William Blair started coverage on shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) in a research note released on Friday morning, Marketbeat.com reports. The brokerage issued a market perform rating on the stock.
Several other brokerages have also commented on AMC. FBR & Co restated a buy rating and issued a $37.00 price objective on shares of AMC Entertainment Holdings in a report on Friday, April 21st. Barclays PLC lowered shares of AMC Entertainment Holdings from an overweight rating to an equal weight rating and decreased their price objective for the stock from $31.00 to $25.00 in a report on Wednesday, July 19th. Citigroup Inc. decreased their price objective on shares of AMC Entertainment Holdings from $36.00 to $35.00 and set a buy rating for the company in a report on Friday, June 9th. B. Riley restated a buy rating and issued a $47.50 price objective on shares of AMC Entertainment Holdings in a report on Wednesday, March 29th. Finally, MKM Partners restated a buy rating and issued a $36.00 price objective (down from $45.00) on shares of AMC Entertainment Holdings in a report on Friday, June 9th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $35.21.
AMC Entertainment Holdings (NYSE AMC) opened at 20.50 on Friday. The stock’s 50 day moving average is $22.73 and its 200 day moving average is $28.38. AMC Entertainment Holdings has a 1-year low of $19.65 and a 1-year high of $35.65. The company has a market cap of $2.68 billion, a P/E ratio of 23.40 and a beta of 1.35.
In other AMC Entertainment Holdings news, CEO Adam M. Aron bought 10,000 shares of AMC Entertainment Holdings stock in a transaction dated Friday, June 2nd. The shares were purchased at an average cost of $24.72 per share, with a total value of $247,200.00. Following the transaction, the chief executive officer now directly owns 90,426 shares of the company’s stock, valued at $2,235,330.72. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Kevin M. Connor bought 4,000 shares of AMC Entertainment Holdings stock in a transaction dated Thursday, June 8th. The stock was acquired at an average cost of $23.52 per share, for a total transaction of $94,080.00. Following the completion of the transaction, the senior vice president now directly owns 40,705 shares in the company, valued at $957,381.60. The disclosure for this purchase can be found here. 0.80% of the stock is owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in AMC. Ameritas Investment Partners Inc. acquired a new stake in AMC Entertainment Holdings during the first quarter worth $141,000. Pacer Advisors Inc. acquired a new stake in AMC Entertainment Holdings during the first quarter worth $157,000. Great West Life Assurance Co. Can increased its stake 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 in the last quarter. Nisa Investment Advisors LLC increased its stake in AMC Entertainment Holdings by 1,837.8% in the second quarter. Nisa Investment Advisors LLC now owns 7,170 shares of the company’s stock worth $163,000 after buying an additional 6,800 shares in the last quarter. Finally, Russell Investments Group Ltd. acquired a new stake in AMC Entertainment Holdings during the fourth quarter worth $275,000. 41.32% of the stock is currently owned by hedge funds and other 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.
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.
