Streetbeat News

AMC

AMC Entertainment Holdings, Inc.

https://www.amctheatres.com

Industry

Entertainment

AMC Entertainment Holdings, Inc., through its subsidiaries, engages in the theatrical exhibition business. The company owns, operates, or has interests in theatres in the United States and Europe. As of March 1, 2022, it operated approximately 950 theatres and 10,600 screens. The company was founded in 1920 and is headquartered in Leawood, Kansas.

Open

2.88

Mkt cap

1.3B

Volume

7.8M

High

3.00

P/E Ratio

-2.74

52-wk high

11.88

Low

2.86

Div yield

N/A

52-wk low

2.38

Several big stocks recorded losses in Monday's pre-market trading session. AMC Entertainment shares dipped 26.8% following a crucial court ruling. Aurora Acquisition Corp. dipped 16.7% after shareholders approved a business combination with Better. Xiao-I Corporation shares tumbled 15.6% after a 12% decline on Friday. Nikola Corporation shares declined 14.9% in response to a fire probe. WeWork shares fell 6.9% amid doubts over its ability to stay in business. Cleveland-Cliffs shares declined 6.4% after United States Steel Corp. rejected a buyout offer. Other stocks recording losses include Standard Lithium Ltd., Valneva SE, The Mosaic Company, and U.S. Silica Holdings, Inc.

Portfolio Pulse from Lisa Levin

August 14, 2023 | 10:44 am

AMC Entertainment Holdings, Inc. (NYSE:AMC) shares slumped in premarket trading following the Delaware Chancery Court’s ruling that the company can increase the number of authorized shares and do a reverse split of the shares in the ratio of 1-for-10. This will allow conversion of all outstanding AMC preferred shares (APE) into AMC common shares. The move is expected to dilute equity capital, pushing down the stock price. In premarket trading, AMC shares traded down 27.38% at $3.82, while the APE preferred unit jumped 26.40% to $2.25.

Portfolio Pulse from Shanthi Rexaline

August 14, 2023 | 10:25 am

Barron's has highlighted several stocks in its weekend review. Twilio Inc (TWLO) received an upgrade due to its AI capabilities. AMC Entertainment Holdings Inc (AMC) saw its stock tumble after a court approved the conversion of preferred equity units into common shares. Boeing Co (BA) and Archer Aviation Inc (ACHR) settled their litigation, with Boeing investing in Archer. Analysts have become bullish on Wayfair Inc (W) following a promising investor presentation. NextEra Energy Inc is seen as a low-risk green play.

Portfolio Pulse from Justin Chan

August 12, 2023 | 9:59 pm

AMC Entertainment Holdings Inc (AMC) has won court approval for its revised stock conversion plan, which includes extra shares for individual investors due to the stock conversion. The value of the settlement could range up to $120 million, contingent on AMC’s stock price. The timeline for the APE conversion is uncertain. Shares of AMC are trading 24.14% lower to $3.99, while APE shares are trading 26.97% higher to $2.26.

Portfolio Pulse from AJ Fabino

August 11, 2023 | 9:30 pm

The S&P 500 and Nasdaq Composite saw losses while the Dow Jones gained. July's consumer price index rose to 3.2% in annual inflation, below market expectations. Stifel's Chief Equity Strategist predicts a flat market for the rest of the year. Penn Entertainment Inc announced an exclusive sports betting deal with ESPN, causing a 20% spike in shares, but ended the week with a 4.47% loss. Disney reported a mixed third quarter, with revenue growing 4% annually but below analyst expectations. AMC Entertainment Holdings ended the week 4.37% higher after reporting earnings. Rivian Automotive Inc lost more than 16% of its value this week after reporting losses. Plug Power Inc shares tanked 20.78% despite better-than-expected quarterly results. Canopy Growth, Curaleaf Holdings, and Aurora Cannabis Inc all saw losses after reporting earnings.

Portfolio Pulse from Natan Ponieman

August 11, 2023 | 8:37 pm

AMC Entertainment Holdings, Inc reported Q2 revenues of $1.35 billion, surpassing the estimated $1.29 billion. The company's EBITDA reached $183 million, resulting in a 13.5% margin, exceeding expectations. AMC's total revenue only decreased by about 10% compared to Q2FY19, despite the overall industry box office being down 18% from 2019. The company is exploring opportunities to enhance its concessions offerings and is open to issuing additional common shares to enhance liquidity further.

Portfolio Pulse from Anusuya Lahiri

August 09, 2023 | 7:18 pm

Benzinga's options activity scanner has identified significant trading activity in 10 communication services stocks. The stocks include AMC, GOOG, META, RBLX, CMCSA, DISH, NFLX, PINS, TTWO, and TTD. The options activity ranges from bullish to bearish and neutral sentiments, with varying expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

August 09, 2023 | 5:35 pm

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 4:35 pm

AMC Entertainment Holdings Inc. reported better-than-expected Q2 results, leading to a rise in its share price. The company also noted a 12.2% increase in theater attendance.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 1:38 pm

AMC Entertainment Holdings reported Q2 FY23 revenue growth of 15.6% YoY to $1.35 billion, beating the consensus of $1.29 billion. Overall attendance improved by 12.2% YoY, with U.S. markets attendance increasing by 15% and international markets attendance growing by 4.6%. The company's adjusted EPS of $(0.00) beat the consensus loss of $(0.04), and adjusted EBITDA improved by $75.8 million to $182.5 million. AMC shares traded higher by 3.52% at $5.30 premarket on the last check Tuesday.

Portfolio Pulse from Anusuya Lahiri

August 08, 2023 | 12:42 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.