AMC Entertainment (NYSE:AMC) Shares Down 5.1% – What’s Next?

AMC Entertainment Holdings, Inc. (NYSE:AMC) was down 5.1% on Monday . The company traded as low as $1.77 and last traded at $1.7940. Approximately 4,538,757 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 37,098,188 shares. The stock had previously closed at $1.89.

Analysts Set New Price Targets

Several brokerages recently issued reports on AMC. Wall Street Zen upgraded AMC Entertainment from a “strong sell” rating to a “hold” rating in a research note on Saturday, May 9th. Citigroup boosted their target price on shares of AMC Entertainment from $1.10 to $1.20 and gave the company a “sell” rating in a research note on Thursday, May 7th. Benchmark raised shares of AMC Entertainment from a “hold” rating to a “buy” rating and set a $2.50 target price on the stock in a report on Wednesday, May 6th. B. Riley Financial restated a “buy” rating on shares of AMC Entertainment in a research report on Thursday, June 11th. Finally, Weiss Ratings upgraded shares of AMC Entertainment from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, June 23rd. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $2.24.

AMC Entertainment Price Performance

The company has a fifty day moving average price of $1.83 and a 200 day moving average price of $1.54. The company has a market capitalization of $1.58 billion, a P/E ratio of -1.67 and a beta of 2.08.

AMC Entertainment (NYSE:AMC) last announced its quarterly 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 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) earnings per share. The company’s revenue was up 21.2% on a year-over-year basis. On average, equities research analysts predict that AMC Entertainment Holdings, Inc. will post -0.37 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Adam M. Aron bought 250,000 shares of the business’s stock in a transaction on Tuesday, May 19th. The shares were bought at an average cost of $1.38 per share, for a total transaction of $345,000.00. Following the completion of 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.43% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On AMC Entertainment

Several institutional investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in AMC Entertainment by 21.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 240,255 shares of the company’s stock valued at $690,000 after purchasing an additional 41,860 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in AMC Entertainment by 30.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 710,181 shares of the company’s stock worth $2,038,000 after purchasing an additional 164,740 shares during the last quarter. JPMorgan Chase & Co. grew its position in AMC Entertainment by 19.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,820,405 shares of the company’s stock worth $5,643,000 after purchasing an additional 300,376 shares during the last quarter. Prudential Financial Inc. increased its stake in shares of AMC Entertainment by 89.6% in the second quarter. Prudential Financial Inc. now owns 55,685 shares of the company’s stock valued at $173,000 after purchasing an additional 26,310 shares during the period. Finally, Hsbc Holdings PLC increased its stake in shares of AMC Entertainment by 9.2% in the second quarter. Hsbc Holdings PLC now owns 102,506 shares of the company’s stock valued at $315,000 after purchasing an additional 8,629 shares during the period. 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.