AMC Entertainment (NYSE:AMC) Stock Price Down 6.5% – What’s Next?

AMC Entertainment Holdings, Inc. (NYSE:AMC) shares dropped 6.5% on Friday . The company traded as low as $1.90 and last traded at $1.9350. 10,387,573 shares were traded during trading, a decline of 72% from the average session volume of 37,551,828 shares. The stock had previously closed at $2.07.

Wall Street Analysts Forecast Growth

AMC has been the subject of several recent research reports. Weiss Ratings raised AMC Entertainment from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, June 23rd. B. Riley Financial reaffirmed a “buy” rating on shares of AMC Entertainment in a research note on Thursday, June 11th. Texas Capital upgraded AMC Entertainment from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Benchmark raised shares of AMC Entertainment from a “hold” rating to a “buy” rating and set a $2.50 target price for the company in a research report on Wednesday, May 6th. Finally, Citigroup raised their price target 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. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $1.80.

AMC Entertainment Stock Down 4.6%

The stock’s 50-day simple moving average is $1.89 and its 200 day simple moving average is $1.55. The firm has a market cap of $1.76 billion, a P/E ratio of -1.87 and a beta of 2.08.

AMC Entertainment (NYSE:AMC) last announced its quarterly earnings data on Tuesday, May 5th. The company reported ($0.36) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.04). The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $979.19 million. During the same quarter last year, the company earned ($0.58) earnings per share. AMC Entertainment’s revenue for the quarter was up 21.2% compared to the same quarter last year. On average, research analysts forecast that AMC Entertainment Holdings, Inc. will post -0.35 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other AMC Entertainment news, CEO Adam M. Aron purchased 250,000 shares of the company’s stock in a transaction on Tuesday, May 19th. The shares were purchased 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 owned 2,437,020 shares in the company, valued at $3,363,087.60. This represents a 11.43% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.43% of the company’s stock.

Institutional Trading of AMC Entertainment

Several large investors have recently modified their holdings of the stock. Swiss Life Asset Management Ltd grew its position in shares of AMC Entertainment by 59.5% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 17,512 shares of the company’s stock worth $51,000 after buying an additional 6,536 shares during the period. Victory Capital Management Inc. lifted its position in shares of AMC Entertainment by 14.3% during the 3rd quarter. Victory Capital Management Inc. now owns 58,710 shares of the company’s stock valued at $170,000 after acquiring an additional 7,339 shares during the period. Optimize Financial Inc lifted its position in shares of AMC Entertainment by 1.5% during the 4th quarter. Optimize Financial Inc now owns 543,906 shares of the company’s stock valued at $848,000 after acquiring an additional 7,824 shares during the period. Hsbc Holdings PLC boosted its stake in AMC Entertainment by 9.2% during the second quarter. Hsbc Holdings PLC now owns 102,506 shares of the company’s stock worth $315,000 after acquiring an additional 8,629 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in AMC Entertainment by 4.0% during the fourth quarter. The Manufacturers Life Insurance Company now owns 235,395 shares of the company’s stock worth $367,000 after acquiring an additional 9,051 shares in the last quarter. Institutional investors and hedge funds own 28.80% of the company’s stock.

About AMC Entertainment

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.