The stock of AMC Entertainment Holdings Inc. (NYSE:APE) last traded at $1.73, down -2.26% from the previous session.
Data from the available sources indicates that AMC Entertainment Holdings Inc. (NYSE:APE) is covered by 8 analysts. 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 $1.77, this indicates a potential upside of 3.39 percent. APE stock price is now -1.01% away from the 50-day moving average and 3.91% away from the 200-day moving average. The market capitalization of the company currently stands at $2.47B.
In total, 3 analysts have assigned it 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.
In other news, Antara Capital LP, 10% Owner sold 7,993,400 shares of the company’s stock on Jun 28. The stock was sold for $13,815,317 at an average price of $1.73. Upon completion of the transaction, the 10% Owner now directly owns 93,911,906 shares in the company, valued at $162.47 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 27, 10% Owner Antara Capital LP sold 3,573,030 shares of the business’s stock. A total of $6,395,362 was realized by selling the stock at an average price of $1.79. This leaves the insider owning 101,905,306 shares of the company worth $176.3 million. Insiders disposed of 63,138,295 shares of company stock worth roughly $109.23 million over the past 1 year. A total of 0.27% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in APE stock. A new stake in AMC Entertainment Holdings Inc. shares was purchased by BERRY STREET CAPITAL MANAGEMENT LLP during the first quarter worth $3,568,000. JET CAPITAL INVESTORS L P invested $3,287,000 in shares of APE during the first quarter. In the first quarter, TUDOR INVESTMENT CORP ET AL acquired a new stake in AMC Entertainment Holdings Inc. valued at approximately $1,557,000. PRELUDE CAPITAL MANAGEMENT, LLC acquired a new stake in APE for approximately $345,000. SKYVIEW INVESTMENT ADVISORS, LLC purchased a new stake in APE valued at around $38,000 in the second quarter. In total, there are 60 active investors with 16.36% ownership of the company’s stock.
With an opening price of $1.8000 on Tuesday morning, AMC Entertainment Holdings Inc. (NYSE: APE) set off the trading day. During the past 12 months, AMC Entertainment Holdings Inc. has had a low of $0.65 and a high of $10.50. The fifty day moving average price for APE is $1.7510 and a two-hundred day moving average price translates $1.6632 for the stock.
The latest earnings results from AMC Entertainment Holdings Inc. (NYSE: APE) was released for Mar, 2023.
AMC Entertainment Holdings Inc.(APE) 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.
