An overview of AMC Entertainment Holdings Inc’s (AMC) institutional holdings

In yesterday’s Wall Street session, AMC Entertainment Holdings Inc (NYSE:AMC) shares traded at $7.90, down -1.37% from the previous session.

7 analysts cover AMC Entertainment Holdings Inc (NYSE:AMC), according to research data. 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 $4.75, we find $9.00. Given the previous closing price of $8.01, this indicates a potential upside of 12.36 percent. AMC stock price is now -13.11% away from the 50-day moving average and -76.86% away from the 200-day moving average. The market capitalization of the company currently stands at $1.57B.

The stock has received a hold rating from 4 analysts and a buy rating from 0. Brokers who have rated the stock have averaged $8.95 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 $741.9 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 $805.05 million. Insiders disposed of 82,874,286 shares of company stock worth roughly $654.71 million over the past 1 year. A total of 0.28% of the company’s stock is owned by insiders.

On Monday morning AMC Entertainment Holdings Inc (NYSE: AMC) stock kicked off with the opening price of $7.95. 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 $9.09 and a two-hundred day moving average price translates $38.33 for the stock.

The latest earnings results from AMC Entertainment Holdings Inc (NYSE: AMC) was released for Sep, 2023. According to the Entertainment Company, earnings per share came in at $0.08, beating analysts’ expectations of -$0.19 by 0.27. This compares to -$2.20 EPS in the same period last year. The company reported revenue of $1.41 billion for the quarter, compared to $968.4 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 45.18 percent. For the current quarter, analysts expect AMC to generate $1.08B in revenue.

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.

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