AMC Entertainment (NYSE:AMC) Stock Price Down 7.5%

AMC Entertainment Holdings, Inc. (NYSE:AMCGet Rating) shares traded down 7.5% on Thursday . The stock traded as low as $11.58 and last traded at $11.65. 1,298,318 shares were traded during trading, a decline of 97% from the average session volume of 41,400,216 shares. The stock had previously closed at $12.60.

Several research analysts have recently weighed in on the stock. B. Riley decreased their price objective on shares of AMC Entertainment from $16.00 to $11.00 and set a “neutral” rating for the company in a report on Tuesday. StockNews.com assumed coverage on shares of AMC Entertainment in a report on Thursday, March 31st. They set a “sell” rating for the company. Four analysts have rated the stock with a sell rating and one has issued a hold rating to the company’s stock. According to MarketBeat.com, AMC Entertainment currently has an average rating of “Reduce” and a consensus price target of $8.17.

The firm’s 50-day moving average is $13.86 and its 200-day moving average is $18.35. The company has a market capitalization of $6.03 billion, a P/E ratio of -6.12 and a beta of 1.73.

AMC Entertainment (NYSE:AMCGet Rating) last announced its earnings results on Monday, May 9th. The company reported ($0.52) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.63) by $0.11. The business had revenue of $785.70 million for the quarter, compared to the consensus estimate of $736.23 million. The business’s quarterly revenue was up 429.8% compared to the same quarter last year. During the same quarter last year, the firm posted ($1.42) earnings per share. Sell-side analysts expect that AMC Entertainment Holdings, Inc. will post -1.06 earnings per share for the current fiscal year.

In other AMC Entertainment news, EVP John D. Mcdonald sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, March 31st. The shares were sold at an average price of $23.91, for a total value of $597,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Chris A. Cox sold 14,931 shares of the company’s stock in a transaction that occurred on Tuesday, March 29th. The stock was sold at an average price of $28.80, for a total transaction of $430,012.80. The disclosure for this sale can be found here. Insiders have sold 59,931 shares of company stock valued at $1,625,963 over the last 90 days. 0.58% of the stock is currently owned by company insiders.

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of AMC Entertainment by 0.6% during the first quarter. Vanguard Group Inc. now owns 47,381,679 shares of the company’s stock worth $1,167,484,000 after acquiring an additional 296,013 shares during the last quarter. BlackRock Inc. boosted its position in shares of AMC Entertainment by 1.0% during the first quarter. BlackRock Inc. now owns 43,321,127 shares of the company’s stock worth $1,067,431,000 after acquiring an additional 428,358 shares during the last quarter. State Street Corp boosted its position in shares of AMC Entertainment by 0.8% during the first quarter. State Street Corp now owns 13,393,337 shares of the company’s stock worth $330,012,000 after acquiring an additional 107,221 shares during the last quarter. Geode Capital Management LLC raised its stake in AMC Entertainment by 4.9% during the fourth quarter. Geode Capital Management LLC now owns 9,121,992 shares of the company’s stock valued at $247,909,000 after purchasing an additional 423,548 shares in the last quarter. Finally, Northern Trust Corp raised its stake in AMC Entertainment by 0.3% during the fourth quarter. Northern Trust Corp now owns 5,795,137 shares of the company’s stock valued at $157,627,000 after purchasing an additional 15,617 shares in the last quarter. Hedge funds and other institutional investors own 34.20% of the company’s stock.

AMC Entertainment Company Profile (NYSE:AMC)

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. As of March 1, 2022, it operated approximately 950 theatres and 10,600 screens. The company was founded in 1920 and is headquartered in Leawood, Kansas.

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