AMC Entertainment (NYSE:AMC) Trading 7% Higher on Insider Buying Activity

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) traded up 7% on Tuesday after an insider bought additional shares in the company. The company traded as high as $1.4550 and last traded at $1.4550. 6,538,233 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 34,402,141 shares. The stock had previously closed at $1.36.

Specifically, CEO Adam M. Aron purchased 250,000 shares of the stock in a transaction on Tuesday, May 19th. The stock was acquired at an average cost of $1.38 per share, with a total value of $345,000.00. Following the completion of the purchase, the chief executive officer directly owned 2,437,020 shares of the company’s stock, valued at approximately $3,363,087.60. This trade represents a 11.43% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. B. Riley Financial reissued a “neutral” rating on shares of AMC Entertainment in a research note on Friday, April 17th. Citigroup boosted their target price on AMC Entertainment from $1.10 to $1.20 and gave the company a “sell” rating in a research note on Thursday, May 7th. Roth Mkm set a $1.50 price objective on AMC Entertainment in a research report on Tuesday. Weiss Ratings reiterated a “sell (e+)” rating on shares of AMC Entertainment in a research report on Monday, April 20th. Finally, Benchmark upgraded shares of AMC Entertainment from a “hold” rating to a “buy” rating and set a $2.50 price target for the company in a report on Wednesday, May 6th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, AMC Entertainment presently has an average rating of “Hold” and a consensus target price of $2.24.

AMC Entertainment Stock Up 2.3%

The company has a market cap of $951.77 million, a P/E ratio of -1.47 and a beta of 2.14. The business has a fifty day moving average of $1.33 and a 200 day moving average of $1.60.

AMC Entertainment (NYSE:AMC) last issued its quarterly earnings data on Tuesday, May 5th. The company reported ($0.36) EPS for the quarter, missing the consensus estimate of ($0.32) by ($0.04). The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $979.19 million. During the same period in the previous year, the business earned ($0.58) EPS. The company’s quarterly revenue was up 21.2% on a year-over-year basis. On average, sell-side analysts anticipate that AMC Entertainment Holdings, Inc. will post -0.36 EPS for the current fiscal year.

Hedge Funds Weigh In On AMC Entertainment

Institutional investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of AMC Entertainment by 21.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 240,255 shares of the company’s stock worth $690,000 after acquiring an additional 41,860 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of AMC Entertainment by 30.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 710,181 shares of the company’s stock valued at $2,038,000 after purchasing an additional 164,740 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of AMC Entertainment by 19.8% during the second quarter. JPMorgan Chase & Co. now owns 1,820,405 shares of the company’s stock valued at $5,643,000 after purchasing an additional 300,376 shares in the last quarter. Prudential Financial Inc. increased its stake in shares of AMC Entertainment by 89.6% during the second quarter. Prudential Financial Inc. now owns 55,685 shares of the company’s stock valued at $173,000 after purchasing an additional 26,310 shares in the last quarter. Finally, Hsbc Holdings PLC increased its stake in shares of AMC Entertainment by 9.2% during the second quarter. Hsbc Holdings PLC now owns 102,506 shares of the company’s stock valued at $315,000 after purchasing an additional 8,629 shares in the last quarter. Institutional investors own 28.80% of the company’s stock.

AMC Entertainment Company Profile

AMC Entertainment Holdings, Inc operates as a leading movie exhibition company, specializing in the presentation of theatrical motion pictures across a network of multiplex cinemas. The company’s core business activities encompass ticket sales, concession and refreshment services, and the licensing of premium viewing formats. AMC offers a variety of auditorium experiences, including IMAX®, Dolby Cinema™, and Cinemark’s RealD 3D systems, designed to enhance audience engagement through superior sound, visual clarity, and seating comfort.

Originally founded in 1920 with its first theatre in Kansas City, AMC has evolved into one of the largest theater chains in the world.