AMC Entertainment Holdings, Inc. (NYSE:AMC - Free Report) - Stock analysts at Roth Capital reduced their FY2024 earnings per share (EPS) estimates for shares of AMC Entertainment in a report issued on Tuesday, February 4th. Roth Capital analyst E. Handler now forecasts that the company will earn ($1.34) per share for the year, down from their prior forecast of ($1.33). Roth Capital has a "Hold" rating on the stock. The consensus estimate for AMC Entertainment's current full-year earnings is ($1.38) per share. Roth Capital also issued estimates for AMC Entertainment's Q4 2024 earnings at ($0.09) EPS, Q1 2025 earnings at ($0.41) EPS, Q2 2025 earnings at $0.09 EPS, Q3 2025 earnings at ($0.03) EPS, Q4 2025 earnings at ($0.03) EPS, FY2025 earnings at ($0.38) EPS and FY2026 earnings at ($0.14) EPS.
Other equities research analysts have also issued reports about the stock. B. Riley reduced their target price on shares of AMC Entertainment from $8.00 to $6.00 and set a "neutral" rating on the stock in a report on Thursday, November 7th. Macquarie reissued an "underperform" rating and issued a $4.00 price objective on shares of AMC Entertainment in a research note on Wednesday, November 13th. Benchmark reaffirmed a "hold" rating on shares of AMC Entertainment in a research report on Thursday, November 7th. Roth Mkm upgraded AMC Entertainment from a "sell" rating to a "neutral" rating and reduced their price target for the company from $4.00 to $3.25 in a research report on Tuesday, February 4th. Finally, StockNews.com upgraded AMC Entertainment to a "sell" rating in a research report on Tuesday, November 12th. Four investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $5.08.
Get Our Latest Stock Analysis on AMC
AMC Entertainment Stock Performance
Shares of AMC Entertainment stock traded up $0.08 on Thursday, hitting $3.18. The stock had a trading volume of 6,555,362 shares, compared to its average volume of 10,385,710. The stock has a 50 day moving average of $3.87 and a 200 day moving average of $4.39. The firm has a market capitalization of $1.19 billion, a P/E ratio of -1.97 and a beta of 1.88. AMC Entertainment has a twelve month low of $2.38 and a twelve month high of $11.88.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. increased its holdings in AMC Entertainment by 153.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,705,500 shares of the company's stock worth $16,860,000 after purchasing an additional 2,243,052 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of AMC Entertainment by 431.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,182,049 shares of the company's stock worth $5,378,000 after buying an additional 959,642 shares during the period. State Street Corp increased its stake in shares of AMC Entertainment by 14.6% in the 3rd quarter. State Street Corp now owns 7,353,442 shares of the company's stock valued at $33,458,000 after acquiring an additional 936,618 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of AMC Entertainment by 12.1% during the 3rd quarter. Geode Capital Management LLC now owns 8,047,182 shares of the company's stock valued at $36,622,000 after acquiring an additional 866,757 shares during the period. Finally, KBC Group NV boosted its stake in AMC Entertainment by 7,771.5% during the fourth quarter. KBC Group NV now owns 648,141 shares of the company's stock worth $2,580,000 after acquiring an additional 639,907 shares in the last quarter. 28.80% of the stock is owned by institutional investors and hedge funds.
AMC Entertainment Company Profile
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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.
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