AMC Entertainment (NYSE:AMC) Trading Down 5.1% – Here’s Why

AMC Entertainment Holdings, Inc. (NYSE:AMC) was down 5.1% during mid-day trading on Monday . The stock 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 session volume of 37,098,188 shares. The stock had previously closed at $1.89.

Analyst Ratings Changes

Several analysts recently commented on AMC shares. Wall Street Zen upgraded AMC Entertainment from a “strong sell” rating to a “hold” rating in a research report on Saturday, May 9th. B. Riley Financial reiterated a “buy” rating on shares of AMC Entertainment in a research report on Thursday, June 11th. Weiss Ratings raised AMC Entertainment from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, June 23rd. Benchmark raised AMC Entertainment from a “hold” rating to a “buy” rating and set a $2.50 price target on the stock in a report on Wednesday, May 6th. Finally, Roth Mkm set a $1.50 price objective on shares of AMC Entertainment in a research note on Tuesday, May 19th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, AMC Entertainment has an average rating of “Hold” and a consensus price target of $2.24.

AMC Entertainment Stock Down 6.6%

The firm’s 50-day simple moving average is $1.83 and its 200 day simple moving average is $1.54. The stock 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 issued its quarterly earnings results on Tuesday, May 5th. The company reported ($0.36) earnings per share 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 the consensus estimate of $979.19 million. During the same period last year, the firm earned ($0.58) earnings per share. The company’s revenue was up 21.2% compared to the same quarter last year. As a group, equities analysts anticipate that AMC Entertainment Holdings, Inc. will post -0.37 EPS for the current fiscal year.

Insider Activity at AMC Entertainment

In other AMC Entertainment news, CEO Adam M. Aron bought 250,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The stock was acquired at an average cost of $1.38 per share, with a total value of $345,000.00. Following the completion of the purchase, the chief executive officer directly owned 2,437,020 shares in the company, valued at approximately $3,363,087.60. This trade represents a 11.43% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 0.43% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. UBS Group AG lifted its position in shares of AMC Entertainment by 4,537.9% during the 3rd quarter. UBS Group AG now owns 23,194,957 shares of the company’s stock valued at $67,265,000 after acquiring an additional 22,694,842 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of AMC Entertainment by 9.2% during the 4th quarter. Geode Capital Management LLC now owns 12,254,550 shares of the company’s stock worth $19,121,000 after acquiring an additional 1,029,668 shares in the last quarter. State Street Corp grew its holdings in shares of AMC Entertainment by 12.7% in the 4th quarter. State Street Corp now owns 11,349,046 shares of the company’s stock worth $17,705,000 after acquiring an additional 1,278,974 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of AMC Entertainment by 20.6% in the 4th quarter. Renaissance Technologies LLC now owns 8,009,819 shares of the company’s stock worth $12,495,000 after acquiring an additional 1,369,000 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of AMC Entertainment by 87.6% during the fourth quarter. JPMorgan Chase & Co. now owns 3,120,561 shares of the company’s stock worth $4,868,000 after purchasing an additional 1,457,493 shares during the period. Institutional investors and hedge funds own 28.80% of the company’s stock.

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.