Wall Street Zen Upgrades AMC Entertainment (NYSE:AMC) to Hold

Key Points

• Wall Street Zen upgraded AMC Entertainment from a “strong sell” to a “hold,” adding to a mixed but generally cautious analyst outlook on the stock.
• Other analysts remain divided: Citigroup and Weiss Ratings are still bearish, while Benchmark recently raised AMC to “buy,” and the overall consensus stands at Hold with an average target price of $2.45.
• AMC reported quarterly EPS of -$0.36, missing estimates, but revenue of $1.05 billion topped expectations and rose 21.2% year over year.

AMC Entertainment (NYSE:AMC - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "strong sell" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

A number of other equities research analysts have also issued reports on AMC. Citigroup upped their target price on AMC Entertainment from $1.10 to $1.20 and gave the company a "sell" rating in a research note on Thursday. Roth Mkm reiterated a "neutral" rating and issued a $2.00 price target on shares of AMC Entertainment in a report on Thursday, April 23rd. Benchmark raised AMC Entertainment from a "hold" rating to a "buy" rating and set a $2.50 price target on the stock in a research note on Wednesday. Weiss Ratings reissued a "sell (e+)" rating on shares of AMC Entertainment in a research note on Monday, April 20th. Finally, Macquarie Infrastructure reduced their price target on AMC Entertainment from $3.00 to $2.00 and set a "neutral" rating on the stock in a research note on Thursday, January 15th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, AMC Entertainment presently has an average rating of "Hold" and an average target price of $2.45.

AMC Entertainment Stock Performance

AMC stock opened at $1.50 on Friday. AMC Entertainment has a 1 year low of $0.93 and a 1 year high of $4.08. The stock's 50 day moving average price is $1.29 and its 200 day moving average price is $1.69. The firm has a market cap of $796.44 million, a P/E ratio of -1.42 and a beta of 2.14.

AMC Entertainment (NYSE:AMC - Get Free Report) last posted its earnings results on Tuesday, May 5th. The company reported ($0.36) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.32) by ($0.04). The company had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $979.19 million. During the same quarter in the prior year, the firm posted ($0.58) earnings per share. The business's quarterly revenue was up 21.2% compared to the same quarter last year. On average, research analysts predict that AMC Entertainment will post -0.41 earnings per share for the current year.

Institutional Inflows and Outflows

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