AMC Entertainment Holdings, Inc. (NYSE:AMC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Tuesday. The firm currently has a $15.00 target price on the stock. Zacks Investment Research‘s price target suggests a potential upside of 9.09% from the stock’s current price.

According to Zacks, “AMC Entertainment Holdings, Inc., operates as a theatrical exhibition company primarily in the United States and internationally. It owned or interests in theatres and screens. AMC Entertainment Holdings, Inc. is based in Leawood, Kansas. “

Several other research firms also recently weighed in on AMC. Royal Bank Of Canada decreased their price target on shares of AMC Entertainment Holdings from $30.00 to $22.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 8th. Wedbush set a $23.00 price target on shares of AMC Entertainment Holdings and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. Barclays PLC downgraded shares of AMC Entertainment Holdings from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $31.00 to $25.00 in a research note on Wednesday, July 19th. MKM Partners reissued a “buy” rating and issued a $28.00 price target on shares of AMC Entertainment Holdings in a research note on Monday, September 18th. Finally, ValuEngine downgraded shares of AMC Entertainment Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. Three analysts have rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company. AMC Entertainment Holdings currently has a consensus rating of “Hold” and an average price target of $26.56.

AMC Entertainment Holdings (AMC) remained flat at $13.75 during mid-day trading on Tuesday. The stock had a trading volume of 1,322,744 shares. AMC Entertainment Holdings has a one year low of $12.05 and a one year high of $35.65. The stock has a market cap of $1.51 billion, a PE ratio of 12.17 and a beta of 1.40. The company’s 50-day moving average price is $14.75 and its 200 day moving average price is $21.39.

AMC Entertainment Holdings (NYSE:AMC) last posted its quarterly earnings data on Friday, August 4th. The company reported ($1.35) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 3.44%. The business’s revenue for the quarter was up 57.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.24 earnings per share. Analysts expect that AMC Entertainment Holdings will post ($1.01) earnings per share for the current fiscal year.

AMC Entertainment Holdings announced that its board has initiated a stock buyback program on Thursday, August 3rd that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to purchase up to 58% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

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In other AMC Entertainment Holdings news, major shareholder American Multi-Cinema, Inc. sold 12,000,000 shares of AMC Entertainment Holdings stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $6.09, for a total transaction of $73,080,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jack Qunyao Gao purchased 7,000 shares of the company’s stock in a transaction on Wednesday, August 16th. The shares were bought at an average price of $13.47 per share, with a total value of $94,290.00. Following the completion of the transaction, the director now owns 10,500 shares of the company’s stock, valued at $141,435. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 62,000 shares of company stock valued at $896,940. 0.80% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Ameritas Investment Partners Inc. increased its position in shares of AMC Entertainment Holdings by 8.3% during the second quarter. Ameritas Investment Partners Inc. now owns 4,845 shares of the company’s stock valued at $110,000 after acquiring an additional 372 shares during the last quarter. Seven Eight Capital LP acquired a new stake in shares of AMC Entertainment Holdings during the second quarter valued at about $125,000. Pacer Advisors Inc. increased its position in shares of AMC Entertainment Holdings by 12.0% during the second quarter. Pacer Advisors Inc. now owns 5,600 shares of the company’s stock valued at $127,000 after acquiring an additional 601 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of AMC Entertainment Holdings by 574.5% during the second quarter. BNP Paribas Arbitrage SA now owns 7,109 shares of the company’s stock valued at $162,000 after acquiring an additional 6,055 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its position in shares of AMC Entertainment Holdings by 1,837.8% during the second quarter. Nisa Investment Advisors LLC now owns 7,170 shares of the company’s stock valued at $163,000 after acquiring an additional 6,800 shares during the last quarter. Institutional investors and hedge funds own 47.02% 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. 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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Analyst Recommendations for AMC Entertainment Holdings (NYSE:AMC)

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