AMC Entertainment (NYSE:AMC) Releases Quarterly Earnings Results, Misses Estimates By $0.09 EPS

AMC Entertainment (NYSE:AMC) issued its quarterly earnings results on Monday. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.09), FiscalAI reports. The firm had revenue of $1.29 billion for the quarter.

AMC Entertainment Trading Down 2.0%

Shares of AMC stock opened at $1.20 on Monday. The firm has a fifty day simple moving average of $1.53 and a two-hundred day simple moving average of $2.27. AMC Entertainment has a 12 month low of $1.19 and a 12 month high of $4.08. The firm has a market capitalization of $614.10 million, a PE ratio of -0.85 and a beta of 1.77.

Institutional Investors Weigh In On AMC Entertainment

A number of institutional investors and hedge funds have recently made changes to their positions in AMC. Victory Capital Management Inc. boosted its stake in AMC Entertainment by 14.3% during the 3rd quarter. Victory Capital Management Inc. now owns 58,710 shares of the company’s stock valued at $170,000 after purchasing an additional 7,339 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in shares of AMC Entertainment by 9.2% in the second quarter. Hsbc Holdings PLC now owns 102,506 shares of the company’s stock valued at $315,000 after purchasing an additional 8,629 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of AMC Entertainment by 4.0% during the fourth quarter. The Manufacturers Life Insurance Company now owns 235,395 shares of the company’s stock valued at $367,000 after buying an additional 9,051 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of AMC Entertainment by 26.3% during the fourth quarter. Russell Investments Group Ltd. now owns 51,273 shares of the company’s stock valued at $80,000 after buying an additional 10,675 shares during the last quarter. Finally, Pitcairn Co. bought a new stake in AMC Entertainment during the second quarter worth $34,000. Institutional investors and hedge funds own 28.80% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on AMC. Citigroup reissued a “sell” rating and issued a $1.30 price target (down previously from $2.30) on shares of AMC Entertainment in a research note on Monday, January 12th. Wall Street Zen cut AMC Entertainment from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 8th. Weiss Ratings reiterated a “sell (e+)” rating on shares of AMC Entertainment in a report on Wednesday, January 21st. Zacks Research lowered AMC Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 7th. Finally, Macquarie Infrastructure reduced their price objective on shares of AMC Entertainment from $3.00 to $2.00 and set a “neutral” rating for the company in a research report on Thursday, January 15th. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $2.66.

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.