AMC Entertainment (NYSE:AMC) Stock Price Up 9.4% – Time to Buy?

AMC Entertainment Holdings, Inc. (NYSE:AMC) was up 9.4% on Monday . The company traded as high as $1.25 and last traded at $1.2250. Approximately 13,312,939 shares traded hands during mid-day trading, a decline of 63% from the average daily volume of 35,809,063 shares. The stock had previously closed at $1.12.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AMC. Macquarie Infrastructure dropped their price target on AMC Entertainment from $3.00 to $2.00 and set a “neutral” rating for the company in a research report on Thursday, January 15th. Citigroup reduced their price target on shares of AMC Entertainment from $1.30 to $1.10 and set a “sell” rating on the stock in a research report on Wednesday, February 25th. Weiss Ratings reissued a “sell (e+)” rating on shares of AMC Entertainment in a research note on Wednesday, January 21st. Finally, Roth Mkm lowered their price objective on shares of AMC Entertainment from $2.00 to $1.50 and set a “neutral” rating for the company in a report on Wednesday, February 25th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, AMC Entertainment presently has a consensus rating of “Reduce” and an average target price of $2.32.

AMC Entertainment Trading Up 14.7%

The stock has a 50 day simple moving average of $1.19 and a 200 day simple moving average of $1.90. The firm has a market capitalization of $680.47 million, a PE ratio of -0.99 and a beta of 1.80.

AMC Entertainment (NYSE:AMC) last issued its earnings results on Saturday, January 31st. The company reported ($0.24) earnings per share (EPS) for the quarter. The firm had revenue of $1.29 billion for the quarter. As a group, equities analysts anticipate that AMC Entertainment Holdings, Inc. will post -1.38 earnings per share for the current year.

Hedge Funds Weigh In On AMC Entertainment

Several hedge funds and other institutional investors have recently modified their holdings of AMC. UBS Group AG grew its stake in shares of AMC Entertainment by 4,537.9% in the third 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. Marshall Wace LLP raised its position in AMC Entertainment by 17,925.0% during the 2nd quarter. Marshall Wace LLP now owns 11,998,516 shares of the company’s stock valued at $37,195,000 after purchasing an additional 11,931,950 shares during the last quarter. Vanguard Group Inc. lifted its holdings in AMC Entertainment by 13.1% in the 3rd quarter. Vanguard Group Inc. now owns 50,119,260 shares of the company’s stock worth $145,346,000 after buying an additional 5,793,996 shares during the period. Jump Financial LLC purchased a new stake in AMC Entertainment in the 3rd quarter worth approximately $4,827,000. Finally, JPMorgan Chase & Co. grew its position in shares of AMC Entertainment by 87.6% in the 4th quarter. JPMorgan Chase & Co. now owns 3,120,561 shares of the company’s stock worth $4,868,000 after buying an additional 1,457,493 shares during the last quarter. 28.80% of the stock is owned by institutional investors.

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.