AMC Entertainment Holdings, Inc. (NYSE:AMC) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) have earned an average recommendation of “Moderate Buy” from the ten research firms that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation, three have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $2.5286.

A number of analysts recently commented on AMC shares. Zacks Research upgraded AMC Entertainment from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 20th. Weiss Ratings lowered shares of AMC Entertainment from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, July 20th. UBS Group reiterated a “buy” rating on shares of AMC Entertainment in a research report on Tuesday. B. Riley Financial restated a “neutral” rating and issued a $2.50 price objective (up from $2.25) on shares of AMC Entertainment in a report on Wednesday. Finally, Texas Capital raised shares of AMC Entertainment from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 15th.

AMC Entertainment Price Performance

AMC stock opened at $2.29 on Friday. AMC Entertainment has a 52-week low of $0.93 and a 52-week high of $3.39. The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of -2.14 and a beta of 2.08. The company has a 50-day moving average of $1.99 and a two-hundred day moving average of $1.58.

AMC Entertainment (NYSE:AMC) last released its quarterly earnings data on Monday, July 20th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.17. The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.50 billion. Equities analysts expect that AMC Entertainment will post -0.2 EPS for the current fiscal year.

Insider Activity at AMC Entertainment

In other news, CEO Adam M. Aron purchased 250,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The shares were acquired at an average cost of $1.38 per share, for a total transaction of $345,000.00. Following the transaction, the chief executive officer directly owned 2,437,020 shares of the company’s stock, valued at approximately $3,363,087.60. The trade was a 11.43% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.43% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of AMC Entertainment by 21.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 240,255 shares of the company’s stock worth $690,000 after buying an additional 41,860 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in AMC Entertainment by 30.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 710,181 shares of the company’s stock valued at $2,038,000 after buying an additional 164,740 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in AMC Entertainment by 19.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,820,405 shares of the company’s stock valued at $5,643,000 after acquiring an additional 300,376 shares in the last quarter. Prudential Financial Inc. lifted its stake in AMC Entertainment by 89.6% in the 2nd quarter. Prudential Financial Inc. now owns 55,685 shares of the company’s stock valued at $173,000 after acquiring an additional 26,310 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its position in AMC Entertainment by 9.2% during the 2nd quarter. Hsbc Holdings PLC now owns 102,506 shares of the company’s stock worth $315,000 after acquiring an additional 8,629 shares during the last quarter. Institutional investors and hedge funds own 28.80% of the company’s stock.

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.