AMC Entertainment (NYSE:AMC) CEO Buys $345,000.00 in Stock

AMC Entertainment Holdings, Inc. (NYSE:AMC) CEO Adam Aron acquired 250,000 shares of the firm’s stock in a transaction on Tuesday, May 19th. The stock was purchased at an average cost of $1.38 per share, with a total value of $345,000.00. Following the purchase, the chief executive officer owned 2,437,020 shares of the company’s stock, valued at $3,363,087.60. The trade was a 11.43% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

AMC Entertainment Price Performance

Shares of NYSE AMC opened at $1.56 on Friday. The company has a market cap of $951.77 million, a P/E ratio of -1.47 and a beta of 2.14. AMC Entertainment Holdings, Inc. has a 1 year low of $0.93 and a 1 year high of $4.08. The firm has a 50-day simple moving average of $1.34 and a two-hundred day simple moving average of $1.60.

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 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 prior year, the firm posted ($0.58) earnings per share. AMC Entertainment’s revenue was up 21.2% compared to the same quarter last year. As a group, equities research analysts expect that AMC Entertainment Holdings, Inc. will post -0.41 EPS for the current year.

Wall Street Analyst Weigh In

AMC has been the subject of several research analyst reports. Wall Street Zen raised shares of AMC Entertainment from a “strong sell” rating to a “hold” rating in a research note on Saturday, May 9th. Citigroup lifted their price target on shares of AMC Entertainment from $1.10 to $1.20 and gave the company a “sell” rating in a research note on Thursday, May 7th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of AMC Entertainment in a research note on Monday, April 20th. B. Riley Financial reaffirmed a “neutral” rating on shares of AMC Entertainment in a research note on Friday, April 17th. Finally, Roth Mkm set a $1.50 price target on shares of AMC Entertainment in a research note on Tuesday. Two 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 MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $2.24.

Hedge Funds Weigh In On AMC Entertainment

A number of large investors have recently bought and sold shares of the business. Wealthfront Advisers LLC raised its stake in AMC Entertainment by 7.6% in the third quarter. Wealthfront Advisers LLC now owns 81,455 shares of the company’s stock worth $236,000 after buying an additional 5,763 shares in the last quarter. Swiss Life Asset Management Ltd raised its stake in AMC Entertainment by 59.5% in the third 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 in the last quarter. Victory Capital Management Inc. raised its stake in AMC Entertainment by 14.3% in the third quarter. Victory Capital Management Inc. now owns 58,710 shares of the company’s stock worth $170,000 after buying an additional 7,339 shares in the last quarter. Jones Financial Companies Lllp raised its stake in AMC Entertainment by 761.8% in the third quarter. Jones Financial Companies Lllp now owns 8,480 shares of the company’s stock worth $25,000 after buying an additional 7,496 shares in the last quarter. Finally, Optimize Financial Inc raised its stake in AMC Entertainment by 1.5% in the fourth quarter. Optimize Financial Inc now owns 543,906 shares of the company’s stock worth $848,000 after buying an additional 7,824 shares in the last quarter. Institutional investors 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.