AMC Leisure Holdings, Inc. (NYSE:AMC) – Equities researchers at B. Riley lowered their Q1 2021 earnings per share estimates for AMC Leisure in a analysis report issued on Monday, April twelfth. B. Riley analyst E. Wold now anticipates that the corporate will earn ($1.44) per share for the quarter, down from their earlier forecast of ($1.36). B. Riley has a “Purchase” ranking and a $13.00 worth goal on the inventory. B. Riley additionally issued estimates for AMC Leisure’s Q2 2021 earnings at ($0.83) EPS, Q3 2021 earnings at ($0.51) EPS and FY2021 earnings at ($3.01) EPS.
AMC has been the subject of a number of different analysis studies. Zacks Investment Research downgraded AMC Leisure from a “purchase” ranking to a “maintain” ranking in a analysis notice on Tuesday, March thirtieth. Wedbush upped their worth goal on shares of AMC Leisure from $2.50 to $5.00 and gave the inventory a “impartial” ranking in a analysis notice on Tuesday, March ninth. MKM Companions downgraded shares of AMC Leisure from a “impartial” ranking to a “promote” ranking and set a $1.00 worth goal for the corporate. in a report on Monday, February 1st. UBS Group began protection on AMC Leisure in a analysis report on Wednesday, March tenth. They issued a “promote” ranking for the corporate. Lastly, Loop Capital reiterated a “promote” ranking and set a $1.00 goal worth on shares of AMC Leisure in a analysis report on Wednesday, April seventh. 5 equities analysis analysts have rated the inventory with a promote ranking, 5 have issued a maintain ranking and one has given a purchase ranking to the corporate. The corporate has a mean ranking of “Maintain” and a consensus worth goal of $5.00.
AMC Entertainment stock opened at $8.84 on Wednesday. The agency has a 50-day transferring common worth of $10.08 and a two-hundred day transferring common worth of $5.54. The agency has a market capitalization of $3.98 billion, a price-to-earnings ratio of -0.25 and a beta of two.48. AMC Leisure has a 52-week low of $1.91 and a 52-week excessive of $20.36. AMC Leisure (NYSE:AMC) final launched its quarterly earnings outcomes on Tuesday, March ninth. The corporate reported ($3.15) EPS for the quarter, lacking the Thomson Reuters’ consensus estimate of ($2.80) by ($0.35). The corporate had income of $162.50 million throughout the quarter, in comparison with analyst estimates of $141.31 million. Throughout the identical quarter final 12 months, the enterprise posted $0.35 EPS. The enterprise’s quarterly income was down 88.8% on a year-over-year foundation.
In associated information, SVP Kevin M. Connor offered 36,179 shares of the inventory in a transaction that occurred on Tuesday, March sixteenth. The inventory was offered at a mean worth of $13.56, for a complete worth of $490,587.24. Following the completion of the sale, the senior vice chairman now owns 113,323 shares of the corporate’s inventory, valued at $1,536,659.88. The transaction was disclosed in a authorized submitting with the SEC, which is accessible via the SEC website. Additionally, Director Lake Group L.L.C. Silver offered 33,317,145 shares of the corporate’s inventory in a transaction dated Wednesday, January twenty seventh. The shares had been offered at a mean worth of $16.05, for a complete transaction of $534,740,177.25. The disclosure for this sale might be discovered here. Insiders offered a complete of 37,117,380 shares of firm inventory valued at $589,498,462 over the past ninety days. 1.60% of the inventory is at the moment owned by insiders.
A number of hedge funds and different institutional traders have not too long ago made adjustments to their positions in AMC. BlackRock Inc. elevated its holdings in shares of AMC Leisure by 69.0% within the fourth quarter. BlackRock Inc. now owns 6,211,222 shares of the corporate’s inventory valued at $13,168,000 after buying a further 2,536,803 shares throughout the interval. Charles Schwab Funding Administration Inc. raised its holdings in AMC Leisure by 39.8% within the fourth quarter. Charles Schwab Funding Administration Inc. now owns 1,770,263 shares of the corporate’s inventory valued at $3,753,000 after shopping for a further 503,851 shares throughout the interval. Northern Belief Corp grew its place in AMC Leisure by 41.0% within the fourth quarter. Northern Belief Corp now owns 1,002,072 shares of the corporate’s inventory valued at $2,124,000 after buying a further 291,167 shares within the final quarter. LMR Companions LLP purchased a brand new stake in shares of AMC Leisure within the fourth quarter price $1,887,000. Lastly, Virtu Monetary LLC elevated its holdings in shares of AMC Leisure by 2,878.3% within the 4th quarter. Virtu Monetary LLC now owns 601,489 shares of the corporate’s inventory valued at $1,275,000 after buying a further 581,293 shares over the last quarter. 16.61% of the inventory is owned by hedge funds and different institutional traders.
About AMC Leisure
AMC Leisure Holdings, Inc, via its subsidiaries, concerned within the theatrical exhibition enterprise. The corporate owns, operates, or has pursuits in theatres. As of March 17, 2020, it operated roughly 1,000 theatres and 11,000 screens in the US and internationally. The corporate was based in 1920 and is headquartered in Leawood, Kansas.
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