AMC Entertainment (NYSE:AMC) Trading Up 14.1% – Time to Buy?

AMC Entertainment Holdings, Inc. (NYSE:AMC) shares shot up 14.1% during mid-day trading on Friday . The company traded as high as $1.51 and last traded at $1.6550. 16,097,792 shares changed hands during trading, a decline of 45% from the average session volume of 29,277,258 shares. The stock had previously closed at $1.45.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on AMC. Wall Street Zen downgraded AMC Entertainment from a “hold” rating to a “strong sell” rating in a report on Saturday, November 8th. Weiss Ratings restated a “sell (e+)” rating on shares of AMC Entertainment in a report on Wednesday, October 8th. Citigroup dropped their price objective on shares of AMC Entertainment from $2.70 to $2.30 and set a “sell” rating on the stock in a research note on Thursday, November 13th. Finally, Zacks Research lowered shares of AMC Entertainment from a “strong-buy” rating to a “hold” rating in a report on Friday, November 7th. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $3.26.

AMC Entertainment Price Performance

The firm has a market capitalization of $838.66 million, a P/E ratio of -1.16 and a beta of 0.72. The stock’s fifty day simple moving average is $2.05 and its 200 day simple moving average is $2.63.

AMC Entertainment (NYSE:AMC) last issued its quarterly earnings data on Wednesday, November 5th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.03). The firm had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter in the prior year, the firm posted ($0.04) earnings per share. The firm’s revenue was down 3.6% on a year-over-year basis. As a group, sell-side analysts forecast that AMC Entertainment Holdings, Inc. will post -1.38 EPS for the current fiscal year.

Institutional Trading of AMC Entertainment

A number of institutional investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in AMC Entertainment by 21.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 240,255 shares of the company’s stock valued at $690,000 after buying an additional 41,860 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in AMC Entertainment by 30.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 710,181 shares of the company’s stock worth $2,038,000 after acquiring an additional 164,740 shares in the last quarter. Rhumbline Advisers grew its stake in shares of AMC Entertainment by 5.5% during the first quarter. Rhumbline Advisers now owns 539,188 shares of the company’s stock worth $1,547,000 after acquiring an additional 28,017 shares during the last quarter. Kapitalo Investimentos Ltda acquired a new position in shares of AMC Entertainment during the second quarter valued at about $40,000. Finally, KLP Kapitalforvaltning AS raised its position in shares of AMC Entertainment by 22.9% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 89,192 shares of the company’s stock valued at $276,000 after purchasing an additional 16,600 shares during the last quarter. Institutional investors and hedge funds own 28.80% of the company’s stock.

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.