Caitong International Asset Management Co. Ltd Increases Stock Position in AMC Entertainment Holdings, Inc. $AMC

Caitong International Asset Management Co. Ltd increased its holdings in shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) by 3,100.8% in the fourth quarter, Holdings Channel reports. The firm owned 225,685 shares of the company’s stock after buying an additional 218,634 shares during the quarter. Caitong International Asset Management Co. Ltd’s holdings in AMC Entertainment were worth $352,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Jones Financial Companies Lllp increased 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 valued at $25,000 after purchasing an additional 7,496 shares during the period. Pitcairn Co. acquired a new stake in AMC Entertainment during the 2nd quarter worth approximately $34,000. One Capital Management LLC acquired a new stake in AMC Entertainment during the 3rd quarter worth approximately $44,000. Swiss Life Asset Management Ltd grew its stake in shares of AMC Entertainment by 59.5% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 17,512 shares of the company’s stock valued at $51,000 after purchasing an additional 6,536 shares during the last quarter. Finally, Triumph Capital Management grew its stake in shares of AMC Entertainment by 139.0% in the 4th quarter. Triumph Capital Management now owns 19,000 shares of the company’s stock valued at $30,000 after purchasing an additional 11,050 shares during the last quarter. 28.80% of the stock is owned by hedge funds and other institutional investors.

AMC Entertainment Price Performance

Shares of AMC stock opened at $2.79 on Friday. The firm’s 50-day simple moving average is $1.74 and its 200-day simple moving average is $1.56. AMC Entertainment Holdings, Inc. has a 1-year low of $0.93 and a 1-year high of $3.60. The firm has a market cap of $1.71 billion, a P/E ratio of -2.64 and a beta of 2.22.

AMC Entertainment (NYSE:AMC) last posted its quarterly earnings results on Tuesday, May 5th. The company reported ($0.36) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.04). The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $979.19 million. The firm’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.58) earnings per share. Analysts expect that AMC Entertainment Holdings, Inc. will post -0.37 earnings per share for the current fiscal year.

Insider Transactions at AMC Entertainment

In other news, CEO Adam M. Aron purchased 250,000 shares of the company’s stock in a transaction on Tuesday, May 19th. The stock was bought at an average cost of $1.38 per share, for a total transaction 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. The trade was a 11.43% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.43% of the company’s stock.

Analysts Set New Price Targets

AMC has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of AMC Entertainment in a research note on Monday, April 20th. Benchmark raised AMC Entertainment from a “hold” rating to a “buy” rating and set a $2.50 price objective on the stock in a report on Wednesday, May 6th. Roth Mkm set a $1.50 price objective on AMC Entertainment in a research report on Tuesday, May 19th. Citigroup increased their target price on shares of AMC Entertainment from $1.10 to $1.20 and gave the company a “sell” rating in a report on Thursday, May 7th. Finally, Wall Street Zen upgraded shares of AMC Entertainment from a “strong sell” rating to a “hold” rating in a research report on Saturday, May 9th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $2.24.

AMC Entertainment 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.