AMC Entertainment Holdings Inc (NYSE:AMC) shares traded 78.35% higher at $5.19 on Wall Street last session.
AMC stock price is now 46.35% away from the 50-day moving average and -44.66% away from the 200-day moving average. The market capitalization of the company currently stands at $1.53B.
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With the price target reduced from $12 to $8, B. Riley Securities maintained Neutral rating for AMC Entertainment Holdings Inc (NYSE: AMC). On September 26, 2023, Citigroup reiterated its ‘Sell’ rating on the stock by increasing its target price from $15.50 to quote $4.75, while ‘Wedbush’ rates the stock as ‘Neutral’
In other news, Antara Capital LP, 10% Owner sold 7,993,400 shares of the company’s stock on Jun 28 ’23. The stock was sold for $13,815,317 at an average price of $1.73. Upon completion of the transaction, the 10% Owner now directly owns 93,911,906 shares in the company, valued at $487.4 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 27 ’23, 10% Owner Antara Capital LP sold 3,573,030 shares of the business’s stock. A total of $6,395,362 was realized by selling the stock at an average price of $1.79. This leaves the insider owning 101,905,306 shares of the company worth $528.89 million. A total of 0.34% of the company’s stock is owned by insiders.
During the past 12 months, AMC Entertainment Holdings Inc has had a low of $2.38 and a high of $54.97.
According to the Entertainment Company, earnings per share came in at 0.09, beating analysts’ expectations of -0.37 by 0.46. This compares to -$1.71 EPS in the same period last year. The company reported revenue of $951.4 million for the quarter, compared to $954.4 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.31 percent. For the current quarter, analysts expect AMC to generate $1.17B in revenue.
