Key Points
- AMC CEO Adam Aron bought 250,000 shares on Tuesday at an average price of $1.38, spending $345,000. After the purchase, he owned 2,437,020 shares, a gain of 11.43% in his stake.
- AMC recently reported quarterly earnings of ($0.36) per share, missing estimates, while revenue of $1.05 billion came in above expectations and rose 21.2% year over year.
- Wall Street sentiment remains mixed, with a consensus “Hold” rating and average price target of $2.24, though Benchmark recently upgraded the stock to Buy with a $2.50 target.
AMC Entertainment Holdings, Inc. (NYSE:AMC - Get Free Report) CEO Adam Aron acquired 250,000 shares of AMC Entertainment stock in a transaction on Tuesday, May 19th. The shares were bought at an average price of $1.38 per share, for a total transaction of $345,000.00. Following the purchase, 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
AMC Entertainment Price Performance
Shares of AMC opened at $1.37 on Wednesday. AMC Entertainment Holdings, Inc. has a 12 month low of $0.93 and a 12 month high of $4.08. The stock's 50-day moving average is $1.32 and its two-hundred day moving average is $1.61. The stock has a market cap of $835.47 million, a PE ratio of -1.29 and a beta of 2.14.
AMC Entertainment (NYSE:AMC - Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The company reported ($0.36) EPS for the quarter, missing the consensus estimate of ($0.32) by ($0.04). The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $979.19 million. During the same quarter last year, the business posted ($0.58) EPS. The business's quarterly revenue was up 21.2% on a year-over-year basis. On average, research analysts anticipate that AMC Entertainment Holdings, Inc. will post -0.36 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on the company. Benchmark upgraded AMC Entertainment from a "hold" rating to a "buy" rating and set a $2.50 price target on the stock in a research note on Wednesday, May 6th. Roth Mkm set a $1.50 price target on AMC Entertainment in a research note on Tuesday. Citigroup boosted 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. B. Riley Financial reiterated a "neutral" rating on shares of AMC Entertainment in a research note on Friday, April 17th. Finally, Weiss Ratings reiterated a "sell (e+)" rating on shares of AMC Entertainment in a research note on Monday, April 20th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $2.24.
Read Our Latest Research Report on AMC Entertainment
Institutional Trading of AMC Entertainment
Several hedge funds and other institutional investors have recently bought and sold shares of AMC. UBS Group AG increased its holdings 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 buying an additional 22,694,842 shares during the last quarter. Vanguard Group Inc. increased its holdings in AMC Entertainment by 13.1% in the third quarter. Vanguard Group Inc. now owns 50,119,260 shares of the company's stock valued at $145,346,000 after buying an additional 5,793,996 shares during the last quarter. Jump Financial LLC bought a new stake in AMC Entertainment in the third quarter valued at about $4,827,000. JPMorgan Chase & Co. increased its holdings in AMC Entertainment by 87.6% in the fourth quarter. JPMorgan Chase & Co. now owns 3,120,561 shares of the company's stock valued at $4,868,000 after buying an additional 1,457,493 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in AMC Entertainment by 20.6% in the fourth quarter. Renaissance Technologies LLC now owns 8,009,819 shares of the company's stock valued at $12,495,000 after buying an additional 1,369,000 shares during the last quarter. 28.80% of the stock is owned by institutional investors.
About AMC Entertainment
(
Get Free Report)
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.
Further Reading
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