AMC Entertainment Holdings, Inc. (NYSE:AMC – Get Free Report) shares gapped down before the market opened on Tuesday . The stock had previously closed at $2.76, but opened at $2.11. AMC Entertainment shares last traded at $2.0950, with a volume of 31,944,251 shares traded.
Key Headlines Impacting AMC Entertainment
Here are the key news stories impacting AMC Entertainment this week:
- Positive Sentiment: AMC reported strong recent box office activity, saying weekend attendance topped 4.8 million as Toy Story 5 opened, which suggests improving theater demand. AMC says weekend attendance topped 4.8M as ‘Toy Story 5’ opened
- Neutral Sentiment: Analysts currently rate AMC as a “Hold,” indicating Wall Street sees limited near-term upside or downside clarity from here. AMC Entertainment Holdings, Inc. (NYSE:AMC) Given Consensus Rating of “Hold” by Analysts
- Neutral Sentiment: A recent commentary piece suggested AMC’s stronger balance sheet and improving box office trends could help support the company’s turnaround case. AMC Entertainment: Strengthened Balance Sheet From Equity Offerings And Improved Box Office
- Negative Sentiment: AMC’s $200 million share sale is the main drag on the stock, with the new issuance expected to dilute existing shareholders and pressure the share price. AMC Entertainment Holdings, Inc. Announces Pricing of $200 Million Registered Direct Offering of Common Stock
- Negative Sentiment: Market coverage said AMC shares slid sharply after the capital raise announcement, as investors focused on dilution rather than debt reduction benefits. AMC Stock Tumbles Toward Latest Offering Price
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on the company. Weiss Ratings raised AMC Entertainment from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday. B. Riley Financial reiterated a “buy” rating on shares of AMC Entertainment in a research report on Thursday, June 11th. Wall Street Zen upgraded shares of AMC Entertainment from a “strong sell” rating to a “hold” rating in a research note on Saturday, May 9th. Benchmark raised shares of AMC Entertainment from a “hold” rating to a “buy” rating and set a $2.50 price objective on the stock in a research report on Wednesday, May 6th. Finally, Roth Mkm set a $1.50 price objective on shares of AMC Entertainment in a research note on Tuesday, May 19th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $2.24.
AMC Entertainment Stock Performance
The business has a 50-day simple moving average of $1.80 and a two-hundred day simple moving average of $1.55. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of -1.88 and a beta of 2.22.
AMC Entertainment (NYSE:AMC – Get Free Report) last released its earnings results on Tuesday, May 5th. The company reported ($0.36) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.04). The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $979.19 million. During the same quarter in the prior year, the firm posted ($0.58) earnings per share. The company’s revenue for the quarter was up 21.2% on a year-over-year basis. Research analysts predict that AMC Entertainment Holdings, Inc. will post -0.37 EPS for the current fiscal year.
Insider Buying and Selling
In other news, CEO Adam M. Aron acquired 250,000 shares of the business’s stock in a transaction on Tuesday, May 19th. The stock was bought at an average price 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 in the company, valued at $3,363,087.60. This represents a 11.43% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.43% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the company. UBS Group AG lifted its position in AMC Entertainment by 4,537.9% in the third quarter. UBS Group AG now owns 23,194,957 shares of the company’s stock valued at $67,265,000 after purchasing an additional 22,694,842 shares during the period. Vanguard Group Inc. increased its position in AMC Entertainment by 13.1% during the 3rd quarter. Vanguard Group Inc. now owns 50,119,260 shares of the company’s stock worth $145,346,000 after purchasing an additional 5,793,996 shares during the period. Jump Financial LLC acquired a new position in AMC Entertainment during the 3rd quarter worth approximately $4,827,000. JPMorgan Chase & Co. raised its stake in shares of AMC Entertainment by 87.6% during the 4th quarter. JPMorgan Chase & Co. now owns 3,120,561 shares of the company’s stock worth $4,868,000 after buying an additional 1,457,493 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of AMC Entertainment by 20.6% during the 4th quarter. Renaissance Technologies LLC now owns 8,009,819 shares of the company’s stock worth $12,495,000 after buying an additional 1,369,000 shares in the last quarter. 28.80% of the stock is currently owned by institutional investors and hedge funds.
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.
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