Insider Selling: AMC Entertainment Holdings, Inc. (NYSE:AMC) SVP Sells 10,000 Shares of Stock

AMC Entertainment Holdings, Inc. (NYSE:AMC) SVP Daniel E. Ellis sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, April 16th. The stock was sold at an average price of $9.48, for a total value of $94,800.00. Following the sale, the senior vice president now directly owns 81,294 shares of the company’s stock, valued at $770,667.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

AMC Entertainment stock traded down $0.57 during trading on Friday, hitting $9.33. The stock had a trading volume of 40,608,953 shares, compared to its average volume of 158,606,688. The stock has a market cap of $4.20 billion, a price-to-earnings ratio of -0.27 and a beta of 2.48. The stock’s 50 day moving average is $10.17 and its two-hundred day moving average is $5.61. AMC Entertainment Holdings, Inc. has a 1 year low of $1.91 and a 1 year high of $20.36.

AMC Entertainment (NYSE:AMC) last posted its earnings results on Tuesday, March 9th. The company reported ($3.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.80) by ($0.35). The business had revenue of $162.50 million during the quarter, compared to analysts’ expectations of $141.31 million. AMC Entertainment’s quarterly revenue was down 88.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.35 EPS. On average, sell-side analysts predict that AMC Entertainment Holdings, Inc. will post -16.59 EPS for the current fiscal year.

Several research firms have recently issued reports on AMC. UBS Group began coverage on AMC Entertainment in a report on Wednesday, March 10th. They issued a “sell” rating for the company. MKM Partners lowered AMC Entertainment from a “neutral” rating to a “sell” rating and set a $1.00 target price for the company. in a report on Monday, February 1st. Loop Capital reaffirmed a “sell” rating and issued a $1.00 target price on shares of AMC Entertainment in a report on Wednesday, April 7th. B. Riley raised AMC Entertainment from a “neutral” rating to a “buy” rating and upped their target price for the company from $7.00 to $13.00 in a report on Monday, April 5th. Finally, Zacks Investment Research downgraded AMC Entertainment from a “buy” rating to a “hold” rating in a research note on Tuesday, March 30th. Five investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. AMC Entertainment presently has an average rating of “Hold” and an average price target of $5.00.

Several large investors have recently bought and sold shares of AMC. BlackRock Inc. lifted its position in shares of AMC Entertainment by 69.0% during the fourth quarter. BlackRock Inc. now owns 6,211,222 shares of the company’s stock worth $13,168,000 after acquiring an additional 2,536,803 shares in the last quarter. LMR Partners LLP purchased a new stake in shares of AMC Entertainment during the fourth quarter worth $1,887,000. Virtu Financial LLC lifted its position in shares of AMC Entertainment by 2,878.3% during the fourth quarter. Virtu Financial LLC now owns 601,489 shares of the company’s stock worth $1,275,000 after acquiring an additional 581,293 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of AMC Entertainment by 39.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,770,263 shares of the company’s stock worth $3,753,000 after acquiring an additional 503,851 shares in the last quarter. Finally, Stifel Financial Corp lifted its position in shares of AMC Entertainment by 285.5% during the fourth quarter. Stifel Financial Corp now owns 461,624 shares of the company’s stock worth $979,000 after acquiring an additional 341,884 shares in the last quarter. Hedge funds and other institutional investors own 16.61% of the company’s stock.

About AMC Entertainment

AMC Entertainment Holdings, Inc, through its subsidiaries, involved in the theatrical exhibition business. The company owns, operates, or has interests in theatres. As of March 17, 2020, it operated approximately 1,000 theatres and 11,000 screens in the United States and internationally. The company was founded in 1920 and is headquartered in Leawood, Kansas.

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