AMC Entertainment (NYSE:AMC) Upgraded at Zacks Research

Zacks Research upgraded shares of AMC Entertainment (NYSE:AMCFree Report) from a hold rating to a strong-buy rating in a research report sent to investors on Monday morning,Zacks.com reports.

Several other analysts also recently issued reports on the stock. Weiss Ratings downgraded shares of AMC Entertainment from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday. Needham & Company LLC set a $3.50 target price on shares of AMC Entertainment in a report on Tuesday. Wall Street Zen raised shares of AMC Entertainment from a “strong sell” rating to a “hold” rating in a research report on Saturday, May 9th. UBS Group restated a “buy” rating on shares of AMC Entertainment in a report on Tuesday. Finally, Roth Capital set a $1.50 price target on AMC Entertainment in a research report on Tuesday, May 19th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, AMC Entertainment presently has a consensus rating of “Moderate Buy” and a consensus target price of $2.53.

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AMC Entertainment Stock Up 2.5%

AMC stock opened at $2.25 on Monday. The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of -2.11 and a beta of 2.08. AMC Entertainment has a 12 month low of $0.93 and a 12 month high of $3.52. The firm has a 50 day moving average of $1.95 and a two-hundred day moving average of $1.57.

AMC Entertainment (NYSE:AMCGet Free Report) last issued its quarterly earnings data on Monday, July 20th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.17. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.50 billion. On average, research analysts expect that AMC Entertainment will post -0.37 EPS for the current fiscal year.

Insider Activity

In related news, CEO Adam M. Aron acquired 250,000 shares of the stock in a transaction dated Tuesday, May 19th. The shares were acquired at an average price of $1.38 per share, for a total transaction of $345,000.00. Following the completion of the purchase, the chief executive officer owned 2,437,020 shares in the company, valued at approximately $3,363,087.60. The trade was a 11.43% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.43% of the company’s stock.

Institutional Trading of AMC Entertainment

Hedge funds have recently bought and sold shares of the stock. Pitcairn Co. bought a new position in shares of AMC Entertainment during the 2nd quarter worth about $34,000. One Capital Management LLC bought a new stake in shares of AMC Entertainment in the third quarter valued at about $44,000. Swiss Life Asset Management Ltd increased its stake in AMC Entertainment by 59.5% during the third quarter. Swiss Life Asset Management Ltd now owns 17,512 shares of the company’s stock valued at $51,000 after acquiring an additional 6,536 shares during the period. Triumph Capital Management increased its stake in AMC Entertainment by 139.0% during the fourth quarter. Triumph Capital Management now owns 19,000 shares of the company’s stock valued at $30,000 after acquiring an additional 11,050 shares during the period. Finally, Voleon Capital Management LP acquired a new position in AMC Entertainment in the 3rd quarter valued at approximately $59,000. 28.80% of the stock is owned by institutional investors.

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AMC Entertainment Company Profile

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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.

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