AMC Entertainment (NYSE:AMC) Upgraded by Roth Capital to "Hold" Rating

AMC Entertainment (NYSE:AMC - Get Free Report) was upgraded by equities research analysts at Roth Capital from a "strong sell" rating to a "hold" rating in a note issued to investors on Tuesday,Zacks.com reports. Roth Capital also issued estimates for AMC Entertainment's Q4 2024 earnings at ($0.09) EPS, FY2024 earnings at ($1.34) EPS, Q1 2025 earnings at ($0.41) EPS, Q2 2025 earnings at $0.09 EPS, Q3 2025 earnings at ($0.03) EPS, Q4 2025 earnings at ($0.03) EPS, FY2025 earnings at ($0.38) EPS and FY2026 earnings at ($0.14) EPS.

Several other equities research analysts have also weighed in on the company. B. Riley dropped their target price on AMC Entertainment from $8.00 to $6.00 and set a "neutral" rating on the stock in a research report on Thursday, November 7th. StockNews.com raised AMC Entertainment to a "sell" rating in a research report on Tuesday, November 12th. Roth Mkm raised AMC Entertainment from a "sell" rating to a "neutral" rating and dropped their target price for the stock from $4.00 to $3.25 in a research report on Tuesday. Macquarie reissued an "underperform" rating and issued a $4.00 price target on shares of AMC Entertainment in a research note on Wednesday, November 13th. Finally, Benchmark reissued a "hold" rating on shares of AMC Entertainment in a research note on Thursday, November 7th. Four investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $5.08.

AMC Entertainment Price Performance

Shares of AMC stock traded up $0.01 on Tuesday, hitting $3.11. 6,115,553 shares of the stock traded hands, compared to its average volume of 10,363,593. The company has a market capitalization of $1.17 billion, a PE ratio of -1.93 and a beta of 1.88. AMC Entertainment has a 1-year low of $2.38 and a 1-year high of $11.88. The company's fifty day moving average is $3.87 and its 200 day moving average is $4.40.

AMC Entertainment (NYSE:AMC - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.03. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.33 billion. The business's revenue was down 4.1% on a year-over-year basis. During the same period in the prior year, the company posted ($0.09) earnings per share. As a group, equities research analysts expect that AMC Entertainment will post -1.38 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Amalgamated Bank boosted its stake in AMC Entertainment by 31.5% during the third quarter. Amalgamated Bank now owns 11,568 shares of the company's stock valued at $53,000 after buying an additional 2,771 shares in the last quarter. Private Advisor Group LLC boosted its stake in AMC Entertainment by 27.5% during the third quarter. Private Advisor Group LLC now owns 15,011 shares of the company's stock valued at $68,000 after buying an additional 3,237 shares in the last quarter. Victory Capital Management Inc. boosted its stake in AMC Entertainment by 20.1% during the third quarter. Victory Capital Management Inc. now owns 45,711 shares of the company's stock valued at $208,000 after buying an additional 7,661 shares in the last quarter. Waldron Private Wealth LLC boosted its stake in AMC Entertainment by 47.5% during the third quarter. Waldron Private Wealth LLC now owns 25,173 shares of the company's stock valued at $115,000 after buying an additional 8,102 shares in the last quarter. Finally, KBC Group NV bought a new position in AMC Entertainment during the third quarter valued at about $37,000. Institutional investors own 28.80% of the company's stock.

AMC Entertainment Company Profile

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.