AMC Entertainment (NYSE:AMC) Stock Price Up 5.7% – Still a Buy?

AMC Entertainment Holdings, Inc. (NYSE:AMC) shares shot up 5.7% during mid-day trading on Monday . The stock traded as high as $2.76 and last traded at $2.6950. 9,924,729 shares were traded during trading, a decline of 74% from the average session volume of 37,663,527 shares. The stock had previously closed at $2.55.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Benchmark restated a “buy” rating and set a $3.00 price target (up from $2.50) on shares of AMC Entertainment in a report on Tuesday, July 21st. Needham & Company LLC set a $3.50 price objective on shares of AMC Entertainment in a report on Tuesday, July 21st. B. Riley Financial reiterated a “neutral” rating and set a $2.50 price target (up from $2.25) on shares of AMC Entertainment in a report on Wednesday, July 22nd. Wall Street Zen raised AMC Entertainment from a “strong sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Citigroup reissued a “sell” rating on shares of AMC Entertainment in a report on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $2.53.

AMC Entertainment Stock Performance

The company has a market cap of $2.43 billion, a P/E ratio of -2.55 and a beta of 2.06. The firm’s 50-day simple moving average is $2.31 and its 200 day simple moving average is $1.72.

AMC Entertainment (NYSE:AMC) last released its quarterly earnings data on Monday, July 20th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.17. The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.50 billion. As a group, research analysts forecast that AMC Entertainment Holdings, Inc. will post -0.2 earnings per share for the current year.

Institutional Trading of AMC Entertainment

Hedge funds have recently made changes to their positions in the business. Pitcairn Co. acquired a new stake in AMC Entertainment during the second quarter worth approximately $34,000. Summit Asset Management LLC bought a new position in shares of AMC Entertainment during the second quarter worth approximately $28,000. One Capital Management LLC bought a new position in shares of AMC Entertainment during the third quarter worth approximately $44,000. Triumph Capital Management lifted its holdings in 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 purchasing an additional 11,050 shares during the last quarter. Finally, Voleon Capital Management LP acquired a new stake in AMC Entertainment during the 3rd quarter worth approximately $59,000. 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.