The stock of AMC Entertainment Holdings Inc. (NYSE:APE) last traded at $2.07, up 16.29% 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 $1.78, this indicates a potential upside of 2.81 percent. APE stock price is now 17.61% away from the 50-day moving average and 25.32% away from the 200-day moving average. The market capitalization of the company currently stands at $3.18B.
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 $194.4 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 $210.94 million. Insiders disposed of 63,138,295 shares of company stock worth roughly $130.7 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 GILDER GAGNON HOWE & CO LLC during the first quarter worth $430,000. ONE68 GLOBAL CAPITAL, LLC invested $97,000 in shares of APE during the first quarter. In the first quarter, SKYVIEW INVESTMENT ADVISORS, LLC acquired a new stake in AMC Entertainment Holdings Inc. valued at approximately $46,000. In total, there are 60 active investors with 16.36% ownership of the company’s stock.
With an opening price of $2.0400 on Monday 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 $1.7698 and a two-hundred day moving average price translates $1.6491 for the stock.
The latest earnings results from AMC Entertainment Holdings Inc. (NYSE: APE) was released for Jun, 2023.
