Adam Aron Acquires 250,000 Shares of AMC Entertainment (NYSE:AMC) Stock

AMC Entertainment Holdings, Inc. (NYSE:AMC) CEO Adam 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, for a total transaction of $345,000.00. Following the completion of the transaction, the chief executive officer directly owned 2,437,020 shares of the company’s stock, valued at approximately $3,363,087.60. This represents a 11.43% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

AMC Entertainment Price Performance

Shares of AMC Entertainment stock opened at $1.54 on Thursday. The business has a fifty day simple moving average of $1.33 and a two-hundred day simple moving average of $1.60. AMC Entertainment Holdings, Inc. has a 1 year low of $0.93 and a 1 year high of $4.08. The company has a market capitalization of $939.53 million, a price-to-earnings ratio of -1.45 and a beta of 2.14.

AMC Entertainment (NYSE:AMC) last announced its quarterly earnings results 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 during the quarter, compared to analyst estimates of $979.19 million. During the same period last year, the company earned ($0.58) earnings per share. AMC Entertainment’s revenue was up 21.2% on a year-over-year basis. As a group, equities analysts anticipate that AMC Entertainment Holdings, Inc. will post -0.36 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have issued reports on AMC shares. Benchmark raised 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. Wall Street Zen raised AMC Entertainment from a “strong sell” rating to a “hold” rating in a report on Saturday, May 9th. Roth Mkm set a $1.50 price target on AMC Entertainment in a report on Tuesday. Citigroup raised their price target on AMC Entertainment from $1.10 to $1.20 and gave the company a “sell” rating in a report on Thursday, May 7th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of AMC Entertainment in a report on Monday, April 20th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $2.24.

Institutional Investors Weigh In On AMC Entertainment

Hedge funds and other institutional investors have recently modified their holdings of the company. UBS Group AG raised its stake in AMC Entertainment by 4,537.9% in the third quarter. UBS Group AG now owns 23,194,957 shares of the company’s stock valued at $67,265,000 after purchasing an additional 22,694,842 shares in the last quarter. Vanguard Group Inc. raised its stake in AMC Entertainment by 13.1% in the third quarter. Vanguard Group Inc. now owns 50,119,260 shares of the company’s stock valued at $145,346,000 after purchasing an additional 5,793,996 shares in the last quarter. Jump Financial LLC acquired a new position in AMC Entertainment in the third quarter valued at about $4,827,000. JPMorgan Chase & Co. raised its stake in AMC Entertainment by 87.6% in the fourth quarter. JPMorgan Chase & Co. now owns 3,120,561 shares of the company’s stock valued at $4,868,000 after purchasing an additional 1,457,493 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in AMC Entertainment by 20.6% in the fourth quarter. Renaissance Technologies LLC now owns 8,009,819 shares of the company’s stock valued at $12,495,000 after purchasing an additional 1,369,000 shares in the last quarter. Institutional investors and hedge funds own 28.80% of the company’s stock.

More AMC Entertainment News

Here are the key news stories impacting AMC Entertainment this week:

• Positive Sentiment: CEO Adam Aron bought 250,000 AMC shares in the open market, signaling confidence in the company’s outlook. Adam Aron Buys 250,000 Shares of AMC Entertainment (NYSE:AMC) Stock
• Positive Sentiment: Aron publicly emphasized his alignment with shareholders, which is boosting sentiment around AMC stock. AMC stock pops overnight: CEO Adam Aron buys more shares, says ‘I ride with you’
• Positive Sentiment: Options activity surged, with unusually heavy call buying suggesting traders are positioning for more upside.
• Neutral Sentiment: Recent entertainment-related announcements, including new AMC-branded content and podcast projects, add visibility but do not appear to be the main driver of the stock move.
• Negative Sentiment: AMC recently reported a quarterly EPS loss that missed analyst expectations, underscoring that profitability remains a concern.

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.