Chris A. Cox Sells 20,000 Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) Stock

AMC Entertainment Holdings, Inc. (NYSE:AMC) CAO Chris A. Cox sold 20,000 shares of the firm’s stock in a transaction on Wednesday, January 12th. The stock was sold at an average price of $22.97, for a total transaction of $459,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

AMC stock traded down $0.09 during midday trading on Friday, hitting $20.57. 56,914,761 shares of the stock traded hands, compared to its average volume of 41,313,664. The firm has a market cap of $10.56 billion, a P/E ratio of -2.31 and a beta of 1.20. The stock’s fifty day simple moving average is $31.56 and its 200-day simple moving average is $37.35. AMC Entertainment Holdings, Inc. has a 1-year low of $2.18 and a 1-year high of $72.62.

AMC Entertainment (NYSE:AMC) last released its quarterly earnings results on Monday, November 8th. The company reported ($0.44) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.53) by $0.09. The firm had revenue of $763.20 million for the quarter, compared to analyst estimates of $742.15 million. The firm’s quarterly revenue was up 538.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($5.70) EPS. Sell-side analysts anticipate that AMC Entertainment Holdings, Inc. will post -2.68 EPS for the current year.

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in AMC Entertainment by 18.7% during the second quarter. Vanguard Group Inc. now owns 44,434,498 shares of the company’s stock valued at $2,518,547,000 after buying an additional 6,992,714 shares during the period. BlackRock Inc. grew its position in shares of AMC Entertainment by 31.3% in the third quarter. BlackRock Inc. now owns 40,015,669 shares of the company’s stock valued at $1,522,998,000 after purchasing an additional 9,533,510 shares during the period. Geode Capital Management LLC grew its position in shares of AMC Entertainment by 13.4% in the third quarter. Geode Capital Management LLC now owns 8,698,444 shares of the company’s stock valued at $330,709,000 after purchasing an additional 1,025,579 shares during the period. State Street Corp grew its position in shares of AMC Entertainment by 25.6% in the second quarter. State Street Corp now owns 8,211,491 shares of the company’s stock valued at $465,427,000 after purchasing an additional 1,674,830 shares during the period. Finally, Northern Trust Corp grew its position in shares of AMC Entertainment by 15.1% in the second quarter. Northern Trust Corp now owns 4,258,647 shares of the company’s stock valued at $241,380,000 after purchasing an additional 559,275 shares during the period. Institutional investors own 31.41% of the company’s stock.

A number of research analysts have issued reports on the stock. Citigroup raised their price target on shares of AMC Entertainment from $5.00 to $6.00 and gave the stock a “sell” rating in a report on Wednesday, November 17th. Wedbush lowered shares of AMC Entertainment from a “neutral” rating to an “underperform” rating and increased their price objective for the stock from $5.44 to $7.50 in a research note on Thursday, November 4th. Finally, Zacks Investment Research lowered shares of AMC Entertainment from a “hold” rating to a “sell” rating in a research note on Tuesday. Seven research analysts have rated the stock with a sell rating and one has given a hold rating to the company. According to data from MarketBeat, AMC Entertainment currently has an average rating of “Sell” and a consensus target price of $12.08.

About AMC Entertainment

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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