AMC Entertainment (NYSE:AMC) Rating Increased to Strong-Buy at Zacks Research

Zacks Research upgraded shares of AMC Entertainment (NYSE:AMC) from a hold rating to a strong-buy rating in a report issued on Monday,Zacks.com reports.

Other research analysts have also recently issued research reports about the company. Citigroup reiterated a “sell” rating on shares of AMC Entertainment in a research note on Tuesday. Weiss Ratings cut shares of AMC Entertainment from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday. Wedbush restated an “outperform” rating and set a $4.00 price objective (up from $3.00) on shares of AMC Entertainment in a research note on Tuesday. Roth Capital set a $1.50 target price on shares of AMC Entertainment in a report on Tuesday, May 19th. Finally, B. Riley Financial reiterated a “buy” rating on shares of AMC Entertainment in a research note on Thursday, June 11th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $2.53.

AMC Entertainment Price Performance

NYSE:AMC opened at $2.23 on Monday. The firm has a market capitalization of $1.99 billion, a P/E ratio of -2.08 and a beta of 2.08. AMC Entertainment has a one year low of $0.93 and a one year high of $3.55. The company’s 50-day simple moving average is $1.93 and its 200 day simple moving average is $1.56.

AMC Entertainment (NYSE:AMC) last announced its earnings results on Monday, July 20th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.17. The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.50 billion. On average, equities research analysts expect that AMC Entertainment will post -0.37 earnings per share for the current fiscal year.

Insider Buying and Selling at AMC Entertainment

In other AMC Entertainment news, CEO Adam M. Aron purchased 250,000 shares of the stock in a transaction dated Tuesday, May 19th. The shares were purchased at an average cost of $1.38 per share, with a total value of $345,000.00. Following the completion of the acquisition, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.43% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On AMC Entertainment

A number of hedge funds have recently bought and sold shares of AMC. Triumph Capital Management boosted 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 valued at $30,000 after acquiring an additional 11,050 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of AMC Entertainment by 90.7% during the first quarter. Royal Bank of Canada now owns 33,657 shares of the company’s stock valued at $33,000 after purchasing an additional 16,011 shares during the last quarter. Pitcairn Co. bought a new position in AMC Entertainment during the second quarter valued at approximately $34,000. Powell Investment Advisors LLC bought a new position in AMC Entertainment during the fourth quarter valued at approximately $39,000. Finally, Corient Private Wealth LLC purchased a new stake in AMC Entertainment in the fourth quarter worth approximately $41,000. Hedge funds and other institutional investors own 28.80% of the company’s stock.

AMC Entertainment News Roundup

Here are the key news stories impacting AMC Entertainment this week:

• Positive Sentiment: AMC reported record quarterly revenue of $1.60 billion and an adjusted profit of $0.14 per share, both ahead of Wall Street expectations, signaling that the box-office recovery is translating into better-than-expected results. Article Title
• Positive Sentiment: Attendance rose sharply, helped by a strong slate of summer films including “The Odyssey,” which boosted ticket sales, food and beverage spending, and adjusted EBITDA to a record level. Article Title
• Positive Sentiment: Management said AMC is now “within sight” of generating positive free cash flow for a full year, while also highlighting debt reduction and improved operating momentum, which could support a longer-term turnaround view. Article Title
• Neutral Sentiment: AMC was added to the Zacks Rank #1 (Strong Buy) list, which may bolster sentiment, but this is more of a ratings-driven signal than a direct business catalyst. Article Title
• Neutral Sentiment: After the big earnings-driven rally, one report noted the stock retreating as the initial excitement around earnings and “The Odyssey” cooled, suggesting some near-term consolidation. Article Title

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.