AMC Entertainment (NYSE:AMC) Stock Price Up 7.2% - Here's Why

Key Points

• Shares rose 7.2% to $1.5550 on Monday (intraday high $1.59) on about 7.94 million shares traded, roughly a 78% drop from the stock’s average daily volume.
• Analysts have a consensus rating of Reduce with an average price target of $2.42; the coverage includes one Buy, four Hold and two Sell ratings and several recent target cuts.
• Fundamentals remain weak: AMC has a market cap of $759.9M, reported EPS of ($0.24) last quarter with a negative P/E (-1.10), and the share price sits below its 200‑day moving average ($1.71).

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC - Get Free Report) rose 7.2% on Monday . The company traded as high as $1.59 and last traded at $1.5550. Approximately 7,935,176 shares changed hands during trading, a decline of 78% from the average daily volume of 35,326,375 shares. The stock had previously closed at $1.45.

Analysts Set New Price Targets

Several research analysts have commented on the company. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of AMC Entertainment in a report on Monday, April 20th. Citigroup cut their target price on AMC Entertainment from $1.30 to $1.10 and set a "sell" rating on the stock in a report on Wednesday, February 25th. Macquarie Infrastructure cut their target price on AMC Entertainment from $3.00 to $2.00 and set a "neutral" rating on the stock in a report on Thursday, January 15th. Roth Mkm reaffirmed a "neutral" rating and set a $2.00 target price on shares of AMC Entertainment in a report on Thursday, April 23rd. Finally, B. Riley Financial reaffirmed a "neutral" rating on shares of AMC Entertainment in a report on Friday, April 17th. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Reduce" and an average price target of $2.42.

AMC Entertainment Stock Performance

The stock has a market capitalization of $759.90 million, a price-to-earnings ratio of -1.10 and a beta of 2.14. The company has a fifty day simple moving average of $1.27 and a 200 day simple moving average of $1.71.

AMC Entertainment (NYSE:AMC - Get Free Report) last announced its quarterly earnings data on Saturday, January 31st. The company reported ($0.24) earnings per share (EPS) for the quarter. The firm had revenue of $1.29 billion during the quarter. As a group, equities analysts predict that AMC Entertainment Holdings, Inc. will post -0.36 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Jones Financial Companies Lllp lifted its stake in shares of AMC Entertainment by 761.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 8,480 shares of the company's stock valued at $25,000 after purchasing an additional 7,496 shares during the period. Gradient Capital Advisors LLC acquired a new position in shares of AMC Entertainment in the 3rd quarter valued at about $29,000. Triumph Capital Management lifted its stake in shares of AMC Entertainment by 139.0% in the 4th quarter. Triumph Capital Management now owns 19,000 shares of the company's stock valued at $30,000 after purchasing an additional 11,050 shares during the period. Citizens Financial Group Inc. RI acquired a new position in shares of AMC Entertainment in the 3rd quarter valued at about $34,000. Finally, Pitcairn Co. acquired a new position in shares of AMC Entertainment in the 2nd quarter valued at about $34,000. 28.80% of the stock is owned by institutional investors and hedge funds.

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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