AMC Entertainment Holdings, Inc. (NYSE:AMC – Get Free Report)’s share price rose 7.2% during mid-day trading on Tuesday . The stock traded as high as $2.03 and last traded at $2.0050. Approximately 11,338,036 shares changed hands during trading, a decline of 70% from the average session volume of 37,634,227 shares. The stock had previously closed at $1.87.
Analyst Ratings Changes
Several equities analysts recently weighed in on the stock. Wall Street Zen raised shares of AMC Entertainment from a “strong sell” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings upgraded shares of AMC Entertainment from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, June 23rd. Citigroup increased their price objective on shares of AMC Entertainment from $1.10 to $1.20 and gave the company a “sell” rating in a report on Thursday, May 7th. Benchmark upgraded AMC Entertainment from a “hold” rating to a “buy” rating and set a $2.50 price objective for the company in a research report on Wednesday, May 6th. Finally, Roth Capital set a $1.50 target price on AMC Entertainment in a report on Tuesday, May 19th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $1.80.
Read Our Latest Stock Analysis on AMC
AMC Entertainment Stock Performance
AMC Entertainment (NYSE:AMC – Get Free Report) last posted its earnings results on Tuesday, May 5th. The company reported ($0.36) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.04). The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $979.19 million. During the same period in the previous year, the business posted ($0.58) earnings per share. The business’s quarterly revenue was up 21.2% compared to the same quarter last year. On average, equities analysts predict that AMC Entertainment Holdings, Inc. will post -0.37 earnings per share for the current year.
Insider Buying and Selling at AMC Entertainment
In other AMC Entertainment news, CEO Adam M. Aron bought 250,000 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The shares were purchased at an average cost of $1.38 per share, for a total transaction of $345,000.00. Following the transaction, the chief executive officer owned 2,437,020 shares of the company’s stock, valued at $3,363,087.60. This represents a 11.43% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.43% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. 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 increased its position in shares of AMC Entertainment by 90.7% during 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 position in shares of AMC Entertainment during the 2nd quarter valued at approximately $34,000. Powell Investment Advisors LLC purchased a new stake in AMC Entertainment during the 4th quarter valued at $39,000. Finally, Corient Private Wealth LLC purchased a new stake in AMC Entertainment during the 4th quarter valued at $41,000. Hedge funds and other institutional investors own 28.80% of the company’s stock.
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.
See Also
- Five stocks we like better than AMC Entertainment
- JPMorgan’s Q2 Strength Gives the Stock Rally New Support
- 3 Energy Stocks Racing to Fix AI’s Power Problem
- No Space For Panic: T-Mobile Shrugs Off The Starlink Threat
- Prepare for the Next Wave of Factory Automation With These 3 Standout Names
Receive News & Ratings for AMC Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMC Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.
