AMC Entertainment (NYSE:AMC) Rating Lowered to “Hold” at Zacks Research

AMC Entertainment (NYSE:AMC) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

Several other analysts have also issued reports on AMC. Roth Capital set a $1.50 target price on shares of AMC Entertainment in a research report on Tuesday, May 19th. UBS Group restated a “buy” rating on shares of AMC Entertainment in a research report on Tuesday, July 21st. Wall Street Zen raised shares of AMC Entertainment from a “strong sell” rating to a “hold” rating in a research note on Saturday, May 9th. Texas Capital upgraded AMC Entertainment from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 15th. Finally, B. Riley Financial reiterated a “neutral” rating and set a $2.50 price objective (up from $2.25) on shares of AMC Entertainment in a research note on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $2.53.

AMC Entertainment Price Performance

Shares of NYSE:AMC opened at $2.52 on Tuesday. AMC Entertainment has a 1 year low of $0.93 and a 1 year high of $3.18. The firm has a market capitalization of $2.24 billion, a price-to-earnings ratio of -2.35 and a beta of 2.06. The business’s 50 day moving average price is $2.31 and its 200-day moving average price is $1.71.

AMC Entertainment (NYSE:AMC) last released its quarterly 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. On average, sell-side analysts expect that AMC Entertainment will post -0.2 earnings per share for the current year.

Institutional Investors Weigh In On AMC Entertainment

A number of hedge funds have recently modified their holdings of the business. UBS Group AG boosted its holdings in shares of AMC Entertainment by 4,537.9% during the 3rd quarter. UBS Group AG now owns 23,194,957 shares of the company’s stock worth $67,265,000 after purchasing an additional 22,694,842 shares during the last quarter. Jump Financial LLC acquired a new stake in shares of AMC Entertainment in the third quarter valued at approximately $4,827,000. JPMorgan Chase & Co. increased its holdings in shares of AMC Entertainment by 87.6% in the fourth quarter. JPMorgan Chase & Co. now owns 3,120,561 shares of the company’s stock valued at $4,868,000 after purchasing an additional 1,457,493 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of AMC Entertainment by 20.6% in the fourth quarter. Renaissance Technologies LLC now owns 8,009,819 shares of the company’s stock valued at $12,495,000 after purchasing an additional 1,369,000 shares during the last quarter. Finally, State Street Corp lifted its position in AMC Entertainment by 12.7% during the fourth quarter. State Street Corp now owns 11,349,046 shares of the company’s stock worth $17,705,000 after buying an additional 1,278,974 shares in the last quarter. 28.80% of the stock is currently 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.