AMC Entertainment (NYSE:AMC) Stock Crosses Above 50-Day Moving Average – Here’s Why

AMC Entertainment Holdings, Inc. (NYSE:AMC)’s stock price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 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 traded.

Analyst Upgrades and Downgrades

AMC has been the topic of a number of recent research reports. B. Riley Financial reiterated a “neutral” rating on shares of AMC Entertainment in a research note on Friday, April 17th. Citigroup boosted their price target on 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 reiterated a “sell (e+)” rating on shares of AMC Entertainment in a research report on Monday, April 20th. Roth Mkm set a $1.50 target price on AMC Entertainment in a report on Tuesday, May 19th. Finally, Wall Street Zen raised shares of AMC Entertainment from a “strong sell” rating to a “hold” rating in a research report on Saturday, May 9th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $2.24.

AMC Entertainment Stock Down 0.9%

The stock has a 50 day moving average of $1.38 and a 200 day moving average of $1.57. The firm has a market cap of $964.01 million, a price-to-earnings ratio of -1.49 and a beta of 2.14.

AMC Entertainment (NYSE:AMC) last released its earnings results on Tuesday, May 5th. The company reported ($0.36) earnings per share 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 analysts’ expectations of $979.19 million. AMC Entertainment’s revenue was up 21.2% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.58) EPS. As a group, analysts predict that AMC Entertainment Holdings, Inc. will post -0.41 EPS for the current fiscal year.

Insider Buying and Selling at AMC Entertainment

In other AMC Entertainment news, CEO Adam M. Aron acquired 250,000 shares of AMC Entertainment stock in a transaction that occurred on Tuesday, May 19th. The shares were acquired 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 directly owned 2,437,020 shares of the company’s stock, valued at $3,363,087.60. This represents a 11.43% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.43% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. UBS Group AG grew its holdings in shares of AMC Entertainment by 4,537.9% during the 3rd 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 during the last quarter. Vanguard Group Inc. lifted its stake in AMC Entertainment by 13.1% in the 3rd 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 during the last quarter. Jump Financial LLC bought a new position in AMC Entertainment in the 3rd quarter valued at approximately $4,827,000. JPMorgan Chase & Co. boosted its position 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 buying an additional 1,457,493 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position 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 buying an additional 1,369,000 shares in 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.