AMC Entertainment Holdings, Inc. (NYSE:AMC)‘s stock had its “buy” rating restated by stock analysts at Loop Capital in a research note issued to investors on Tuesday. They currently have a $33.00 price target on the stock, down from their prior price target of $39.00. Loop Capital’s price objective would suggest a potential upside of 104.33% from the company’s current price.

A number of other analysts have also issued reports on AMC. B. Riley upgraded AMC Entertainment Holdings to a “buy” rating and set a $49.50 price target for the company in a report on Tuesday, May 9th. ValuEngine lowered AMC Entertainment Holdings from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. Piper Jaffray Companies set a $25.00 target price on AMC Entertainment Holdings and gave the stock an “overweight” rating in a report on Sunday. Royal Bank Of Canada lowered their target price on AMC Entertainment Holdings from $30.00 to $22.00 and set an “outperform” rating for the company in a report on Tuesday. Finally, Zacks Investment Research upgraded AMC Entertainment Holdings from a “sell” rating to a “hold” rating in a report on Friday. Three analysts have rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $29.96.

AMC Entertainment Holdings (NYSE:AMC) traded up 0.31% on Tuesday, hitting $16.15. The stock had a trading volume of 2,354,809 shares. The firm has a market capitalization of $2.11 billion, a price-to-earnings ratio of 18.44 and a beta of 1.31. The stock’s 50-day moving average is $21.44 and its 200 day moving average is $27.53. AMC Entertainment Holdings has a 1-year low of $14.80 and a 1-year high of $35.65.

AMC Entertainment Holdings (NYSE:AMC) last announced its quarterly earnings results on Friday, August 4th. The company reported ($1.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by $1.41. The firm had revenue of $1.20 billion during 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 revenue for the quarter was up 57.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.24 EPS. On average, equities research analysts predict that AMC Entertainment Holdings will post ($1.07) earnings per share for the current fiscal year.

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

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In other AMC Entertainment Holdings news, SVP Kevin M. Connor purchased 4,000 shares of AMC Entertainment Holdings stock in a transaction dated Thursday, June 8th. The shares were acquired at an average cost of $23.52 per share, with a total value of $94,080.00. Following the completion of the transaction, the senior vice president now owns 40,705 shares in the company, valued at approximately $957,381.60. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Adam M. Aron purchased 10,000 shares of AMC Entertainment Holdings 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 transaction, the chief executive officer now owns 90,426 shares of the company’s stock, valued at approximately $2,235,330.72. The disclosure for this purchase can be found here. Corporate insiders own 0.80% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in AMC. Russell Investments Group Ltd. purchased a new position in AMC Entertainment Holdings during the fourth quarter valued at about $275,000. AQR Capital Management LLC increased its position 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 valued at $972,000 after buying an additional 19,456 shares during the last quarter. Teachers Advisors LLC increased its position in AMC Entertainment Holdings by 42.5% in the fourth quarter. Teachers Advisors LLC now owns 49,693 shares of the company’s stock valued at $1,672,000 after buying an additional 14,811 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in AMC Entertainment Holdings during the first quarter valued at about $267,000. Finally, Boston Advisors LLC increased its position in AMC Entertainment Holdings by 29.2% in the first quarter. Boston Advisors LLC now owns 162,900 shares of the company’s stock valued at $5,123,000 after buying an additional 36,780 shares during 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)

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