Brokerages Set AMC Entertainment Holdings, Inc. (NYSE:AMC) PT at $2.24

AMC Entertainment Holdings, Inc. (NYSE:AMC) has been given an average rating of “Hold” by the eight brokerages that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $2.24.

A number of research firms have issued reports on AMC. Benchmark upgraded shares of AMC Entertainment from a “hold” rating to a “buy” rating and set a $2.50 target price for the company in a research report on Wednesday, May 6th. Roth Mkm set a $1.50 target price on shares of AMC Entertainment in a research report on Tuesday, May 19th. B. Riley Financial reiterated a “neutral” rating on shares of AMC Entertainment in a research report on Friday, April 17th. Wall Street Zen upgraded shares of AMC Entertainment from a “strong sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Citigroup increased their target price on shares of AMC Entertainment from $1.10 to $1.20 and gave the stock a “sell” rating in a research report on Thursday, May 7th.

Insider Activity at AMC Entertainment

In other AMC Entertainment news, CEO Adam M. Aron purchased 250,000 shares of the company’s stock in a transaction dated Tuesday, May 19th. The shares were bought at an average price of $1.38 per share, for a total transaction of $345,000.00. Following the purchase, the chief executive officer directly owned 2,437,020 shares in the company, valued at $3,363,087.60. This trade represents a 11.43% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.43% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of AMC Entertainment by 13.1% during the 3rd quarter. Vanguard Group Inc. now owns 50,119,260 shares of the company’s stock worth $145,346,000 after purchasing an additional 5,793,996 shares during the last quarter. Optimize Financial Inc acquired a new position in shares of AMC Entertainment during the 3rd quarter worth $1,555,000. Arizona State Retirement System increased its stake in shares of AMC Entertainment by 11.8% during the 4th quarter. Arizona State Retirement System now owns 143,244 shares of the company’s stock worth $223,000 after purchasing an additional 15,072 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of AMC Entertainment by 28.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 158,793 shares of the company’s stock worth $248,000 after purchasing an additional 34,862 shares during the last quarter. Finally, Wealthfront Advisers LLC increased its stake in shares of AMC Entertainment by 76.7% during the 4th quarter. Wealthfront Advisers LLC now owns 143,928 shares of the company’s stock worth $225,000 after purchasing an additional 62,473 shares during the last quarter. Institutional investors and hedge funds own 28.80% of the company’s stock.

AMC Entertainment Stock Down 8.9%

AMC stock opened at $1.79 on Friday. AMC Entertainment has a 12-month low of $0.93 and a 12-month high of $3.60. The company has a market cap of $1.09 billion, a price-to-earnings ratio of -1.68 and a beta of 2.22. The company has a 50 day moving average of $1.50 and a two-hundred day moving average of $1.55.

AMC Entertainment (NYSE:AMC) last released 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 business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $979.19 million. During the same period last year, the firm posted ($0.58) EPS. The firm’s quarterly revenue was up 21.2% on a year-over-year basis. On average, research analysts anticipate that AMC Entertainment will post -0.41 EPS for the current year.

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.