AMC Entertainment (NYSE:AMC) Trading 6% Higher – Here’s What Happened

AMC Entertainment Holdings, Inc. (NYSE:AMC)’s stock price rose 6% during mid-day trading on Monday . The stock traded as high as $1.02 and last traded at $1.0050. Approximately 4,125,628 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 35,759,230 shares. The stock had previously closed at $0.9482.

Wall Street Analysts Forecast Growth

AMC has been the topic of a number of research reports. Weiss Ratings restated a “sell (e+)” rating on shares of AMC Entertainment in a research report on Wednesday, January 21st. Roth Mkm reduced their price objective on AMC Entertainment from $2.00 to $1.50 and set a “neutral” rating on the stock in a research report on Wednesday, February 25th. Citigroup dropped their target price on AMC Entertainment from $1.30 to $1.10 and set a “sell” rating for the company in a research report on Wednesday, February 25th. Finally, Macquarie Infrastructure cut their target price on AMC Entertainment from $3.00 to $2.00 and set a “neutral” rating for the company in a research note on Thursday, January 15th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $2.32.

AMC Entertainment Stock Up 4.9%

The firm’s fifty day moving average price is $1.24 and its 200-day moving average price is $1.96. The stock has a market cap of $526.90 million, a P/E ratio of -0.76 and a beta of 1.85.

AMC Entertainment (NYSE:AMC) last posted its quarterly earnings results on Saturday, January 31st. The company reported ($0.24) EPS for the quarter. The company had revenue of $1.29 billion for the quarter. Sell-side analysts predict that AMC Entertainment Holdings, Inc. will post -1.38 earnings per share for the current year.

Institutional Trading of AMC Entertainment

Large investors have recently modified their holdings of the business. Vanguard Group Inc. raised its position in AMC Entertainment by 13.1% during the 3rd quarter. Vanguard Group Inc. now owns 50,119,260 shares of the company’s stock valued at $145,346,000 after purchasing an additional 5,793,996 shares during the last quarter. UBS Group AG raised its holdings in shares of AMC Entertainment by 4,537.9% during the third quarter. UBS Group AG now owns 23,194,957 shares of the company’s stock valued at $67,265,000 after acquiring an additional 22,694,842 shares in the last quarter. Geode Capital Management LLC lifted its stake in AMC Entertainment by 9.2% in the fourth quarter. Geode Capital Management LLC now owns 12,254,550 shares of the company’s stock worth $19,121,000 after acquiring an additional 1,029,668 shares during the period. Marshall Wace LLP lifted its stake in AMC Entertainment by 17,925.0% in the second quarter. Marshall Wace LLP now owns 11,998,516 shares of the company’s stock worth $37,195,000 after acquiring an additional 11,931,950 shares during the period. Finally, State Street Corp boosted its holdings in AMC Entertainment by 12.7% in the fourth quarter. State Street Corp now owns 11,349,046 shares of the company’s stock valued at $17,705,000 after acquiring an additional 1,278,974 shares in the last quarter. 28.80% of the stock is owned by institutional investors.

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.