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

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

Several other analysts have also recently issued reports on the company. Benchmark upgraded AMC Entertainment from a “hold” rating to a “buy” rating and set a $2.50 price objective on the stock in a research note on Wednesday, May 6th. Wall Street Zen raised AMC Entertainment from a “strong sell” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings raised AMC Entertainment from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, June 23rd. B. Riley Financial restated a “buy” rating on shares of AMC Entertainment in a report on Thursday, June 11th. Finally, Roth Capital set a $1.50 price target on AMC Entertainment in a research report on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $1.80.

AMC Entertainment Stock Down 0.2%

Shares of 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 firm’s 50 day moving average price is $1.89 and its 200 day moving average price is $1.55. The company has a market cap of $1.84 billion, a P/E ratio of -1.95 and a beta of 2.08.

AMC Entertainment (NYSE:AMC) last issued its quarterly earnings results on Tuesday, May 5th. The company reported ($0.36) EPS for the quarter, missing the consensus estimate of ($0.32) by ($0.04). The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $979.19 million. The firm’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.58) earnings per share. Research analysts forecast that AMC Entertainment will post -0.35 earnings per share for the current year.

Insider Activity at AMC Entertainment

In other 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 transaction, 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 position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.43% of the company’s stock.

Institutional Investors Weigh In On AMC Entertainment

Several institutional investors have recently modified their holdings of AMC. Essential Partners LLC grew its stake in shares of AMC Entertainment by 244,580.6% during the first 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 raised its stake in AMC Entertainment by 34.3% in 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 raised its stake in AMC Entertainment by 90.7% in the first 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. SummitTX Capital L.P. purchased a new stake in AMC Entertainment during the 1st quarter worth about $73,000. Finally, Wealthfront Advisers LLC lifted its holdings in AMC Entertainment by 36.8% during the 1st quarter. Wealthfront Advisers LLC now owns 196,830 shares of the company’s stock worth $193,000 after buying an additional 52,902 shares during the last quarter. 28.80% of the stock is owned by hedge funds and other institutional investors.

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.