Brokerages Set AMC Entertainment Holdings, Inc. (NYSE:AMC) Target Price at $1.80

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMCGet Free Report) have earned an average recommendation of “Moderate Buy” from the ten brokerages that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation, three have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $2.5286.

A number of analysts recently commented on AMC shares. Roth Capital set a $1.50 target price on shares of AMC Entertainment in a report on Tuesday, May 19th. UBS Group restated a “buy” rating on shares of AMC Entertainment in a report on Tuesday. Wall Street Zen upgraded shares of AMC Entertainment from a “strong sell” rating to a “hold” rating in a research report on Saturday, May 9th. B. Riley Financial restated a “neutral” rating and issued a $2.50 price target (up from $2.25) on shares of AMC Entertainment in a research report on Wednesday. Finally, Benchmark reaffirmed a “buy” rating and issued a $3.00 price target (up from $2.50) on shares of AMC Entertainment in a report on Tuesday.

View Our Latest Analysis on AMC

Insider Activity

In related news, CEO Adam M. Aron bought 250,000 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 2,437,020 shares of the company’s stock, valued at approximately $3,363,087.60. This trade represents a 11.43% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.43% of the stock is owned by insiders.

Hedge Funds Weigh In On AMC Entertainment

A number of hedge funds and other institutional investors have recently modified their holdings of AMC. Essential Partners LLC increased its stake in AMC Entertainment by 244,580.6% in the 1st quarter. Essential Partners LLC now owns 88,085 shares of the company’s stock worth $86,000 after purchasing an additional 88,049 shares in the last quarter. Bank of America Corp DE lifted its stake in AMC Entertainment by 34.3% during the first quarter. Bank of America Corp DE now owns 543,857 shares of the company’s stock valued at $533,000 after buying an additional 138,853 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of AMC Entertainment by 90.7% in 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 period. SummitTX Capital L.P. purchased a new position in shares of AMC Entertainment in the first quarter worth approximately $73,000. Finally, Wealthfront Advisers LLC increased its position in shares of AMC Entertainment by 36.8% in the first quarter. Wealthfront Advisers LLC now owns 196,830 shares of the company’s stock worth $193,000 after acquiring an additional 52,902 shares in the last quarter. Institutional investors and hedge funds own 28.80% of the company’s stock.

Key Headlines Impacting AMC Entertainment

Here are the key news stories impacting AMC Entertainment this week:

AMC Entertainment Stock Up 0.6%

NYSE:AMC opened at $2.26 on Friday. The business’s 50-day moving average price is $1.97 and its 200 day moving average price is $1.57. The firm has a market cap of $2.02 billion, a P/E ratio of -2.12 and a beta of 2.08. AMC Entertainment has a 52-week low of $0.93 and a 52-week high of $3.45.

AMC Entertainment (NYSE:AMCGet Free Report) last issued its quarterly earnings results on Monday, July 20th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.17. The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.50 billion. Sell-side analysts expect that AMC Entertainment will post -0.35 EPS for the current year.

AMC Entertainment Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for AMC Entertainment (NYSE:AMC)

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