Brokerages Set AMC Entertainment Holdings, Inc. (NYSE:AMC) Price Target at $1.80

AMC Entertainment Holdings, Inc. (NYSE:AMC) has been given a consensus recommendation of “Hold” by the ten brokerages that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $2.5333.

Several brokerages recently weighed in on AMC. Needham & Company LLC set a $3.50 price objective on AMC Entertainment in a report on Tuesday. B. Riley Financial reaffirmed a “buy” rating on shares of AMC Entertainment in a report on Thursday, June 11th. Benchmark reaffirmed a “buy” rating and set a $3.00 target price (up from $2.50) on shares of AMC Entertainment in a report on Tuesday. Citigroup reiterated a “sell” rating on shares of AMC Entertainment in a research report on Tuesday. Finally, Roth Capital set a $1.50 price target on AMC Entertainment in a report on Tuesday, May 19th.

AMC Entertainment News Summary

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

Insider Transactions at AMC Entertainment

In other AMC Entertainment news, CEO Adam M. Aron acquired 250,000 shares of the firm’s stock in a transaction on Tuesday, May 19th. The stock was purchased at an average price 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 purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.43% of the stock is owned by company insiders.

Institutional Trading of AMC Entertainment

Institutional investors and hedge funds have recently modified their holdings of the business. Essential Partners LLC lifted its position in shares of AMC Entertainment by 244,580.6% in the 1st quarter. Essential Partners LLC now owns 88,085 shares of the company’s stock worth $86,000 after buying an additional 88,049 shares during the last quarter. Bank of America Corp DE grew its position in shares of AMC Entertainment by 34.3% during the 1st quarter. Bank of America Corp DE now owns 543,857 shares of the company’s stock valued at $533,000 after buying an additional 138,853 shares during the last quarter. Royal Bank of Canada raised its stake in AMC Entertainment by 90.7% during the first quarter. Royal Bank of Canada now owns 33,657 shares of the company’s stock worth $33,000 after acquiring an additional 16,011 shares during the period. SummitTX Capital L.P. acquired a new stake in AMC Entertainment during the first quarter worth about $73,000. Finally, Wealthfront Advisers LLC raised its stake in AMC Entertainment by 36.8% during the first quarter. Wealthfront Advisers LLC now owns 196,830 shares of the company’s stock worth $193,000 after acquiring an additional 52,902 shares during the period. 28.80% of the stock is owned by institutional investors and hedge funds.

AMC Entertainment Stock Performance

AMC opened at $2.23 on Friday. The company has a 50-day moving average of $1.93 and a 200-day moving average of $1.56. The company 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 1-year low of $0.93 and a 1-year high of $3.55.

AMC Entertainment (NYSE:AMC) last issued its earnings results on Monday, July 20th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.17. The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.50 billion. As a group, sell-side analysts expect that AMC Entertainment will post -0.37 earnings per share for the current fiscal 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.