AMC Entertainment (NYSE:AMC) Shares Up 7.7% – Should You Buy?

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) were up 7.7% during mid-day trading on Friday . The company traded as high as $2.05 and last traded at $2.0350. Approximately 19,550,531 shares traded hands during mid-day trading, a decline of 47% from the average session volume of 36,899,078 shares. The stock had previously closed at $1.89.

Wall Street Analyst Weigh In

AMC has been the subject of a number of research analyst reports. Citigroup lifted their price target on AMC Entertainment from $1.10 to $1.20 and gave the stock a “sell” rating in a report on Thursday, May 7th. Roth Mkm set a $1.50 price objective on AMC Entertainment in a research note on Tuesday, May 19th. Weiss Ratings raised AMC Entertainment from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday. B. Riley Financial reiterated a “buy” rating on shares of AMC Entertainment in a research note on Thursday, June 11th. Finally, Benchmark raised AMC Entertainment from a “hold” rating to a “buy” rating and set a $2.50 target price on the stock in a report on Wednesday, May 6th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, AMC Entertainment currently has an average rating of “Hold” and a consensus price target of $2.24.

AMC Entertainment Price Performance

The company’s 50-day moving average price is $1.81 and its two-hundred day moving average price is $1.55. The company has a market capitalization of $1.25 billion, a P/E ratio of -1.92 and a beta of 2.22.

AMC Entertainment (NYSE:AMC) last announced its earnings results on Tuesday, May 5th. The company reported ($0.36) EPS for the quarter, missing the consensus estimate of ($0.32) by ($0.04). The company had revenue of $1.05 billion for the quarter, compared to analyst estimates 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 last year, the firm earned ($0.58) earnings per share. On average, analysts anticipate that AMC Entertainment Holdings, Inc. will post -0.37 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Adam M. Aron acquired 250,000 shares of AMC Entertainment stock in a transaction dated Tuesday, May 19th. The stock was bought at an average price of $1.38 per share, for a total transaction of $345,000.00. Following the completion of the acquisition, the chief executive officer directly owned 2,437,020 shares in the company, valued at approximately $3,363,087.60. The trade was a 11.43% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.43% of the stock is currently owned by corporate insiders.

Institutional Trading of AMC Entertainment

Several hedge funds have recently added to or reduced their stakes in the company. Pitcairn Co. acquired a new position in AMC Entertainment in the 2nd quarter valued at $34,000. One Capital Management LLC acquired a new stake in shares of AMC Entertainment during the third quarter worth $44,000. Swiss Life Asset Management Ltd lifted its holdings in shares of AMC Entertainment by 59.5% during the third quarter. Swiss Life Asset Management Ltd now owns 17,512 shares of the company’s stock worth $51,000 after buying an additional 6,536 shares in the last quarter. Triumph Capital Management boosted its position in shares of AMC Entertainment by 139.0% in the fourth quarter. Triumph Capital Management now owns 19,000 shares of the company’s stock valued at $30,000 after acquiring an additional 11,050 shares during the period. Finally, Voleon Capital Management LP bought a new stake in shares of AMC Entertainment in the third quarter valued at about $59,000. 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.