AMC Entertainment (NYSE:AMC) Stock Rating Upgraded by Texas Capital

AMC Entertainment (NYSE:AMC) was upgraded by research analysts at Texas Capital from a “hold” rating to a “strong-buy” rating in a note issued to investors on Wednesday,Zacks.com reports.

Several other research analysts also recently commented on the stock. Citigroup raised their price target 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. Wall Street Zen raised AMC Entertainment from a “strong sell” rating to a “hold” rating in a research report on Saturday, May 9th. Roth Capital set a $1.50 price objective on shares of AMC Entertainment in a research note on Tuesday, May 19th. B. Riley Financial reiterated a “buy” rating on shares of AMC Entertainment in a research note on Thursday, June 11th. Finally, Weiss Ratings raised shares of AMC Entertainment from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, AMC Entertainment presently has an average rating of “Hold” and an average target price of $1.80.

AMC Entertainment Stock Performance

NYSE AMC opened at $2.06 on Wednesday. AMC Entertainment has a fifty-two week low of $0.93 and a fifty-two week high of $3.60. The company has a market cap of $1.84 billion, a P/E ratio of -1.95 and a beta of 2.08. The business’s 50 day moving average price is $1.88 and its 200-day moving average price is $1.55.

AMC Entertainment (NYSE:AMC) last released 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 firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $979.19 million. During the same period in the previous year, the business earned ($0.58) EPS. The company’s revenue was up 21.2% on a year-over-year basis. As a group, equities analysts predict that AMC Entertainment will post -0.37 EPS for the current year.

Insider Transactions at AMC Entertainment

In other AMC Entertainment news, CEO Adam M. Aron acquired 250,000 shares of the company’s stock in a transaction on Tuesday, May 19th. The shares were bought at an average cost of $1.38 per share, with a total value of $345,000.00. Following the completion of the acquisition, the chief executive officer owned 2,437,020 shares in the company, valued at approximately $3,363,087.60. This trade represents a 11.43% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.43% of the company’s stock.

Hedge Funds Weigh In On AMC Entertainment

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Triumph Capital Management lifted its stake in AMC Entertainment by 139.0% in the 4th quarter. Triumph Capital Management now owns 19,000 shares of the company’s stock valued at $30,000 after buying an additional 11,050 shares in the last quarter. Royal Bank of Canada boosted its stake in AMC Entertainment by 90.7% during the first quarter. Royal Bank of Canada now owns 33,657 shares of the company’s stock worth $33,000 after buying an additional 16,011 shares during the last quarter. Pitcairn Co. purchased a new stake in shares of AMC Entertainment in the second quarter valued at about $34,000. Powell Investment Advisors LLC purchased a new stake in shares of AMC Entertainment in the 4th quarter valued at approximately $39,000. Finally, Corient Private Wealth LLC purchased a new position in AMC Entertainment in the fourth quarter worth approximately $41,000. 28.80% of the stock is owned by hedge funds and other 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.