AMC Entertainment Holdings, Inc. (NYSE:AMC) CEO Sells $7,140,625.00 in Stock

AMC Entertainment Holdings, Inc. (NYSE:AMC) CEO Adam M. Aron sold 312,500 shares of the business’s stock in a transaction on Tuesday, January 11th. The shares were sold at an average price of $22.85, for a total transaction of $7,140,625.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of NYSE:AMC opened at $20.57 on Friday. AMC Entertainment Holdings, Inc. has a twelve month low of $2.18 and a twelve month high of $72.62. The firm has a market cap of $10.56 billion, a PE ratio of -2.34 and a beta of 1.20. The business has a fifty day moving average of $31.14 and a 200-day moving average of $37.09.

AMC Entertainment (NYSE:AMC) last announced its quarterly earnings data on Monday, November 8th. The company reported ($0.44) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.53) by $0.09. The firm had revenue of $763.20 million during the quarter, compared to analyst estimates of $742.15 million. AMC Entertainment’s revenue for the quarter was up 538.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($5.70) earnings per share. On average, analysts predict that AMC Entertainment Holdings, Inc. will post -2.68 EPS for the current fiscal year.

A number of equities research analysts have weighed in on AMC shares. Wedbush downgraded shares of AMC Entertainment from a “neutral” rating to an “underperform” rating and upped their price target for the company from $5.44 to $7.50 in a report on Thursday, November 4th. Zacks Investment Research downgraded AMC Entertainment from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, Citigroup upped their target price on AMC Entertainment from $5.00 to $6.00 and gave the company a “sell” rating in a report on Wednesday, November 17th. Seven equities research analysts have rated the stock with a sell rating and one has assigned a hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Sell” and an average target price of $12.08.

A number of institutional investors and hedge funds have recently modified their holdings of AMC. Metropolitan Life Insurance Co NY lifted its holdings in shares of AMC Entertainment by 110,075.0% during the 2nd quarter. Metropolitan Life Insurance Co NY now owns 110,175 shares of the company’s stock valued at $6,245,000 after purchasing an additional 110,075 shares in the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of AMC Entertainment by 2.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 284,995 shares of the company’s stock valued at $16,154,000 after purchasing an additional 6,085 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in AMC Entertainment in the 3rd quarter valued at approximately $1,108,000. Deutsche Bank AG lifted its stake in AMC Entertainment by 125.0% in the 3rd quarter. Deutsche Bank AG now owns 724,491 shares of the company’s stock valued at $27,574,000 after acquiring an additional 402,477 shares in the last quarter. Finally, Prosperity Planning Inc. lifted its stake in AMC Entertainment by 3.5% in the 3rd quarter. Prosperity Planning Inc. now owns 92,318 shares of the company’s stock valued at $3,514,000 after acquiring an additional 3,139 shares in the last quarter. Hedge funds and other institutional investors own 31.41% of the company’s stock.

AMC Entertainment Company Profile

AMC Entertainment Holdings, Inc engages in the theatrical exhibition business through its subsidiaries. It operates through the United States Markets and International Markets segments. The United States segment involves in the activity in the U.S. specifically in New York, Los Angeles, Chicago, Atlanta, and Washington, DC.

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