment will post -0.37 earnings per share for the current year.

Insider Activity

In other news, CEO Adam M. Aron purchased 250,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The shares were acquired at an average cost of $1.38 per share, for a total transaction of $345,000.00. Following the completion of the acquisition, the chief executive officer owned 2,437,020 shares in the company, valued at $3,363,087.60. This trade represents a 11.43% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.43% of the stock is currently owned by insiders.

Hedge Funds Weigh In On AMC Entertainment

Several hedge funds have recently modified their holdings of the company. Triumph Capital Management boosted its stake in shares of AMC Entertainment by 139.0% in the 4th quarter. Triumph Capital Management now owns 19,000 shares of the company’s stock worth $30,000 after buying an additional 11,050 shares during the last quarter. Royal Bank of Canada increased its position in shares of AMC Entertainment by 90.7% during the first quarter. Royal Bank of Canada now owns 33,657 shares of the company’s stock valued at $33,000 after acquiring an additional 16,011 shares during the last quarter. Pitcairn Co. bought a new stake in AMC Entertainment during the second quarter worth $34,000. Powell Investment Advisors LLC bought a new stake in AMC Entertainment during the fourth quarter worth $39,000. Finally, Corient Private Wealth LLC purchased a new position in AMC Entertainment in the fourth quarter worth $41,000. Institutional investors own 28.80% of the company’s stock.

AMC Entertainment News Summary

Here are the key news stories impacting AMC Entertainment this week:

• Positive Sentiment: AMC reported record quarterly revenue of $1.60 billion and an adjusted profit of $0.14 per share, both ahead of Wall Street expectations, signaling that the box-office recovery is translating into better-than-expected results. Article Title
• Positive Sentiment: Attendance rose sharply, helped by a strong slate of summer films including “The Odyssey,” which boosted ticket sales, food and beverage spending, and adjusted EBITDA to a record level. Article Title
• Positive Sentiment: Management said AMC is now “within sight” of generating positive free cash flow for a full year, while also highlighting debt reduction and improved operating momentum, which could support a longer-term turnaround view. Article Title
• Neutral Sentiment: AMC was added to the Zacks Rank #1 (Strong Buy) list, which may bolster sentiment, but this is more of a ratings-driven signal than a direct business catalyst. Article Title
• Neutral Sentiment: After the big earnings-driven rally, one report noted the stock retreating as the initial excitement around earnings and “The Odyssey” cooled, suggesting some near-term consolidation. Article Title

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.