AMC Entertainment Holdings Inc. (NYSE:AMC)‘s stock had its “outperform” rating reissued by equities researchers at Wedbush in a research report issued on Wednesday. They currently have a $33.00 price objective on the stock. Wedbush’s price objective points to a potential upside of 3.87% from the stock’s previous close.

Several other equities analysts also recently issued reports on the stock. Loop Capital began coverage on shares of AMC Entertainment Holdings in a research note on Tuesday, August 23rd. They issued a “buy” rating and a $35.00 price objective for the company. B. Riley reiterated a “buy” rating and set a $37.00 target price on shares of AMC Entertainment Holdings in a research note on Friday, August 5th. FBR & Co reiterated a “buy” rating on shares of AMC Entertainment Holdings in a research note on Tuesday, August 2nd. Zacks Investment Research upgraded shares of AMC Entertainment Holdings from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 2nd. Finally, MKM Partners increased their target price on shares of AMC Entertainment Holdings from $33.00 to $35.00 and gave the stock a “buy” rating in a research note on Monday, July 25th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. AMC Entertainment Holdings presently has a consensus rating of “Buy” and a consensus price target of $32.50.

Analyst Recommendations for AMC Entertainment Holdings (NYSE:AMC)

Shares of AMC Entertainment Holdings (NYSE:AMC) opened at 31.77 on Wednesday. The stock has a market capitalization of $3.09 billion, a price-to-earnings ratio of 29.42 and a beta of 1.57. The firm’s 50-day moving average price is $30.07 and its 200 day moving average price is $28.82. AMC Entertainment Holdings has a 1-year low of $19.28 and a 1-year high of $32.28.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/21/amc-entertainment-holdings-inc-amc-receives-outperform-rating-from-wedbush.html

AMC Entertainment Holdings (NYSE:AMC) last released its quarterly earnings data on Monday, August 1st. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by $0.03. AMC Entertainment Holdings had a net margin of 3.53% and a return on equity of 6.83%. The company earned $764 million during the quarter, compared to analyst estimates of $772.99 million. During the same quarter in the prior year, the company earned $0.45 EPS. The business’s revenue was down 7.0% on a year-over-year basis. Equities research analysts expect that AMC Entertainment Holdings will post $1.02 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, September 19th. Shareholders of record on Tuesday, September 6th were issued a $0.20 dividend. The ex-dividend date was Thursday, September 1st. This represents a $0.80 dividend on an annualized basis and a yield of 2.52%. AMC Entertainment Holdings’s dividend payout ratio (DPR) is presently 74.77%.

In related news, CEO Adam M. Aron bought 10,000 shares of the company’s stock in a transaction on Monday, August 8th. The stock was bought at an average cost of $28.80 per share, with a total value of $288,000.00. Following the completion of the acquisition, the chief executive officer now owns 20,000 shares in the company, valued at approximately $576,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.29% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. AXA bought a new position in shares of AMC Entertainment Holdings during the first quarter worth about $238,000. SECOR Capital Advisors LP boosted its position in shares of AMC Entertainment Holdings by 225.5% in the second quarter. SECOR Capital Advisors LP now owns 39,982 shares of the company’s stock worth $1,104,000 after buying an additional 27,698 shares during the period. Oppenheimer & Co. Inc. boosted its position in shares of AMC Entertainment Holdings by 31.3% in the second quarter. Oppenheimer & Co. Inc. now owns 127,850 shares of the company’s stock worth $3,530,000 after buying an additional 30,450 shares during the period. 1832 Asset Management L.P. boosted its position in shares of AMC Entertainment Holdings by 5.4% in the first quarter. 1832 Asset Management L.P. now owns 477,933 shares of the company’s stock worth $22,634,000 after buying an additional 24,486 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in shares of AMC Entertainment Holdings by 0.9% in the second quarter. Ameriprise Financial Inc. now owns 1,426,403 shares of the company’s stock worth $39,382,000 after buying an additional 12,495 shares during the period. 21.59% of the stock is owned by institutional investors.

AMC Entertainment Holdings Company Profile

AMC Entertainment Holdings, Inc is a holding company. The Company, through its subsidiaries, including AMC Entertainment Inc (AMCE), American Multi-Cinema, Inc (OpCo) and its subsidiaries, is engaged in the theatrical exhibition business. The Company operates through theatrical exhibition operations segment.

5 Day Chart for NYSE:AMC

Receive News & Ratings for AMC Entertainment Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMC Entertainment Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.