Zacks Research cut shares of AMC Entertainment (NYSE:AMC – Free Report) from a strong-buy rating to a hold rating in a report released on Tuesday,Zacks.com reports.
A number of other research firms have also commented on AMC. Weiss Ratings lowered AMC Entertainment from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday. Wall Street Zen raised AMC Entertainment from a “strong sell” rating to a “hold” rating in a research note on Saturday, May 9th. Benchmark reissued a “buy” rating and set a $3.00 target price (up from $2.50) on shares of AMC Entertainment in a research report on Tuesday, July 21st. UBS Group restated a “buy” rating on shares of AMC Entertainment in a research report on Tuesday, July 21st. Finally, Roth Capital set a $1.50 price objective on shares of AMC Entertainment in a research report on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $2.53.
View Our Latest Stock Analysis on AMC
AMC Entertainment Price Performance
AMC Entertainment (NYSE:AMC – Get Free Report) last announced its quarterly earnings results on Monday, July 20th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.17. The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.50 billion. Equities analysts anticipate that AMC Entertainment will post -0.2 EPS for the current year.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. Summit Asset Management LLC bought a new position in shares of AMC Entertainment in the 2nd quarter valued at about $28,000. Triumph Capital Management raised its position in AMC Entertainment by 139.0% during the fourth quarter. Triumph Capital Management now owns 19,000 shares of the company’s stock valued at $30,000 after purchasing an additional 11,050 shares during the period. Royal Bank of Canada lifted its stake in shares of AMC Entertainment by 90.7% in the 1st 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 stake in shares of AMC Entertainment in the 2nd quarter valued at approximately $34,000. Finally, Powell Investment Advisors LLC purchased a new position in shares of AMC Entertainment in the 4th quarter worth approximately $39,000. 28.80% of the stock is owned by hedge funds and other institutional investors.
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.
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