AMC Entertainment Holdings, Inc. (NYSE:AMC)‘s stock had its “outperform” rating reaffirmed by stock analysts at Barrington Research in a report released on Tuesday. They currently have a $23.00 target price on the stock. Barrington Research’s price objective suggests a potential upside of 42.41% from the company’s current price.

AMC has been the topic of a number of other reports. Loop Capital restated a “buy” rating and issued a $33.00 price objective (down from $39.00) on shares of AMC Entertainment Holdings in a research note on Wednesday, August 2nd. Benchmark Co. lowered shares of AMC Entertainment Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. Zacks Investment Research upgraded shares of AMC Entertainment Holdings from a “sell” rating to a “hold” rating in a research note on Monday, June 26th. Piper Jaffray Companies set a $25.00 price objective on shares of AMC Entertainment Holdings and gave the company an “overweight” rating in a research note on Sunday. Finally, Credit Suisse Group dropped their price objective on shares of AMC Entertainment Holdings from $26.00 to $20.00 and set an “underperform” rating on the stock in a research note on Friday, June 23rd. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $29.96.

AMC Entertainment Holdings (AMC) traded up 0.31% during midday trading on Tuesday, reaching $16.15. 2,354,809 shares of the company’s stock traded hands. AMC Entertainment Holdings has a 1-year low of $14.80 and a 1-year high of $35.65. The company has a market capitalization of $2.11 billion, a PE ratio of 18.44 and a beta of 1.31. The firm’s 50 day moving average price is $21.44 and its 200-day moving average price is $27.53.

AMC Entertainment Holdings (NYSE:AMC) last posted its quarterly earnings data on Friday, August 4th. The company reported ($1.35) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by $1.41. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates 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 company’s revenue for the quarter was up 57.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.24 earnings per share. Equities analysts expect that AMC Entertainment Holdings will post ($1.07) EPS for the current year.

AMC Entertainment Holdings announced that its board has approved a share repurchase program on Thursday, August 3rd that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 58% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.

COPYRIGHT VIOLATION WARNING: This news story was first published by American Banking News and is the property of of American Banking News. If you are viewing this news story on another publication, it was illegally copied and reposted in violation of United States and international copyright and trademark law. The legal version of this news story can be viewed at https://www.americanbankingnews.com/2017/08/08/amc-entertainment-holdings-inc-nyseamc-earns-outperform-rating-from-barrington-research-2.html.

In related news, CEO Adam M. Aron acquired 10,000 shares of the firm’s stock in a transaction that occurred on Friday, June 2nd. The shares were purchased 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 owns 90,426 shares in the company, valued at $2,235,330.72. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Kevin M. Connor acquired 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 8th. The shares were bought at an average cost of $23.52 per share, for a total transaction of $94,080.00. Following the acquisition, the senior vice president now owns 40,705 shares of the company’s stock, valued at approximately $957,381.60. The disclosure for this purchase can be found here. 0.80% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. bought a new stake in AMC Entertainment Holdings during the fourth quarter worth approximately $275,000. AQR Capital Management LLC increased its stake in AMC Entertainment Holdings by 206.5% in the fourth quarter. AQR Capital Management LLC now owns 28,877 shares of the company’s stock worth $972,000 after buying an additional 19,456 shares in the last quarter. Teachers Advisors LLC increased its stake in AMC Entertainment Holdings by 42.5% in the fourth quarter. Teachers Advisors LLC now owns 49,693 shares of the company’s stock worth $1,672,000 after buying an additional 14,811 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in AMC Entertainment Holdings during the first quarter worth approximately $267,000. Finally, Boston Advisors LLC increased its stake in AMC Entertainment Holdings by 29.2% in the first quarter. Boston Advisors LLC now owns 162,900 shares of the company’s stock worth $5,123,000 after buying an additional 36,780 shares in the last quarter. 42.02% of the stock is currently owned by hedge funds and other institutional investors.

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. It operates through theatrical exhibition operations segment. It licenses first-run motion pictures from distributors owned by film production companies and from independent distributors.

Analyst Recommendations for AMC Entertainment Holdings (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.