AMC Entertainment (NYSE:AMC) Trading Up 7% Following Insider Buying Activity

AMC Entertainment Holdings, Inc. (NYSE:AMC)’s share price traded up 7% during trading on Tuesday after an insider bought additional shares in the company. The company traded as high as $1.4550 and last traded at $1.4550. 6,538,233 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 34,402,141 shares. The stock had previously closed at $1.36.

Specifically, CEO Adam M. Aron purchased 250,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The stock was 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 in the company, valued at $3,363,087.60. This trade represents a 11.43% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Citigroup raised their price objective on shares of AMC Entertainment from $1.10 to $1.20 and gave the company a “sell” rating in a research report on Thursday, May 7th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of AMC Entertainment in a research report on Monday, April 20th. Roth Mkm set a $1.50 price objective on shares of AMC Entertainment in a research report on Tuesday. Wall Street Zen raised shares of AMC Entertainment from a “strong sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, B. Riley Financial reaffirmed a “neutral” rating on shares of AMC Entertainment in a research report on Friday, April 17th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, AMC Entertainment has a consensus rating of “Hold” and an average price target of $2.24.

AMC Entertainment Price Performance

The stock’s 50 day simple moving average is $1.33 and its two-hundred day simple moving average is $1.60. The stock has a market cap of $951.77 million, a price-to-earnings ratio of -1.47 and a beta of 2.14.

AMC Entertainment (NYSE:AMC) last issued its 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 firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $979.19 million. During the same quarter in the previous year, the company earned ($0.58) EPS. The business’s quarterly revenue was up 21.2% compared to the same quarter last year. As a group, analysts predict that AMC Entertainment Holdings, Inc. will post -0.36 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMC. Jones Financial Companies Lllp lifted its position in AMC Entertainment by 761.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 8,480 shares of the company’s stock worth $25,000 after buying an additional 7,496 shares in the last quarter. Triumph Capital Management lifted its position in AMC Entertainment by 139.0% during the 4th quarter. Triumph Capital Management now owns 19,000 shares of the company’s stock valued at $30,000 after purchasing an additional 11,050 shares during the period. Royal Bank of Canada lifted its position in AMC Entertainment by 90.7% during the 1st quarter. Royal Bank of Canada now owns 33,657 shares of the company’s stock valued at $33,000 after purchasing an additional 16,011 shares during the period. Pitcairn Co. acquired a new position in AMC Entertainment during the 2nd quarter valued at about $34,000. Finally, Powell Investment Advisors LLC acquired a new position in AMC Entertainment during the 4th quarter valued at about $39,000. Institutional investors and hedge funds 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.