Stocks of AMC Entertainment Holdings Inc. (NYSE:AMC) traded higher last session on Wall Street, down -0.59% to $5.07.
According to the data, AMC Entertainment Holdings Inc. (NYSE:AMC) has 8 analysts covering its stock. The consensus rating among analysts is ‘Underweight’. As we calculate the median target price by taking the range between a high of $4.50 and a low of $0.50, we find $1.83. Given the previous closing price of $5.10, this indicates a potential downside of -64.12 percent. AMC stock price is now -0.12% away from the 50-day moving average and -24.05% away from the 200-day moving average. The market capitalization of the company currently stands at $2.70B.
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A total of 3 analysts have issued a hold rating and 0 have given it a buy rating. Brokers who have rated the stock have averaged $2.27 as their price target over the next twelve months.
On January 03, 2023, B. Riley Securities reiterated its ‘Neutral’ rating on the stock by increasing its target price from $7.50 to quote $4.50, while ‘Wedbush’ rates the stock as ‘Underperform’.
In other news, Antara Capital LP, 10% Owner sold 426,868 shares of the company’s stock on May 17. The stock was sold for $682,989 at an average price of $1.60. Upon completion of the transaction, the 10% Owner now directly owns 148,202,848 shares in the company, valued at $751.39 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 16, 10% Owner Antara Capital LP sold 497,947 shares of the business’s stock. A total of $794,037 was realized by selling the stock at an average price of $1.59. This leaves the insider owning 152,717,639 shares of the company worth $774.28 million. Insiders disposed of 53,667,533 shares of company stock worth roughly $272.09 million over the past 1 year. A total of 0.45% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in AMC stock. A new stake in AMC Entertainment Holdings Inc. shares was purchased by EMINENCE CAPITAL, LP during the first quarter worth $13,926,000. CLEAR STREET LLC invested $6,490,000 in shares of AMC during the first quarter. In the first quarter, ARISTEIA CAPITAL LLC acquired a new stake in AMC Entertainment Holdings Inc. valued at approximately $4,690,000. SQUAREPOINT OPS LLC acquired a new stake in AMC for approximately $3,920,000. COWEN AND COMPANY, LLC purchased a new stake in AMC valued at around $1,633,000 in the second quarter. In total, there are 384 active investors with 26.80% ownership of the company’s stock.
Thursday’s opening bell rang with an opening price of $5.08 for AMC Entertainment Holdings Inc. (NYSE: AMC). During the past 12 months, AMC Entertainment Holdings Inc. has had a low of $3.77 and a high of $16.89. The fifty day moving average price for AMC is $5.06 and a two-hundred day moving average price translates $7.20 for the stock.
The latest earnings results from AMC Entertainment Holdings Inc. (NYSE: AMC) was released for Mar, 2023. According to the Entertainment Company, earnings per share came in at -$0.09, beating analysts’ expectations of -$0.15 by 0.06. This compares to -$0.33 EPS in the same period last year. The net profit margin was -21.40% and return on equity was 34.50% for AMC. The company reported revenue of $954.4 million for the quarter, compared to $785.7 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 21.47 percent. For the current quarter, analysts expect AMC to generate $1.23B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 08/19/2022. Investors who held shares on 08/15/2022 were paid a $0.01 dividend.
AMC Entertainment Holdings Inc.(AMC) Company Profile
AMC Entertainment Holdings, Inc., through its subsidiaries, engages in the theatrical exhibition business. The company owns, operates, or has interests in theatres in the United States and Europe. AMC Entertainment Holdings, Inc. was founded in 1920 and is headquartered in Leawood, Kansas.
