AMC Entertainment (NYSE:AMC) Trading 6% Higher – Still a Buy?

AMC Entertainment Holdings, Inc. (NYSE:AMC) was up 6% during mid-day trading on Monday . The company traded as high as $1.02 and last traded at $1.0050. Approximately 4,125,628 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 35,759,230 shares. The stock had previously closed at $0.9482.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Macquarie Infrastructure dropped their price target on shares of AMC Entertainment from $3.00 to $2.00 and set a “neutral” rating on the stock in a research note on Thursday, January 15th. Citigroup reduced their price objective on shares of AMC Entertainment from $1.30 to $1.10 and set a “sell” rating for the company in a research note on Wednesday, February 25th. Weiss Ratings reissued a “sell (e+)” rating on shares of AMC Entertainment in a research report on Wednesday, January 21st. Finally, Roth Mkm cut their target price on AMC Entertainment from $2.00 to $1.50 and set a “neutral” rating on the stock in a report on Wednesday, February 25th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, AMC Entertainment currently has a consensus rating of “Reduce” and an average price target of $2.32.

AMC Entertainment Stock Performance

The company’s 50 day moving average is $1.22 and its 200 day moving average is $1.93. The stock has a market capitalization of $532.20 million, a price-to-earnings ratio of -0.77 and a beta of 1.85.

AMC Entertainment (NYSE:AMC) last posted its quarterly earnings data on Saturday, January 31st. The company reported ($0.24) earnings per share (EPS) for the quarter. The firm had revenue of $1.29 billion for the quarter. On average, equities research analysts anticipate that AMC Entertainment Holdings, Inc. will post -1.38 earnings per share for the current fiscal year.

Institutional Trading of AMC Entertainment

A number of hedge funds have recently modified their holdings of AMC. Hsbc Holdings PLC grew its holdings in shares of AMC Entertainment by 74.1% during the 4th quarter. Hsbc Holdings PLC now owns 320,971 shares of the company’s stock worth $504,000 after purchasing an additional 136,610 shares in the last quarter. Corient Private Wealth LLC acquired a new position in shares of AMC Entertainment in the fourth quarter valued at $41,000. Caitong International Asset Management Co. Ltd lifted its position in AMC Entertainment by 3,100.8% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 225,685 shares of the company’s stock worth $352,000 after purchasing an additional 218,634 shares during the period. Alpine Global Management LLC bought a new position in AMC Entertainment in the fourth quarter worth $178,000. Finally, Invesco Ltd. boosted its stake in AMC Entertainment by 7.4% during the fourth quarter. Invesco Ltd. now owns 685,189 shares of the company’s stock worth $1,069,000 after buying an additional 47,476 shares in the last quarter. Institutional investors own 28.80% of the company’s stock.

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.