AMC Entertainment (NYSE:AMC) Releases Quarterly Earnings Results

AMC Entertainment (NYSE:AMC) announced its earnings results on Monday. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.09), FiscalAI reports. The company had revenue of $1.29 billion for the quarter.

AMC Entertainment Trading Down 2.0%

AMC opened at $1.20 on Monday. The company’s 50 day moving average is $1.53 and its 200-day moving average is $2.27. The company has a market cap of $614.10 million, a P/E ratio of -0.85 and a beta of 1.77. AMC Entertainment has a 1-year low of $1.19 and a 1-year high of $4.08.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on AMC shares. Citigroup reaffirmed a “sell” rating and issued a $1.30 price objective (down previously from $2.30) on shares of AMC Entertainment in a research report on Monday, January 12th. Zacks Research lowered shares of AMC Entertainment from a “strong-buy” rating to a “hold” rating in a report on Friday, November 7th. Weiss Ratings reiterated a “sell (e+)” rating on shares of AMC Entertainment in a report on Wednesday, January 21st. Wall Street Zen downgraded AMC Entertainment from a “hold” rating to a “strong sell” rating in a report on Saturday, November 8th. Finally, Macquarie Infrastructure cut their price objective on AMC Entertainment from $3.00 to $2.00 and set a “neutral” rating on the stock in a research report on Thursday, January 15th. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $2.66.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. UBS Group AG grew its position 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 acquiring an additional 22,694,842 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of AMC Entertainment by 9.2% during the fourth quarter. Geode Capital Management LLC now owns 12,254,550 shares of the company’s stock valued at $19,121,000 after purchasing an additional 1,029,668 shares in the last quarter. State Street Corp increased its stake in shares of AMC Entertainment by 12.7% in the fourth quarter. State Street Corp now owns 11,349,046 shares of the company’s stock valued at $17,705,000 after buying an additional 1,278,974 shares during the period. Renaissance Technologies LLC raised its holdings in AMC Entertainment by 20.6% in the 4th quarter. Renaissance Technologies LLC now owns 8,009,819 shares of the company’s stock valued at $12,495,000 after buying an additional 1,369,000 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in AMC Entertainment by 87.6% in the 4th quarter. JPMorgan Chase & Co. now owns 3,120,561 shares of the company’s stock valued at $4,868,000 after buying an additional 1,457,493 shares during the last quarter. 28.80% of the stock is currently owned by institutional investors.

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.