Q1 2023 EPS Estimates for AMC Entertainment Holdings, Inc. Boosted by Analyst (NYSE:AMC)

AMC Entertainment Holdings, Inc. (NYSE:AMC – Get Rating) – Analysts at B. Riley lifted their Q1 2023 EPS estimates for AMC Entertainment in a research note issued to investors on Wednesday, March 1st. B. Riley analyst E. Wold now anticipates that the company will post earnings per share of ($0.25) for the quarter, up from their previous forecast of ($0.28). B. Riley currently has a “Neutral” rating and a $4.50 price target on the stock. The consensus estimate for AMC Entertainment’s current full-year earnings is ($0.42) per share. B. Riley also issued estimates for AMC Entertainment’s Q2 2023 earnings at ($0.09) EPS, Q3 2023 earnings at ($0.09) EPS, Q4 2023 earnings at ($0.06) EPS, FY2023 earnings at ($0.49) EPS, Q1 2024 earnings at ($0.20) EPS, Q2 2024 earnings at ($0.03) EPS, Q3 2024 earnings at ($0.04) EPS and FY2024 earnings at ($0.27) EPS.

A number of other equities analysts also recently commented on the stock. Citigroup dropped their target price on shares of AMC Entertainment from $1.20 to $1.10 in a research note on Friday, November 25th. Roth Capital restated a “sell” rating on shares of AMC Entertainment in a research note on Monday, February 13th. Four analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, AMC Entertainment has a consensus rating of “Reduce” and a consensus price target of $3.12.

AMC Entertainment Trading Up 7.9 %

Shares of NYSE AMC opened at $6.58 on Friday. The stock has a market capitalization of $3.40 billion, a price-to-earnings ratio of -4.80 and a beta of 1.88. AMC Entertainment has a 12-month low of $3.77 and a 12-month high of $34.33. The firm’s 50-day moving average price is $5.29 and its 200-day moving average price is $6.52.

AMC Entertainment (NYSE:AMC – Get Rating) last released its earnings results on Tuesday, February 28th. The company reported ($0.14) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.06. The firm had revenue of $990.90 million for the quarter, compared to analysts’ expectations of $1.03 billion. The firm’s quarterly revenue was down 15.4% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.11) EPS.

Insiders Place Their Bets

In other AMC Entertainment news, major shareholder Antara Capital Lp sold 17,557,400 shares of the firm’s stock in a transaction on Wednesday, February 15th. The shares were sold at an average price of $2.46, for a total value of $43,191,204.00. Following the completion of the transaction, the insider now owns 227,232,507 shares of the company’s stock, valued at $558,991,967.22. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, major shareholder Antara Capital Lp sold 17,557,400 shares of the stock in a transaction on Wednesday, February 15th. The shares were sold at an average price of $2.46, for a total value of $43,191,204.00. Following the sale, the insider now owns 227,232,507 shares in the company, valued at $558,991,967.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Sean D. Goodman sold 80,750 shares of the stock in a transaction on Wednesday, January 11th. The stock was sold at an average price of $4.68, for a total transaction of $377,910.00. Following the completion of the sale, the chief financial officer now owns 4,420 shares in the company, valued at approximately $20,685.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,323,761 shares of company stock valued at $73,220,670. Insiders own 0.30% of the company’s stock.

Institutional Trading of AMC Entertainment

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Medici Capital LLC acquired a new stake in AMC Entertainment during the fourth quarter valued at $137,000. Public Employees Retirement System of Ohio grew its position in AMC Entertainment by 1.0% during the fourth quarter. Public Employees Retirement System of Ohio now owns 267,371 shares of the company’s stock valued at $1,088,000 after buying an additional 2,596 shares during the period. Tejara Capital Ltd acquired a new stake in AMC Entertainment during the fourth quarter valued at $423,000. State of Wisconsin Investment Board grew its position in AMC Entertainment by 79.5% during the fourth quarter. State of Wisconsin Investment Board now owns 517,932 shares of the company’s stock valued at $2,108,000 after buying an additional 229,397 shares during the period. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in AMC Entertainment during the fourth quarter valued at $2,749,000. Institutional investors and hedge funds own 26.14% of the company’s stock.

AMC Entertainment Company Profile

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AMC Entertainment Holdings, Inc engages in the theatrical exhibition business through its subsidiaries. It operates through the U.S. Markets and International Markets segments. The U.S. Markets segment is involved in owning, leasing, or operating theaters and screens in the U.S. The International Markets segment focuses on owning, leasing, or operating theaters and screens in the United Kingdom, Germany, Spain, Italy, Ireland, Portugal, Sweden, Finland, Norway, Denmark, and Saudi Arabia.