AMC Leisure (NYSE:AMC) Inventory Worth Up 5.5%

AMC Leisure Holdings, Inc. (NYSE:AMCGet Ranking) shares rose 5.5% throughout mid-day buying and selling on Tuesday . The corporate traded as excessive as $16.34 and final traded at $16.21. Roughly 196,358 shares have been traded throughout buying and selling, a decline of 99% from the common each day quantity of 34,111,736 shares. The inventory had beforehand closed at $15.37.

Analyst Upgrades and Downgrades

Numerous equities analysis analysts have lately commented on AMC shares. StockNews.com upgraded shares of AMC Leisure to a “promote” ranking in a report on Wednesday, July twentieth. Wedbush reiterated an “underperform” ranking and set a $4.00 worth goal on shares of AMC Leisure in a report on Tuesday. The Goldman Sachs Group lowered their worth goal on shares of AMC Leisure to $34.00 and set a “impartial” ranking for the corporate in a report on Friday, July twenty ninth. B. Riley lowered their worth goal on shares of AMC Leisure from $16.00 to $11.00 and set a “impartial” ranking for the corporate in a report on Tuesday, June twenty first. Lastly, Citigroup lowered their worth goal on shares of AMC Leisure from $6.00 to $5.00 and set a “promote” ranking for the corporate in a report on Thursday, July seventh. 4 funding analysts have rated the inventory with a promote ranking and two have given a maintain ranking to the inventory. In keeping with MarketBeat.com, AMC Leisure presently has a median ranking of “Scale back” and a median goal worth of $13.50.

AMC Leisure Inventory Up 8.0 %

The enterprise’s fifty day transferring common is $13.97 and its 200-day transferring common is $15.89. The inventory has a market capitalization of $9.41 billion, a PE ratio of -8.84 and a beta of 1.64.

AMC Leisure (NYSE:AMCGet Ranking) final launched its earnings outcomes on Monday, Might ninth. The corporate reported ($0.52) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.63) by $0.11. The corporate had income of $785.70 million throughout the quarter, in comparison with analysts’ expectations of $736.23 million. Throughout the identical quarter within the earlier yr, the agency posted ($1.42) earnings per share. AMC Leisure’s income for the quarter was up 429.8% in comparison with the identical quarter final yr. As a bunch, sell-side analysts anticipate that AMC Leisure Holdings, Inc. will publish -1.14 EPS for the present fiscal yr.

Hedge Funds Weigh In On AMC Leisure

Hedge funds have lately made adjustments to their positions within the enterprise. Quadrant Capital Group LLC elevated its holdings in AMC Leisure by 150.2% within the 4th quarter. Quadrant Capital Group LLC now owns 1,021 shares of the corporate’s inventory valued at $28,000 after buying a further 613 shares within the final quarter. Allworth Monetary LP raised its place in AMC Leisure by 46.6% within the second quarter. Allworth Monetary LP now owns 2,224 shares of the corporate’s inventory valued at $30,000 after buying a further 707 shares throughout the interval. Nisa Funding Advisors LLC raised its place in AMC Leisure by 0.9% within the fourth quarter. Nisa Funding Advisors LLC now owns 79,480 shares of the corporate’s inventory valued at $1,276,000 after buying a further 710 shares throughout the interval. Traynor Capital Administration Inc. raised its place in AMC Leisure by 1.7% within the second quarter. Traynor Capital Administration Inc. now owns 43,748 shares of the corporate’s inventory valued at $592,000 after buying a further 750 shares throughout the interval. Lastly, Cypress Capital Administration LLC WY raised its place in AMC Leisure by 31.9% within the second quarter. Cypress Capital Administration LLC WY now owns 3,103 shares of the corporate’s inventory valued at $42,000 after buying a further 750 shares throughout the interval. Hedge funds and different institutional buyers personal 34.20% of the corporate’s inventory.

AMC Leisure Firm Profile

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AMC Leisure Holdings, Inc, by its subsidiaries, engages within the theatrical exhibition enterprise. The corporate owns, operates, or has pursuits in theatres in the USA and Europe. As of March 1, 2022, it operated roughly 950 theatres and 10,600 screens. The corporate was based in 1920 and is headquartered in Leawood, Kansas.

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