Investment Analysts’ Weekly Ratings Changes for AMC Entertainment (AMC)

AMC Entertainment (NYSE: AMC) has recently received a number of price target changes and ratings updates:

• 11/13/2024 – AMC Entertainment had its “underperform” rating reaffirmed by analysts at Macquarie. They now have a $4.00 price target on the stock.
• 11/12/2024 – AMC Entertainment was upgraded by analysts at StockNews.com to a “sell” rating.
• 11/7/2024 – AMC Entertainment had its price target lowered by analysts at B. Riley from $8.00 to $6.00. They now have a “neutral” rating on the stock.
• 11/7/2024 – AMC Entertainment had its “hold” rating reaffirmed by analysts at Benchmark Co..

AMC Entertainment Stock Performance

Shares of NYSE AMC traded up $0.03 during trading on Thursday, reaching $4.47. The stock had a trading volume of 5,723,749 shares, compared to its average volume of 25,729,418. The stock has a market cap of $1.68 billion, a PE ratio of -2.77 and a beta of 1.83. The firm’s 50 day moving average price is $4.44 and its two-hundred day moving average price is $4.73. AMC Entertainment Holdings, Inc. has a one year low of $2.38 and a one year high of $11.88.

AMC Entertainment (NYSE:AMC) last issued its quarterly earnings data on Wednesday, November 6th. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.03. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the previous year, the company earned ($0.09) earnings per share. AMC Entertainment’s quarterly revenue was down 4.1% compared to the same quarter last year. On average, research analysts expect that AMC Entertainment Holdings, Inc. will post -1.42 earnings per share for the current year.

Institutional Trading of AMC Entertainment

Several institutional investors have recently modified their holdings of AMC. Vanguard Group Inc. lifted its holdings in shares of AMC Entertainment by 22.9% in the first quarter. Vanguard Group Inc. now owns 24,804,669 shares of the company’s stock valued at $92,273,000 after buying an additional 4,617,007 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of AMC Entertainment by 153.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,705,500 shares of the company’s stock valued at $16,860,000 after purchasing an additional 2,243,052 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of AMC Entertainment by 18.2% during the second quarter. Renaissance Technologies LLC now owns 10,285,826 shares of the company’s stock valued at $51,223,000 after purchasing an additional 1,585,430 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of AMC Entertainment during the second quarter valued at $6,775,000. Finally, SG Americas Securities LLC lifted its holdings in shares of AMC Entertainment by 1,894.0% during the second quarter. SG Americas Securities LLC now owns 1,121,025 shares of the company’s stock valued at $5,583,000 after purchasing an additional 1,064,805 shares during the last quarter. Institutional investors and hedge funds own 28.80% of the company’s stock.

AMC Entertainment Holdings, Inc, through its subsidiaries, engages in the theatrical exhibition business. It owns, operates, or has interests in theatres in the United States and Europe. The company was founded in 1920 and is headquartered in Leawood, Kansas.