The stock of AMC Entertainment Holdings Inc (NYSE:AMC) last traded at $9.82, up 6.05% from the previous session.
Data from the available sources indicates that AMC Entertainment Holdings Inc (NYSE:AMC) is covered by 7 analysts. The consensus rating among analysts is ‘Underweight’. As we calculate the median target price by taking the range between a high of $15.00 and a low of $4.41, we find $7.38. Given the previous closing price of $9.26, this indicates a potential downside of -20.3 percent. AMC stock price is now -51.06% away from the 50-day moving average and -74.28% away from the 200-day moving average. The market capitalization of the company currently stands at $1.95B.
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In total, 4 analysts have assigned it a hold rating, and 0 have given it a buy rating. Brokers who have rated the stock have averaged $8.54 as their price target over the next twelve months.
With the price target reduced from $15.50 to $4.75, Citigroup maintained Sell rating for AMC Entertainment Holdings Inc (NYSE: AMC).
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 $922.21 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 $1.0 billion. Insiders disposed of 76,077,502 shares of company stock worth roughly $747.08 million over the past 1 year. A total of 0.35% 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 BOUSSARD & GAVAUDAN INVESTMENT MANAGEMENT LLP during the first quarter worth $2,973,000. CADIAN CAPITAL MANAGEMENT, LP invested $1,731,000 in shares of AMC during the first quarter. In the first quarter, MARSHALL WACE, LLP acquired a new stake in AMC Entertainment Holdings Inc valued at approximately $1,430,000. HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND acquired a new stake in AMC for approximately $310,000. HUDSON BAY CAPITAL MANAGEMENT LP purchased a new stake in AMC valued at around $295,000 in the second quarter.
With an opening price of $9.12 on Monday morning, AMC Entertainment Holdings Inc (NYSE: AMC) set off the trading day. During the past 12 months, AMC Entertainment Holdings Inc has had a low of $7.05 and a high of $80.74. The fifty day moving average price for AMC is $21.19 and a two-hundred day moving average price translates $42.87 for the stock.
The latest earnings results from AMC Entertainment Holdings Inc (NYSE: AMC) was released for Jun, 2023. According to the Entertainment Company, earnings per share came in at $0.09, beating analysts’ expectations of -$0.37 by 0.46. This compares to -$1.18 EPS in the same period last year. The company reported revenue of $1.35 billion for the quarter, compared to $1.17 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 15.56 percent. For the current quarter, analysts expect AMC to generate $1.17B 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.
