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Franklin Resources Inc. acquired a new stake in AMC Entertainment in the 3rd quarter worth about $788,000. Sanctuary Advisors LLC acquired a new stake in AMC Entertainment in the 3rd quarter worth about $72,000. Virtu Financial LLC acquired a new stake in AMC Entertainment in the 3rd quarter worth about $893,000. Finally, Geode Capital Management LLC raised its stake in AMC Entertainment by 12.1% in the 3rd quarter. Geode Capital Management LLC now owns 8,047,182 shares of the company’s stock worth $36,622,000 after purchasing an additional 866,757 shares in the last quarter. That outlook is bright, but investors likely expected an even more aggressive forecast for the AI-driven segment.

Is AMC Entertainment a Buy, Hold, or Sell?

Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. In the latest market close, AMC Entertainment (AMC Quick QuoteAMC – Free Report) reached $3.48, with a -0.57% movement compared to the previous day. At the same time, the Dow added 0.77%, and the tech-heavy Nasdaq gained 1.51%.

AMC Entertainment Stock vs. The Competition

The company has a market cap of $1.22 billion, a P/E ratio of -2.01 and a beta of 1.92. Analysts like AMC Entertainment less than other “consumer discretionary” companies. The consensus rating for AMC Entertainment is Reduce while the average consensus rating for “consumer discretionary” companies is Moderate Buy. To give you an idea of how big AMC’s business has struggled, its revenues dropped from $5.02 billion in 2019 to just $1.07 billion in 2020, and it haven’t bounced back to pre-pandemic levels since. But despite the demand drought, the real issue itrader review is that AMC had heavily leveraged itself in 2019, right before the pandemic hit, with $10 billion in net debt—double the $5 billion it had in 2018. Although AMC will benefit from greater box office numbers in 2025, the company’s comeback is still a work in progress.

Consensus Rating

Spurred by Moana 2‘s debut and strong carryover business for Gladiator II and Wicked, … That deceleration dampened the bullish thesis that AMD’s Instinct GPUs would gain significant ground against Nvidia’s H100 GPUs in the AI-oriented data center market. So, while some companies might experiment with AMD’s Instinct GPUs as a cheaper alternative to Nvidia’s GPUs, it doesn’t seem likely that the former will ever disrupt the latter. AMD’s revenue declined year over year in the first half of 2023 as the PC market cooled off. That slowdown occurred as it lapped its pandemic-era growth spurt and inflation curbed consumer spending. Its custom APU sales also declined as Sony and Microsoft sold fewer gaming consoles.

According to 7 analysts, the average rating for AMC stock is “Sell.” The 12-month stock price forecast is $4.09, which is an increase of 15.21% from the latest price. Therefore, AMD isn’t a bad stock, but it just doesn’t look more appealing than Nvidia. AMD has carved out a little niche in the data center market, but it certainly won’t transform into the “next Nvidia” anytime soon. So, while AMD is worth nibbling on at these levels as its data center market expands, it really can’t be considered a golden buying opportunity yet. Those growth rates look healthy, but the bulls were likely disappointed by the slowing growth of its data center business. The segment’s revenue rose 69% year over year in the fourth quarter and accounted for about half of its revenue, but that represented a significant slowdown from its triple-digit growth in the previous two quarters.

• 8 Wall Street research analysts have issued “buy,” “hold,” and “sell” ratings for AMC Entertainment in the last twelve months.
• As AMC isn’t out of the woods yet, the company must convince investors of a successful turnaround.
• To give you an idea of how much this is weighing on the company’s profitability, of the $399 million reported in net losses over the past year, a staggering 97% of those losses are due to interest on debt.
• AMC’s average price target is $3.63 per share, which suggests a 6% upside potential from the current price.
• The number of shares owned by shareholders was adjusted after the closing bell on Wednesday, August 23rd 2023.
• The reason for the move typifies what the meme-stock frenzy is all about–speculation and volatility driven by an online meme.

Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer. AMC Entertainment has been rated by research analysts at Roth Capital, and Roth Mkm in the past 90 days. Over the previous 90 days, AMC Entertainment’s stock had 2 upgrades by analysts.

• An investor that had 100 shares of stock prior to the reverse split would have 10 shares after the split.
• Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
• Recently, AMC said it plans to conduct another stock sale of 50 million shares through Goldman Sachs, with plans to use the proceeds to pay down debt and upgrade locations.
• In addition to entertainment, AMC Entertainment has a number of options for businesses and organizations that include big-screen supported meetings and events.
• Discover which analysts rank highest on predicting the directional movement of AMC.

M Accounting Error, Wicked & Gladiator 2 Boost Theater Stocks, BBWI Surges

AMD is the world’s second-largest producer of x86 CPUs for PCs and servers after Intel. It’s the second-largest producer of discrete GPUs for gaming PCs and data centers after Nvidia (NVDA 2.63%), and it sells programmable chips through its Xilinx subsidiary. It also sells custom APUs (accelerated processing units) that merge together CPUs and GPUs for notebook computers and gaming consoles.

Institutional Trading of AMC Entertainment

Those headline numbers looked impressive, but the decelerating growth of its closely watched data center business likely disappointed the bulls. Let’s see if the market overreacted and created a worthwhile buying opportunity for patient investors. Analysts and investors alike will be keeping a close eye on the performance of AMC Entertainment in its upcoming earnings disclosure.

A closer look at its latest developments suggests a mixed picture for 2025, with an upcoming earnings call at the end of this month unlikely to boost investor sentiment. Trade confidently with insights and alerts from https://www.forex-reviews.org/ analyst ratings, free reports and breaking news that affects the stocks you care about. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 9.73% lower. If a company’s CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning.

AMC poised for ‘multiyear recovery’ fueled by strong 2025 film slate, says analyst

For 2024, total revenues are expected to reach $4.62 billion, down 4% year-over-year. While AMC is slowly improving its fundamentals and seeing a rebound in domestic box office numbers, it still needs more cash to stay liquid. With share dilution on the horizon, I prefer to step back and place a Hold rating on the stock. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment. Ahead of earnings, Roth MKM analyst Eric Handler upgraded AMC from a Sell rating to a Neutral rating and lowered the price target from $4 to $3.25. Investors should also pay attention to any latest changes in analyst estimates for AMC Entertainment.

Movie-theater chain and original Day trading signals meme stock AMC expects a box-office boost from a slate of major releases in 2025. The most oversold stocks in the communication services sector presents an opportunity to buy into undervalued companies. 2024 was ‘a year of surprising resilience’ for the domestic box office, according to Benchmark analyst Mike Hickey.