AMC Entertainment (NYSE:AMC) Share Price Passes Above 50 Day Moving Average – Here’s What Happened

AMC Entertainment Holdings, Inc. (NYSE:AMC) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $1.38 and traded as high as $1.60. AMC Entertainment shares last traded at $1.5750, with a volume of 18,744,561 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Roth Mkm set a $1.50 price objective on AMC Entertainment in a research report on Tuesday, May 19th. Benchmark raised AMC Entertainment from a “hold” rating to a “buy” rating and set a $2.50 price objective for the company in a research note on Wednesday, May 6th. B. Riley Financial reiterated a “neutral” rating on shares of AMC Entertainment in a report on Friday, April 17th. Weiss Ratings reiterated a “sell (e+)” rating on shares of AMC Entertainment in a research report on Monday, April 20th. Finally, Citigroup boosted their target price on shares of AMC Entertainment from $1.10 to $1.20 and gave the stock a “sell” rating in a report on Thursday, May 7th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $2.24.

AMC Entertainment Trading Down 0.9%

The firm has a market capitalization of $964.01 million, a P/E ratio of -1.49 and a beta of 2.14. The company has a 50-day moving average of $1.38 and a 200-day moving average of $1.57.

AMC Entertainment (NYSE:AMC) last released its quarterly earnings results on Tuesday, May 5th. The company reported ($0.36) EPS for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.04). The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $979.19 million. The company’s revenue was up 21.2% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.58) EPS. Research analysts predict that AMC Entertainment Holdings, Inc. will post -0.41 EPS for the current year.

Insider Buying and Selling

In other news, CEO Adam M. Aron bought 250,000 shares of the firm’s stock in a transaction on Tuesday, May 19th. The stock was acquired at an average price of $1.38 per share, with a total value of $345,000.00. Following the transaction, the chief executive officer owned 2,437,020 shares of the company’s stock, valued at $3,363,087.60. This trade represents a 11.43% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.43% of the stock is owned by insiders.

Hedge Funds Weigh In On AMC Entertainment

Hedge funds have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position 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 raised its position 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 worth $2,038,000 after purchasing an additional 164,740 shares during the period. JPMorgan Chase & Co. raised its holdings in AMC Entertainment by 19.8% during the second quarter. JPMorgan Chase & Co. now owns 1,820,405 shares of the company’s stock worth $5,643,000 after buying an additional 300,376 shares during the last quarter. Prudential Financial Inc. lifted its position in AMC Entertainment by 89.6% in the 2nd quarter. Prudential Financial Inc. now owns 55,685 shares of the company’s stock valued at $173,000 after acquiring an additional 26,310 shares in the last quarter. Finally, Hsbc Holdings PLC raised its stake in shares of AMC Entertainment by 9.2% in the second quarter. Hsbc Holdings PLC now owns 102,506 shares of the company’s stock worth $315,000 after purchasing an additional 8,629 shares during 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.