AMC Entertainment Holdings, Inc. (NYSE:AMC) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts give AMC a “Moderate Buy” consensus: Two rate it a sell, three hold, three buy, and two strong buy, with an average 12-month price target of $2.53.
• AMC reported quarterly EPS of $0.14, exceeding the consensus estimate of a $0.03 loss, while revenue reached $1.60 billion versus expectations of $1.50 billion.
• CEO Adam Aron purchased 250,000 shares at an average price of $1.38, increasing his direct stake by 11.43%; institutional investors own 28.8% of the company.

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the ten brokerages that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $2.5286.

A number of equities analysts have commented on AMC shares. Texas Capital raised shares of AMC Entertainment from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 15th. Benchmark restated a "buy" rating and set a $3.00 price objective (up from $2.50) on shares of AMC Entertainment in a research report on Tuesday, July 21st. Zacks Research raised shares of AMC Entertainment from a "hold" rating to a "strong-buy" rating in a report on Monday, July 20th. Wall Street Zen upgraded shares of AMC Entertainment from a "strong sell" rating to a "hold" rating in a research report on Saturday, May 9th. Finally, Citigroup reiterated a "sell" rating on shares of AMC Entertainment in a research report on Tuesday, July 21st.

AMC Entertainment Stock Up 5.8%

Shares of NYSE AMC opened at $2.54 on Thursday. The stock's 50-day simple moving average is $2.25 and its two-hundred day simple moving average is $1.67. AMC Entertainment has a twelve month low of $0.93 and a twelve month high of $3.18. The firm has a market capitalization of $2.27 billion, a P/E ratio of -2.37 and a beta of 2.06.

AMC Entertainment (NYSE:AMC - Get Free Report) last issued its quarterly earnings results on Monday, July 20th. The company reported $0.14 earnings per share (EPS) for the quarter, beating 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. As a group, research analysts anticipate that AMC Entertainment will post -0.2 EPS for the current fiscal year.

Insider Transactions at AMC Entertainment

In other news, CEO Adam M. Aron purchased 250,000 shares of the company's stock in a transaction on Tuesday, May 19th. The stock was purchased at an average price of $1.38 per share, with a total value of $345,000.00. Following the completion of the purchase, the chief executive officer directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.43% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On AMC Entertainment

Institutional investors have recently modified their holdings of the company. Victory Capital Management Inc. boosted its position in AMC Entertainment by 14.3% during the 3rd quarter. Victory Capital Management Inc. now owns 58,710 shares of the company's stock valued at $170,000 after buying an additional 7,339 shares during the period. Optimize Financial Inc increased its position in shares of AMC Entertainment by 1.5% in the fourth quarter. Optimize Financial Inc now owns 543,906 shares of the company's stock valued at $848,000 after acquiring an additional 7,824 shares during the period. Hsbc Holdings PLC increased its position in shares of AMC Entertainment by 9.2% in the second quarter. Hsbc Holdings PLC now owns 102,506 shares of the company's stock valued at $315,000 after acquiring an additional 8,629 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of AMC Entertainment by 4.0% during the fourth quarter. The Manufacturers Life Insurance Company now owns 235,395 shares of the company's stock valued at $367,000 after acquiring an additional 9,051 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in shares of AMC Entertainment by 26.3% during the fourth quarter. Russell Investments Group Ltd. now owns 51,273 shares of the company's stock valued at $80,000 after acquiring an additional 10,675 shares during the last quarter. 28.80% of the stock is currently 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.

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