AMC Entertainment Holdings, Inc. (AMC) PT Set at $25.00 by Piper Jaffray Companies
AMC Entertainment Holdings, Inc. (NYSE:AMC) has been assigned a $25.00 price objective by Piper Jaffray Companies in a note issued to investors on Sunday. The firm presently has an “overweight” rating on the stock. Piper Jaffray Companies’ price target suggests a potential upside of 53.85% from the company’s current price.
A number of other research analysts have also recently issued reports on AMC. B. Riley upgraded AMC Entertainment Holdings to a “buy” rating and set a $49.50 price objective for the company in a research note on Tuesday, May 9th. ValuEngine cut AMC Entertainment Holdings from a “hold” rating to a “sell” rating in a research note on Thursday. Zacks Investment Research upgraded AMC Entertainment Holdings from a “sell” rating to a “hold” rating in a research note on Friday. Barrington Research reiterated an “outperform” rating and set a $23.00 price objective on shares of AMC Entertainment Holdings in a research note on Wednesday, August 2nd. Finally, Benchmark Co. cut AMC Entertainment Holdings from a “buy” rating to a “hold” rating in a research note on Thursday. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $31.03.
Shares of AMC Entertainment Holdings (NYSE AMC) traded down 0.31% during midday trading on Friday, reaching $16.20. The company had a trading volume of 649,149 shares. The company has a 50-day moving average price of $22.18 and a 200 day moving average price of $27.80. The company has a market capitalization of $2.12 billion, a P/E ratio of 18.49 and a beta of 1.31. AMC Entertainment Holdings has a one year low of $16.05 and a one year high of $35.65.
AMC Entertainment Holdings (NYSE:AMC) last announced its quarterly earnings data on Friday, August 4th. The company reported ($1.35) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.06 by $1.41. The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.22 billion. AMC Entertainment Holdings had a negative net margin of 2.49% and a negative return on equity of 3.61%. The firm’s quarterly revenue was up 57.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.24 EPS. Equities analysts anticipate that AMC Entertainment Holdings will post ($1.03) earnings per share for the current fiscal year.
AMC Entertainment Holdings announced that its Board of Directors has approved a stock buyback program on Thursday, August 3rd that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to reacquire up to 58% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.
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In other news, CEO Adam M. Aron acquired 10,000 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The stock was bought at an average price of $24.72 per share, with a total value of $247,200.00. Following the completion of the acquisition, the chief executive officer now directly owns 90,426 shares of the company’s stock, valued at approximately $2,235,330.72. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Kevin M. Connor acquired 4,000 shares of the business’s stock in a transaction that occurred on Thursday, June 8th. The stock was purchased at an average cost of $23.52 per share, with a total value of $94,080.00. Following the acquisition, the senior vice president now directly owns 40,705 shares of the company’s stock, valued at $957,381.60. The disclosure for this purchase can be found here. Insiders own 0.80% of the company’s stock.
Several hedge funds have recently modified their holdings of AMC. American Century Companies Inc. raised its stake in shares of AMC Entertainment Holdings by 15.5% in the first quarter. American Century Companies Inc. now owns 202,246 shares of the company’s stock valued at $6,361,000 after buying an additional 27,140 shares during the last quarter. Stoneridge Investment Partners LLC purchased a new stake in shares of AMC Entertainment Holdings during the first quarter valued at approximately $1,698,000. Great West Life Assurance Co. Can raised its stake in shares of 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 valued at $174,000 after buying an additional 3,932 shares during the last quarter. Jennison Associates LLC purchased a new stake in shares of AMC Entertainment Holdings during the first quarter valued at approximately $1,564,000. Finally, Wells Fargo & Company MN raised its stake in shares of AMC Entertainment Holdings by 70.4% in the first quarter. Wells Fargo & Company MN now owns 48,634 shares of the company’s stock valued at $1,529,000 after buying an additional 20,090 shares during the last quarter. 42.02% 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. 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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