AMC Entertainment (NYSE:AMC) Shares Up 8% – Still a Buy?

AMC Entertainment Holdings, Inc. (NYSE:AMC) shares were up 8% on Wednesday . The stock traded as high as $1.69 and last traded at $1.6950. Approximately 15,566,091 shares traded hands during trading, a decline of 58% from the average daily volume of 37,157,637 shares. The stock had previously closed at $1.57.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on AMC shares. Wall Street Zen cut shares of AMC Entertainment from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 8th. Citigroup restated a “sell” rating and set a $1.30 price objective (down from $2.30) on shares of AMC Entertainment in a research report on Monday, January 12th. Macquarie reduced 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. Zacks Research lowered AMC Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 7th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of AMC Entertainment in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Reduce” and an average target price of $2.76.

AMC Entertainment Trading Up 2.2%

The firm has a market capitalization of $823.28 million, a price-to-earnings ratio of -1.14 and a beta of 0.72. The firm’s 50-day moving average is $1.93 and its 200 day moving average is $2.56.

AMC Entertainment (NYSE:AMC) last released its quarterly earnings results on Wednesday, November 5th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.03). The firm had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same period in the prior year, the firm earned ($0.04) earnings per share. The business’s revenue was down 3.6% on a year-over-year basis. Analysts predict that AMC Entertainment Holdings, Inc. will post -1.38 EPS for the current year.

Hedge Funds Weigh In On AMC Entertainment

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Jones Financial Companies Lllp lifted its position 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 worth $25,000 after purchasing an additional 7,496 shares during the period. Total Investment Management Inc. acquired a new position in AMC Entertainment in the second quarter valued at $27,000. Gradient Capital Advisors LLC acquired a new position in AMC Entertainment in the third quarter valued at $29,000. Sovereign Financial Group Inc. bought a new stake in AMC Entertainment during the second quarter valued at $32,000. Finally, CFO4Life Group LLC acquired a new stake in AMC Entertainment during the 2nd quarter worth about $33,000. 28.80% of the stock is owned by institutional investors and hedge funds.

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.