AMC Entertainment Holdings, Inc. (NYSE:AMC) Given Consensus Rating of “Hold” by Analysts
AMC Entertainment Holdings, Inc. (NYSE:AMC) has received a consensus rating of “Hold” from the fifteen analysts that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $35.64.
A number of brokerages have weighed in on AMC. Barclays PLC cut AMC Entertainment Holdings from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $31.00 to $25.00 in a research report on Wednesday. Credit Suisse Group reduced their price target on AMC Entertainment Holdings from $20.00 to $17.00 and set an “underperform” rating for the company in a research report on Tuesday. Zacks Investment Research cut AMC Entertainment Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Loop Capital reaffirmed a “buy” rating and issued a $39.00 price target on shares of AMC Entertainment Holdings in a research report on Monday, July 10th. Finally, BidaskClub cut AMC Entertainment Holdings from a “sell” rating to a “strong sell” rating in a research report on Friday, June 23rd.
In other AMC Entertainment Holdings news, CEO Adam M. Aron acquired 10,000 shares of the company’s stock in a transaction dated Friday, June 2nd. The shares were acquired at an average cost of $24.72 per share, for a total transaction of $247,200.00. Following the completion of the purchase, the chief executive officer now owns 90,426 shares of the company’s stock, valued at approximately $2,235,330.72. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Kevin M. Connor acquired 4,000 shares of the company’s stock in a transaction dated Thursday, June 8th. The stock was acquired at an average price of $23.52 per share, for a total transaction of $94,080.00. Following the completion of the purchase, the senior vice president now directly owns 40,705 shares of the company’s stock, valued at approximately $957,381.60. The disclosure for this purchase can be found here. Insiders own 0.80% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Croft Leominster Inc. raised its position in AMC Entertainment Holdings by 36.1% in the first quarter. Croft Leominster Inc. now owns 11,300 shares of the company’s stock worth $355,000 after buying an additional 3,000 shares during the last quarter. Great West Life Assurance Co. Can raised its position in AMC Entertainment Holdings by 241.8% in the first quarter. Great West Life Assurance Co. Can now owns 5,558 shares of the company’s stock worth $174,000 after buying an additional 3,932 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new position in AMC Entertainment Holdings during the first quarter worth approximately $141,000. Pacer Advisors Inc. acquired a new position in AMC Entertainment Holdings during the first quarter worth approximately $157,000. Finally, SG Americas Securities LLC raised its position in AMC Entertainment Holdings by 62.0% in the first quarter. SG Americas Securities LLC now owns 13,688 shares of the company’s stock worth $430,000 after buying an additional 5,237 shares during the last quarter. Institutional investors and hedge funds own 41.02% of the company’s stock.
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Shares of AMC Entertainment Holdings (NYSE AMC) opened at 20.60 on Friday. AMC Entertainment Holdings has a 1-year low of $19.65 and a 1-year high of $35.65. The firm has a market cap of $2.69 billion, a price-to-earnings ratio of 23.52 and a beta of 1.35. The stock has a 50 day moving average price of $22.94 and a 200-day moving average price of $28.62.
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. It operates through theatrical exhibition operations segment. It licenses first-run motion pictures from distributors owned by film production companies and from independent distributors.
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