AMC Entertainment (NYSE:AMC) Trading Up 7% – Should You Buy?

AMC Entertainment Holdings, Inc. (NYSE:AMC) rose 7% during mid-day trading on Tuesday . The company traded as high as $1.4550 and last traded at $1.4550. Approximately 6,538,233 shares traded hands during trading, a decline of 81% from the average daily volume of 34,402,141 shares. The stock had previously closed at $1.36.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on AMC. Roth Mkm set a $1.50 price target on AMC Entertainment in a research report on Tuesday. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of AMC Entertainment in a report on Monday, April 20th. Wall Street Zen raised AMC Entertainment from a “strong sell” rating to a “hold” rating in a report on Saturday, May 9th. Benchmark upgraded AMC Entertainment from a “hold” rating to a “buy” rating and set a $2.50 price objective on the stock in a research report on Wednesday, May 6th. Finally, Citigroup lifted their target price on shares of AMC Entertainment from $1.10 to $1.20 and gave the company a “sell” rating in a report on Thursday, May 7th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, AMC Entertainment has an average rating of “Hold” and an average target price of $2.24.

AMC Entertainment Price Performance

The company has a market capitalization of $847.72 million, a price-to-earnings ratio of -1.31 and a beta of 2.14. The firm has a fifty day simple moving average of $1.32 and a 200 day simple moving average of $1.62.

AMC Entertainment (NYSE:AMC) last posted its quarterly earnings data 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 business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $979.19 million. The business’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.58) EPS. Research analysts predict that AMC Entertainment Holdings, Inc. will post -0.36 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in AMC. UBS Group AG boosted its stake in 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. Vanguard Group Inc. raised its position in shares of AMC Entertainment by 13.1% in the third quarter. Vanguard Group Inc. now owns 50,119,260 shares of the company’s stock valued at $145,346,000 after buying an additional 5,793,996 shares during the last quarter. Jump Financial LLC purchased a new position in shares of AMC Entertainment in the third quarter worth about $4,827,000. JPMorgan Chase & Co. lifted its stake in shares of AMC Entertainment by 87.6% in the fourth quarter. JPMorgan Chase & Co. now owns 3,120,561 shares of the company’s stock worth $4,868,000 after buying an additional 1,457,493 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in AMC Entertainment by 20.6% during the 4th quarter. Renaissance Technologies LLC now owns 8,009,819 shares of the company’s stock valued at $12,495,000 after acquiring an additional 1,369,000 shares in the last quarter. 28.80% of the stock is owned by institutional investors and hedge funds.

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.