AMC Entertainment Holdings, Inc. (NYSE:AMC – Get Free Report) was up 7.8% during trading on Wednesday . The company traded as high as $1.83 and last traded at $1.8550. 32,163,578 shares were traded during mid-day trading, a decline of 15% from the average daily volume of 37,652,141 shares. The stock had previously closed at $1.72.
Wall Street Analyst Weigh In
AMC has been the subject of several recent research reports. Benchmark upgraded shares of AMC Entertainment from a “hold” rating to a “buy” rating and set a $2.50 target price for the company in a research note on Wednesday, May 6th. Wall Street Zen raised AMC Entertainment from a “strong sell” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings upgraded AMC Entertainment from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, June 23rd. Citigroup upped their price target on AMC Entertainment from $1.10 to $1.20 and gave the stock a “sell” rating in a research note on Thursday, May 7th. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of AMC Entertainment in a report on Thursday, June 11th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $2.24.
View Our Latest Stock Analysis on AMC Entertainment
AMC Entertainment Price Performance
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 the consensus estimate of ($0.32) by ($0.04). The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $979.19 million. The company’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.58) EPS. Analysts anticipate that AMC Entertainment Holdings, Inc. will post -0.37 EPS for the current year.
Insider Activity at AMC Entertainment
In related news, CEO Adam M. Aron acquired 250,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were purchased at an average price of $1.38 per share, with a total value of $345,000.00. Following the completion of the acquisition, the chief executive officer owned 2,437,020 shares in the company, valued at approximately $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 available through this hyperlink. 0.43% of the stock is owned by company insiders.
Institutional Trading of AMC Entertainment
Several large investors have recently bought and sold shares of AMC. UBS Group AG boosted its stake in shares of AMC Entertainment by 4,537.9% during the third quarter. UBS Group AG now owns 23,194,957 shares of the company’s stock valued at $67,265,000 after acquiring an additional 22,694,842 shares during the last quarter. Jump Financial LLC purchased a new position in AMC Entertainment in the 3rd quarter valued at about $4,827,000. JPMorgan Chase & Co. boosted 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 purchasing an additional 1,457,493 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of AMC Entertainment by 20.6% during the fourth 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. Finally, State Street Corp grew its holdings in shares of AMC Entertainment by 12.7% during the fourth quarter. State Street Corp now owns 11,349,046 shares of the company’s stock worth $17,705,000 after buying an additional 1,278,974 shares in the last quarter. Institutional investors and hedge funds own 28.80% of the company’s stock.
About AMC Entertainment
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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