AMC Entertainment Holdings, Inc. (NYSE:AMC – Free Report) – Equities researchers at Barrington Research raised their Q1 2024 earnings estimates for AMC Entertainment in a research note issued on Monday, April 22nd. Barrington Research analyst J. Goss now expects that the company will post earnings per share of ($0.87) for the quarter, up from their prior forecast of ($0.94). The consensus estimate for AMC Entertainment’s current full-year earnings is ($1.63) per share. Barrington Research also issued estimates for AMC Entertainment’s FY2024 earnings at ($2.10) EPS, FY2025 earnings at ($1.34) EPS and FY2026 earnings at ($1.11) EPS.
A number of other equities analysts have also recently issued reports on AMC. B. Riley lowered their price objective on shares of AMC Entertainment from $12.00 to $8.00 and set a “neutral” rating for the company in a research report on Thursday, February 29th. Wedbush reduced their target price on shares of AMC Entertainment from $6.00 to $4.00 and set a “neutral” rating on the stock in a report on Thursday, April 18th. Four investment analysts have rated the stock with a sell rating and two have given a hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $5.95.
AMC Entertainment Stock Performance
Shares of AMC traded down $0.07 during midday trading on Thursday, reaching $3.21. The stock had a trading volume of 7,943,676 shares, compared to its average volume of 15,516,574. The firm has a 50 day simple moving average of $3.89 and a 200-day simple moving average of $5.79. AMC Entertainment has a one year low of $2.38 and a one year high of $62.30.
AMC Entertainment (NYSE:AMC – Get Free Report) last issued its quarterly earnings data on Wednesday, February 28th. The company reported ($0.54) EPS for the quarter, topping analysts’ consensus estimates of ($0.70) by $0.16. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.06 billion.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of AMC. Russell Investments Group Ltd. acquired a new position in AMC Entertainment during the fourth quarter worth $34,000. Powell Investment Advisors LLC acquired a new position in AMC Entertainment during the first quarter worth $55,000. Tower Research Capital LLC TRC raised its holdings in AMC Entertainment by 817.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 9,945 shares of the company’s stock worth $61,000 after buying an additional 8,861 shares during the last quarter. Eudaimonia Partners LLC acquired a new position in AMC Entertainment during the fourth quarter worth $71,000. Finally, Baader Bank Aktiengesellschaft acquired a new position in AMC Entertainment during the fourth quarter worth $72,000. Institutional investors and hedge funds own 28.80% of the company’s stock.
About AMC Entertainment
AMC Entertainment Holdings, Inc, through its subsidiaries, engages in the theatrical exhibition business. It owns, operates, or has interests in theatres in the United States and Europe. The company was founded in 1920 and is headquartered in Leawood, Kansas.