AMC Entertainment Holdings, Inc. (NYSE:AMC) EVP Elizabeth F. Frank sold 46,165 shares of the company’s stock in a transaction dated Monday, January 10th. The shares were sold at an average price of $22.42, for a total transaction of $1,035,019.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
NYSE:AMC opened at $20.57 on Friday. The stock’s 50 day moving average price is $31.14 and its 200 day moving average price is $37.09. AMC Entertainment Holdings, Inc. has a 52 week low of $2.18 and a 52 week high of $72.62. The company has a market capitalization of $10.56 billion, a P/E ratio of -2.34 and a beta of 1.20.
AMC Entertainment (NYSE:AMC) last announced its quarterly earnings results on Monday, November 8th. The company reported ($0.44) EPS for the quarter, beating the consensus estimate of ($0.53) by $0.09. The company had revenue of $763.20 million for the quarter, compared to analyst estimates of $742.15 million. During the same quarter last year, the business earned ($5.70) EPS. The company’s revenue for the quarter was up 538.7% on a year-over-year basis. On average, equities analysts predict that AMC Entertainment Holdings, Inc. will post -2.68 earnings per share for the current year.
AMC has been the subject of a number of analyst reports. Zacks Investment Research lowered shares of AMC Entertainment from a “hold” rating to a “sell” rating in a research note on Tuesday. Citigroup upped their price objective on shares of AMC Entertainment from $5.00 to $6.00 and gave the company a “sell” rating in a research note on Wednesday, November 17th. Finally, Wedbush lowered shares of AMC Entertainment from a “neutral” rating to an “underperform” rating and upped their price objective for the company from $5.44 to $7.50 in a research note on Thursday, November 4th. Seven analysts have rated the stock with a sell rating and one has assigned a hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Sell” and an average target price of $12.08.
AMC Entertainment Company Profile
AMC Entertainment Holdings, Inc engages in the theatrical exhibition business through its subsidiaries. It operates through the United States Markets and International Markets segments. The United States segment involves in the activity in the U.S. specifically in New York, Los Angeles, Chicago, Atlanta, and Washington, DC.
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