AMC Entertainment (NYSE:AMC) Trading 15.2% Higher - What's Next?

Key Points

• Shares of AMC jumped 15.2% intraday to $1.8550 on Friday (intraday high $1.80) with 25.3M shares traded, about 30% below its average daily volume.
• Analyst sentiment is weak: the stock has a consensus Reduce rating and $2.32 consensus target after several price-target cuts (e.g., Macquarie to $2.00, Citigroup to $1.10, Roth MKM to $1.50) and a mix of one Buy, four Hold and two Sell ratings.
• Fundamentals show a market cap of roughly $993M and negative earnings (Q4 EPS -$0.24; analysts forecast about -1.38 EPS for the year), while institutional investors like Vanguard and UBS significantly increased their stakes.

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC - Get Free Report) traded up 15.2% during mid-day trading on Friday . The company traded as high as $1.80 and last traded at $1.8550. 25,335,558 shares were traded during trading, a decline of 30% from the average session volume of 35,968,941 shares. The stock had previously closed at $1.61.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Macquarie Infrastructure lowered their price target on AMC Entertainment from $3.00 to $2.00 and set a "neutral" rating on the stock in a research report on Thursday, January 15th. Weiss Ratings reiterated a "sell (e+)" rating on shares of AMC Entertainment in a research report on Wednesday, January 21st. Citigroup reduced their target price on AMC Entertainment from $1.30 to $1.10 and set a "sell" rating for the company in a report on Wednesday, February 25th. Roth Mkm reduced their target price on AMC Entertainment from $2.00 to $1.50 and set a "neutral" rating for the company in a report on Wednesday, February 25th. Finally, B. Riley Financial reissued a "neutral" rating on shares of AMC Entertainment in a report on Friday. One 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and a consensus target price of $2.32.

AMC Entertainment Price Performance

The business has a fifty day simple moving average of $1.19 and a 200 day simple moving average of $1.82. The firm has a market cap of $992.90 million, a price-to-earnings ratio of -1.43 and a beta of 1.80.

AMC Entertainment (NYSE:AMC - Get Free Report) last announced its earnings results on Saturday, January 31st. The company reported ($0.24) EPS for the quarter. The business had revenue of $1.29 billion during the quarter. On average, research analysts anticipate that AMC Entertainment Holdings, Inc. will post -1.38 earnings per share for the current fiscal year.

Institutional Investors Weigh In On AMC Entertainment

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of AMC Entertainment by 13.1% in the third 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 increased its holdings in shares of AMC Entertainment by 4,537.9% in the third quarter. UBS Group AG now owns 23,194,957 shares of the company's stock valued at $67,265,000 after purchasing an additional 22,694,842 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of AMC Entertainment by 9.2% in the fourth quarter. Geode Capital Management LLC now owns 12,254,550 shares of the company's stock valued at $19,121,000 after purchasing an additional 1,029,668 shares during the last quarter. State Street Corp increased its holdings in shares of 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 purchasing an additional 1,278,974 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of AMC Entertainment by 20.6% in the fourth quarter. Renaissance Technologies LLC now owns 8,009,819 shares of the company's stock valued at $12,495,000 after purchasing an additional 1,369,000 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.

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