Latest news with #AMCEntertainment
Yahoo
9 hours ago
- Entertainment
- Yahoo
AMC's Flagship Lincoln Square Theater Open For Business After Flooding In Massive NYC Rainstorm
AMC Entertainment's flagship AMC Lincoln Square theater on the Upper West Side is open and running most auditoriums after severe rain in New York caused a pipe to break and water to spew, canceling late showtimes on Monday. The storm impacted the theater's lower levels, not the Imax auditorium, which is on the top floor of the vertical construction. More from Deadline Studios Decry Cinemas' Ad-Filled Preshows As AMC Warns Of "25-30 Extra Minutes": Here Are The Consequences For Movie Biz AMC Entertainment Raises Fresh Cash To Shore Up Balance Sheet Amid Resurgent Box Office AMC Says New NCM Preshow Ads Don't "Negatively Influence Moviegoing Habits" 'The heavy downpour caused damage to a roof pipe, which led to a significant amount of water coming into a portion of the lower levels of the building,' the world's largest circuit said. Lincoln Square is one of the highest grossing locations in the nation. 'The theater is open today. Impacted auditoriums and other affected areas of the theatre will remain closed as remediation work is underway. Refunds will be issued automatically for tickets purchased to affected showtimes,' the company said. No other AMC theaters in the city were impacted. 'Not the Lincoln Square AMC! Why couldn't the flood take the AMC Empire instead!' said one social media post referring to the Times Square location. Users posted video of what looks like a geyser of water flooding a lower floor lobby. The flooding got the amc Lincoln square 🥲 — Bri'anna🍿 (@LaNoireDe) July 15, 2025 More than two inches of rain fell on Central Park within an hour on Monday night, a near record for the city, according to reports, in a downpour that flooded subways and caused major transit disruptions. Two people were killed in New Jersey after their car was swept into a brook. NJ Gov. Phil Murphy declared a state of emergency. The New York City subway on a rainy day—because nothing says 'world-class city' like flooded platforms and trains.#Newyork #newyorkcity #flood #FloodWarning — Chaudhary Parvez (@ChaudharyParvez) July 15, 2025 Best of Deadline Everything We Know About Amazon's 'Verity' Movie So Far 'Street Fighter' Cast: Who's Who In The Live-Action Arcade Film Adaption 2025-26 Awards Season Calendar: Dates For Emmys, Oscars, Grammys & More
Business Insider
3 days ago
- Business
- Business Insider
AMC Jumps 11% after First Analyst Buy in 4 Years – Is Analyst Sentiment Turning?
Shares of AMC Entertainment (AMC) surged 11% on Thursday after Wedbush five-star analyst Alicia Reese upgraded the stock to Outperform and raised her price target to $4. It's the first Buy rating the company has received from a major Wall Street analyst in over four years. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. The upgrade comes as AMC shows signs of progress in key areas. Reese pointed to a stronger film slate ahead, market share gains driven by premium screens, and a cleaner balance sheet following recent debt restructuring. Investors responded quickly to the bullish note, pushing the stock to $3.33 at the close and $3.34 in after-hours trading. What Changed? Wedbush cited several tailwinds supporting the upgrade. First, AMC recently completed a major debt restructuring that pushes most maturities to 2029 and beyond. The move reduced near-term uncertainty and included $143 million of debt converted into equity. Second, AMC continues to leverage its premium screen leadership, owning the largest footprint of IMAX (IMAX) and Dolby (DLB) theaters in North America, to attract moviegoers despite the rise of streaming. Reese also sees growth potential from planned expansions in the UK and EU. Lastly, the analyst noted that AMC is approaching the end of its share issuance cycle. With EBITDA now expected to cover interest expenses, the need for further equity raises could be off the table. What This Means for Investors In the near term, the stock may see continued volatility as investors weigh short squeezes, sentiment swings, and upcoming earnings. But in the medium term, the narrative appears to be shifting. The focus is moving from meme-driven spikes to actual balance sheet improvements and steady box office trends. Is AMC Stock a Buy? The average 12-month price target on AMC currently stands at $3.10, implying a 6.91% downside. Price targets range from a low of $2.60 to a high of $4. Despite Wedbush's renewed belief in AMC, only 1 out of 8 analysts now rates the stock a Buy, while 6 remain at Hold and 1 at Sell. TipRanks AI rates the stock as Hold with a $3.50 target, reflecting a more cautious 5.1% upside.
Yahoo
3 days ago
- Business
- Yahoo
Why AMC Stock Is Soaring Today
Wedbush boosted its rating on AMC Entertainment stock from neutral to outperform and raised its price target. The firm's analyst was impressed with AMC's recent moves to improve cash flow and reduce debt. Despite improved analyst sentiment, the company's negative equity, years of unprofitability, and weak theater attendance make its stock a risky pick. 10 stocks we like better than AMC Entertainment › Shares of AMC Entertainment (NYSE: AMC) are jumping on Friday, up 10.6% to $3.32 as of 2:05 p.m. ET. At that point in the session, the S&P 500 was off by about 0.2% and the Nasdaq Composite was flat. A ratings upgrade from Wedbush analyst Michael Pachter appeared to be the driving force behind the movie theater chain's stock move. On Friday morning, Wedbush's Pachter upgraded AMC shares from neutral to outperform and raised his 12-month price target on the stock from $3 to $4. The analyst cited an upcoming film release schedule that's more consistent than what we've seen recently. He also pointed to AMC's lead in premium screens in North America as an advantage that could help it capture more market share, as well as the company's expansion plans in the U.K. and the European Union. Pachter was also impressed with AMC's cost-cutting efforts, which have included closing underperforming theaters., That boosted its bottom line, allowing it to reduce its debt and eliminating its need to issue additional shares in the near future. AMC stock has a lot of loyal fans who, despite the company's troubles, see a bright future for it. Their support has turned it into a meme stock. But I'm not convinced by their bullish views. The company's balance sheet is in rough shape with negative equity approaching $2 billion, and it has been years since it has operated in the black. I'm a movie lover, and I wish I could say differently, but consumer trends are not working in AMC's favor. In 2024, roughly 760 million movie tickets were sold in the U.S., down from 1.2 billion the year before the pandemic hit. That in turn was down from the late 1990s through the early 2000s, when 1.4 billion or more tickets were sold during most years. Before you buy stock in AMC Entertainment, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and AMC Entertainment wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $674,432!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,005,854!* Now, it's worth noting Stock Advisor's total average return is 1,049% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of July 7, 2025 Johnny Rice has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why AMC Stock Is Soaring Today was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
AMC Entertainment (AMC) Shares Skyrocket, What You Need To Know
Shares of theater company AMC Entertainment (NYSE:AMC) jumped 8.1% in the afternoon session after the company received a bullish upgrade from analysts at Wedbush. Analyst Alicia Reese of Wedbush upgraded AMC's stock to "outperform" from "neutral," citing a more consistent movie release schedule expected over the next several quarters. The firm also raised its price target on the stock to $4.00 from $3.00. Wedbush noted that AMC is well-positioned to gain market share in 2025 and 2026. Is now the time to buy AMC Entertainment? Access our full analysis report here, it's free. AMC Entertainment's shares are very volatile and have had 25 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. AMC Entertainment is down 17.1% since the beginning of the year, and at $3.33 per share, it is trading 39% below its 52-week high of $5.47 from July 2024. Investors who bought $1,000 worth of AMC Entertainment's shares 5 years ago would now be looking at an investment worth $88.71. Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Bloomberg
5 days ago
- Business
- Bloomberg
Stock Movers: Venture Global, Levi's, AMC
On this episode of Stock Movers: -Venture Global Inc. is close to reaching an agreement for a $20 billion financing package to complete its third liquefied natural gas export project, with European banks Banco Santander SA and ING Groep NV among the lead arrangers, according to people familiar to the matter. A final investment decision on the CP2 project could be made as soon as the end of this month. - Levi Strauss & Co. raised its revenue outlook, expecting sales growth to outweigh the effect of President Donald Trump's tariffs. The company now sees revenue rising between 1% and 2% for the current fiscal year, and has slightly lowered its guidance for gross margin due to tariffs. - AMC Entertainment (AMC) shares rose by more than 11% in recent Friday trading after Wedbush upgraded the company's stock to outperform from neutral and raised its price target to $4 from $3.
