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

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

Wall Street Analyst Weigh In

Several brokerages have recently commented on AMC. Weiss Ratings raised shares of AMC Entertainment from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, June 23rd. Citigroup increased their target price on shares of AMC Entertainment from $1.10 to $1.20 and gave the stock a “sell” rating in a research note on Thursday, May 7th. Benchmark upgraded shares of AMC Entertainment from a “hold” rating to a “buy” rating and set a $2.50 price target for the company in a report on Wednesday, May 6th. Roth Capital set a $1.50 price target on shares of AMC Entertainment in a research note on Tuesday, May 19th. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of AMC Entertainment in a research note on Thursday, June 11th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $2.24.

AMC Entertainment Trading Down 0.9%

The business has a 50-day moving average of $1.84 and a 200 day moving average of $1.54. The firm has a market capitalization of $1.54 billion, a PE ratio of -1.63 and a beta of 2.08.

AMC Entertainment (NYSE:AMC) last posted its quarterly earnings data on Tuesday, May 5th. The company reported ($0.36) EPS for the quarter, missing the consensus estimate 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 period last year, the business posted ($0.58) EPS. The business’s revenue was up 21.2% on a year-over-year basis. On average, sell-side analysts expect that AMC Entertainment Holdings, Inc. will post -0.37 EPS for the current fiscal year.

Insider Buying and Selling

In other AMC Entertainment news, CEO Adam M. Aron purchased 250,000 shares of the company’s stock in a transaction that occurred 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 acquisition, the chief executive officer owned 2,437,020 shares of the company’s stock, valued at $3,363,087.60. The trade was a 11.43% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.43% of the company’s stock.

Institutional Investors Weigh In On AMC Entertainment

A number of hedge funds have recently made changes to their positions in AMC. Swiss Life Asset Management Ltd grew its position in AMC Entertainment by 59.5% during the third quarter. Swiss Life Asset Management Ltd now owns 17,512 shares of the company’s stock valued at $51,000 after buying an additional 6,536 shares during the period. Victory Capital Management Inc. raised its position in AMC Entertainment by 14.3% in the third quarter. Victory Capital Management Inc. now owns 58,710 shares of the company’s stock worth $170,000 after acquiring an additional 7,339 shares during the period. Optimize Financial Inc raised its position in AMC Entertainment by 1.5% in the fourth quarter. Optimize Financial Inc now owns 543,906 shares of the company’s stock worth $848,000 after acquiring an additional 7,824 shares during the period. Hsbc Holdings PLC boosted its stake in 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 acquiring an additional 8,629 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in AMC Entertainment by 4.0% in the fourth quarter. The Manufacturers Life Insurance Company now owns 235,395 shares of the company’s stock valued at $367,000 after acquiring an additional 9,051 shares during the last quarter. 28.80% of the stock is currently owned by institutional investors.

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.