AMC Entertainment (NYSE:AMC) CEO Purchases $345,000.00 in Stock

AMC Entertainment Holdings, Inc. (NYSE:AMC) CEO Adam Aron purchased 250,000 shares of the business’s stock in a transaction on Tuesday, May 19th. The shares were acquired at an average cost of $1.38 per share, for a total transaction of $345,000.00. Following the completion of the transaction, the chief executive officer directly 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 filing with the Securities & Exchange Commission, which is available through this link.

AMC Entertainment Stock Up 0.4%

Shares of AMC stock traded up $0.01 on Tuesday, reaching $1.37. The stock had a trading volume of 20,426,190 shares, compared to its average volume of 34,565,367. AMC Entertainment Holdings, Inc. has a 12 month low of $0.93 and a 12 month high of $4.08. The firm has a market capitalization of $835.48 million, a price-to-earnings ratio of -1.29 and a beta of 2.14. The firm’s 50-day moving average is $1.32 and its two-hundred day moving average is $1.62.

AMC Entertainment (NYSE:AMC) last announced 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 business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $979.19 million. During the same quarter in the previous year, the firm posted ($0.58) EPS. The firm’s quarterly revenue was up 21.2% on a year-over-year basis. On average, sell-side analysts forecast that AMC Entertainment Holdings, Inc. will post -0.36 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its holdings in AMC Entertainment by 761.8% during the third quarter. Jones Financial Companies Lllp now owns 8,480 shares of the company’s stock worth $25,000 after purchasing an additional 7,496 shares during the last quarter. Triumph Capital Management boosted its holdings in AMC Entertainment by 139.0% during the fourth quarter. Triumph Capital Management now owns 19,000 shares of the company’s stock worth $30,000 after purchasing an additional 11,050 shares during the last quarter. Royal Bank of Canada boosted its holdings in AMC Entertainment by 90.7% during the first quarter. Royal Bank of Canada now owns 33,657 shares of the company’s stock worth $33,000 after purchasing an additional 16,011 shares during the last quarter. Pitcairn Co. purchased a new position in AMC Entertainment during the second quarter worth about $34,000. Finally, Powell Investment Advisors LLC purchased a new position in AMC Entertainment during the fourth quarter worth about $39,000. 28.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on AMC shares. Citigroup raised their price target 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. Wall Street Zen upgraded shares of AMC Entertainment from a “strong sell” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of AMC Entertainment in a research note on Monday, April 20th. Roth Mkm set a $1.50 price target on shares of AMC Entertainment in a research note on Tuesday. Finally, B. Riley Financial reiterated a “neutral” rating on shares of AMC Entertainment in a report on Friday, April 17th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, AMC Entertainment presently has an average rating of “Hold” and a consensus target price of $2.24.

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.