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AMC Entertainment Holdings, Inc. (NYSE:AMC) Rating Reiterated by Wedbush
12 August 2017, 10:42 | Elsie Buchanan
The lowest target is $17 while the high is $43.21. Russell Investments Group Ltd. boosted its position in AMC Entertainment Holdings by 897.0% in the first quarter. Equities analysts predict that AMC Entertainment Holdings, Inc. will post ($1.04) EPS for the current fiscal year. The business's quarterly revenue was up 57.3% on a year-over-year basis.
On August 8, a holding company stated the sale of its 50 percent ownership stake in Open Road Releasing, LLC ("Open Road Films") to Tang Media Partners (TMP). The company reported ($1.35) earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by $1.41. AMC Entertainment Holdings had a net margin of 2.56% and a return on equity of 6.52%. During the same quarter in the previous year, the company posted $0.24 EPS. The State Of Alaska Department Of Revenue holds 66,509 shares with $2.30M value, down from 114,695 last quarter.
A number of other equities analysts have also recently weighed in on the stock. Citigroup Inc. restated a "buy" rating and set a $30.00 price target (down previously from $35.00) on shares of AMC Entertainment Holdings in a research report on Saturday, July 22nd. On July 21 analysts at William Blair starting coverage on the stock setting a rating of "Equal-Weight". California-based Fdx Advsrs has invested 0.02% in AMC Entertainment Holdings Inc (NYSE:AMC). Benchmark downgraded AMC Entertainment Holdings Inc (NYSE:AMC) on Thursday, August 3 to "Hold" rating.
On July 19 the stock rating was downgraded from "Overweight" to "Equal-Weight" in a statement from Barclays. The stock has a consensus rating of Hold and an average price target of $29.96. The New York-based American has invested 0% in AMC Entertainment Holdings Inc (NYSE:AMC).
Several hedge funds have recently bought and sold shares of the company. (AMC)'s latest closing price distance was at -50.20% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at -33.41% and -24.69% compared with the 20 Day Moving Average.
The company now has a P/E ratio of 17.69 and market capitalization is 2.03B.
AMC Entertainment Holdings (NYSE:AMC) last announced its earnings results on Friday, August 4th. Hollencrest Ltd invested in 0.04% or 182,570 shares. This represents a $0.80 annualized dividend and a yield of 4.92%. The ex-dividend date is Friday, September 8th. AMC Entertainment Holdings's dividend payout ratio (DPR) is presently -125.00%.
Stock of AMC Entertainment Holdings, Inc. This repurchase authorization allows the company to reacquire up to 58% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its shares are undervalued.
AMC Entertainment Holdings (AMC) traded down 2.77% on Friday, hitting $14.05. RBC Capital Markets upgraded the shares of AMC in report on Tuesday, January 26 to "Outperform" rating. If you are accessing this article on another domain, it was stolen and republished in violation of USA & global copyright law. The legal version of this piece of content can be accessed at https://sportsperspectives.com/2017/08/12/amc-entertainment-holdings-nyseamc-buy-rating-reaffirmed-at-wedbush-updated.html. Also, CEO Adam M. Aron bought 10,000 shares of the firm's stock in a transaction on Friday, June 2nd. The stock was purchased at an average price of $24.72 per share, with a total value of $247,200.00. The CEO AND PRESIDENT now owns $2,235,331 of the stock according to the SEC filing. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
In other AMC Entertainment Holdings news, SVP Kevin M. Connor bought 4,000 shares of AMC Entertainment Holdings stock in a transaction dated Thursday, June 8th. The shares were purchased at an average price of $23.52. Following the purchase, the senior vice president now directly owns 40,705 shares in the company, valued at approximately $957,381.60. The disclosure for this purchase can be found here.
A number of large investors have recently added to or reduced their stakes in AMC. Vanguard Group Inc. increased its position in shares of AMC Entertainment Holdings by 59.8% in the first quarter. Can now owns 5,558 shares of the company's stock valued at $174,000 after buying an additional 3,932 shares during the period. The insider now holds 15,521 shares of AMC Entertainment Holdings, Inc. The value in dollars decreased from $46,780,000 to $46,146,000 a change of $634,000 for the reporting period. Elk Creek Partners, LLC now controls 489,642 shares worth $11,139,000. Finally, Mittleman Brothers LLC increased its stake in shares of AMC Entertainment Holdings by 90.1% in the second quarter. BNP Paribas Arbitrage SA boosted its position in shares of AMC Entertainment Holdings by 574.5% in the second quarter. BNP Paribas Arbitrage SA now owns 7,109 shares of the company's stock valued at $162,000 after buying an additional 6,055 shares during the period. The stock of AMC Entertainment Holdings Inc (NYSE:AMC) earned "Outperform" rating by FBR Capital on Tuesday, May 9. For the current quarter Amc Entertainment Holdings Inc (NYSE:AMC) has high EPS estimates of $-0.06 in contradiction of low EPS estimates of $-0.43.
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