Analysts Set AMC Entertainment Holdings, Inc. (NYSE:AMC) Target Price at $2.53

AMC Entertainment Holdings, Inc. (NYSE:AMC) has been assigned a consensus rating of “Moderate Buy” from the ten research firms that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, three have assigned a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $2.5286.

AMC has been the subject of several recent research reports. Weiss Ratings upgraded shares of AMC Entertainment from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, August 3rd. Roth Capital set a $1.50 price target on shares of AMC Entertainment in a research note on Tuesday, May 19th. Wedbush restated an “outperform” rating and set a $4.00 price target (up from $3.00) on shares of AMC Entertainment in a research note on Tuesday, July 21st. Needham & Company LLC set a $3.50 price objective on shares of AMC Entertainment in a report on Tuesday, July 21st. Finally, UBS Group reiterated a “buy” rating on shares of AMC Entertainment in a research note on Tuesday, July 21st.

Insider Activity

In related news, CEO Adam M. Aron purchased 250,000 shares of the business’s stock in a transaction dated Tuesday, May 19th. The stock was purchased 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 directly owned 2,437,020 shares of the company’s stock, valued at approximately $3,363,087.60. The trade was a 11.43% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 0.43% of the stock is currently owned by corporate insiders.

Institutional Trading of AMC Entertainment

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Summit Asset Management LLC purchased a new stake in AMC Entertainment during the 2nd quarter worth about $28,000. Triumph Capital Management grew its holdings in AMC Entertainment by 139.0% during 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 grew its holdings in AMC Entertainment by 90.7% during the 1st quarter. Royal Bank of Canada now owns 33,657 shares of the company’s stock valued at $33,000 after buying an additional 16,011 shares in the last quarter. Pitcairn Co. purchased a new position in AMC Entertainment during the 2nd quarter valued at about $34,000. Finally, Powell Investment Advisors LLC bought a new stake in shares of AMC Entertainment during the fourth quarter valued at about $39,000. 28.80% of the stock is currently owned by institutional investors.

AMC Entertainment Stock Performance

Shares of AMC opened at $2.50 on Thursday. The business has a 50-day moving average of $2.28 and a 200 day moving average of $1.68. AMC Entertainment has a fifty-two week low of $0.93 and a fifty-two week high of $3.18. The firm has a market cap of $2.23 billion, a P/E ratio of -2.33 and a beta of 2.06.

AMC Entertainment (NYSE:AMC) last announced its quarterly earnings data on Monday, July 20th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.17. The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.50 billion. As a group, research analysts predict that AMC Entertainment will post -0.2 earnings per share for the current fiscal year.

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.