AMC Entertainment Holdings Inc. (AMC) Stock Rating Reaffirmed by Wedbush

AMC Entertainment Holdings Inc. (NYSE:AMC)‘s stock had its “outperform” rating reissued by analysts at Wedbush in a report released on Wednesday. They presently have a $33.00 price objective on the stock. Wedbush’s price objective indicates a potential upside of 3.87% from the company’s current price.

AMC has been the subject of a number of other reports. Topeka Capital Markets reduced their price target on shares of AMC Entertainment Holdings from $27.00 to $26.00 and set a “hold” rating for the company in a research report on Wednesday, June 1st. MKM Partners reissued a “buy” rating and issued a $33.00 price target on shares of AMC Entertainment Holdings in a research report on Sunday, July 17th. Zacks Investment Research cut shares of AMC Entertainment Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, July 19th. B. Riley reissued a “buy” rating and issued a $37.00 price target on shares of AMC Entertainment Holdings in a research report on Friday, August 5th. Finally, Credit Suisse Group AG reaffirmed an “outperform” rating and issued a $34.00 target price on shares of AMC Entertainment Holdings in a report on Sunday, June 12th. Two investment analysts have rated the stock with a hold rating and twelve have issued 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. AMC Entertainment Holdings has a 52-week low of $19.28 and a 52-week high of $32.28. The firm has a market capitalization of $3.09 billion, a PE ratio of 29.42 and a beta of 1.57. The stock’s 50 day moving average price is $30.07 and its 200-day moving average price is $28.82.

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-stock-rating-reaffirmed-by-wedbush-2.html

AMC Entertainment Holdings (NYSE:AMC) last announced its quarterly earnings results on Monday, August 1st. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $772.99 million. During the same period last year, the firm earned $0.45 earnings per share. AMC Entertainment Holdings’s revenue was down 7.0% on a year-over-year basis. Equities research analysts anticipate that AMC Entertainment Holdings will post $1.02 EPS for the current fiscal year.

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

In other news, CEO Adam M. Aron purchased 10,000 shares of the company’s stock in a transaction dated Monday, August 8th. The shares were acquired at an average cost of $28.80 per share, for a total transaction of $288,000.00. Following the completion of the purchase, the chief executive officer now directly owns 20,000 shares in the company, valued at approximately $576,000. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.29% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Corbyn Investment Management Inc. MD raised its position in shares of AMC Entertainment Holdings by 101.4% in the fourth quarter. Corbyn Investment Management Inc. MD now owns 188,442 shares of the company’s stock valued at $4,523,000 after buying an additional 94,870 shares during the last quarter. American Century Companies Inc. bought a new position in shares of AMC Entertainment Holdings during the fourth quarter valued at $3,332,000. California State Teachers Retirement System raised its position in shares of AMC Entertainment Holdings by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 39,273 shares of the company’s stock valued at $943,000 after buying an additional 639 shares during the last quarter. Three Peaks Capital Management raised its position in shares of AMC Entertainment Holdings by 19.6% in the fourth quarter. Three Peaks Capital Management now owns 269,204 shares of the company’s stock valued at $6,461,000 after buying an additional 44,049 shares during the last quarter. Finally, Janus Capital Management raised its position in shares of AMC Entertainment Holdings by 5.9% in the third quarter. Janus Capital Management now owns 2,088,472 shares of the company’s stock valued at $52,609,000 after buying an additional 116,488 shares during the last quarter. Institutional investors own 21.59% of the company’s stock.

About AMC Entertainment Holdings

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.

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AMC Entertainment Holdings Inc. (AMC) Stock Rating Reaffirmed by Wedbush

AMC Entertainment Holdings Inc. (NYSE:AMC)‘s stock had its “outperform” rating reissued by analysts at Wedbush in a report released on Wednesday. They presently have a $33.00 price objective on the stock. Wedbush’s price objective indicates a potential upside of 3.87% from the company’s current price.

AMC has been the subject of a number of other reports. Topeka Capital Markets reduced their price target on shares of AMC Entertainment Holdings from $27.00 to $26.00 and set a “hold” rating for the company in a research report on Wednesday, June 1st. MKM Partners reissued a “buy” rating and issued a $33.00 price target on shares of AMC Entertainment Holdings in a research report on Sunday, July 17th. Zacks Investment Research cut shares of AMC Entertainment Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, July 19th. B. Riley reissued a “buy” rating and issued a $37.00 price target on shares of AMC Entertainment Holdings in a research report on Friday, August 5th. Finally, Credit Suisse Group AG reaffirmed an “outperform” rating and issued a $34.00 target price on shares of AMC Entertainment Holdings in a report on Sunday, June 12th. Two investment analysts have rated the stock with a hold rating and twelve have issued 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. AMC Entertainment Holdings has a 52-week low of $19.28 and a 52-week high of $32.28. The firm has a market capitalization of $3.09 billion, a PE ratio of 29.42 and a beta of 1.57. The stock’s 50 day moving average price is $30.07 and its 200-day moving average price is $28.82.

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-stock-rating-reaffirmed-by-wedbush-2.html

AMC Entertainment Holdings (NYSE:AMC) last announced its quarterly earnings results on Monday, August 1st. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $772.99 million. During the same period last year, the firm earned $0.45 earnings per share. AMC Entertainment Holdings’s revenue was down 7.0% on a year-over-year basis. Equities research analysts anticipate that AMC Entertainment Holdings will post $1.02 EPS for the current fiscal year.

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

In other news, CEO Adam M. Aron purchased 10,000 shares of the company’s stock in a transaction dated Monday, August 8th. The shares were acquired at an average cost of $28.80 per share, for a total transaction of $288,000.00. Following the completion of the purchase, the chief executive officer now directly owns 20,000 shares in the company, valued at approximately $576,000. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.29% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Corbyn Investment Management Inc. MD raised its position in shares of AMC Entertainment Holdings by 101.4% in the fourth quarter. Corbyn Investment Management Inc. MD now owns 188,442 shares of the company’s stock valued at $4,523,000 after buying an additional 94,870 shares during the last quarter. American Century Companies Inc. bought a new position in shares of AMC Entertainment Holdings during the fourth quarter valued at $3,332,000. California State Teachers Retirement System raised its position in shares of AMC Entertainment Holdings by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 39,273 shares of the company’s stock valued at $943,000 after buying an additional 639 shares during the last quarter. Three Peaks Capital Management raised its position in shares of AMC Entertainment Holdings by 19.6% in the fourth quarter. Three Peaks Capital Management now owns 269,204 shares of the company’s stock valued at $6,461,000 after buying an additional 44,049 shares during the last quarter. Finally, Janus Capital Management raised its position in shares of AMC Entertainment Holdings by 5.9% in the third quarter. Janus Capital Management now owns 2,088,472 shares of the company’s stock valued at $52,609,000 after buying an additional 116,488 shares during the last quarter. Institutional investors own 21.59% of the company’s stock.

About AMC Entertainment Holdings

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

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