William Blair began coverage on shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) in a research report released on Friday, July 21st, MarketBeat reports. The brokerage issued a market perform rating on the stock.
Several other research analysts have also commented on AMC. B. Riley reiterated a buy rating and set a $47.50 price objective on shares of AMC Entertainment Holdings in a research note on Friday, March 24th. FBR & Co upgraded shares of AMC Entertainment Holdings from a market perform rating to an outperform rating and upped their price target for the company from $33.00 to $37.00 in a research note on Monday, April 3rd. Wedbush reaffirmed an outperform rating and issued a $40.00 price objective on shares of AMC Entertainment Holdings in a report on Tuesday, April 11th. Zacks Investment Research raised shares of AMC Entertainment Holdings from a hold rating to a strong-buy rating and set a $35.00 price objective on the stock in a report on Wednesday, April 12th. Finally, Barclays PLC increased their price target on shares of AMC Entertainment Holdings from $30.00 to $36.00 and gave the stock an overweight rating in a report on Monday, April 17th. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. AMC Entertainment Holdings presently has a consensus rating of Hold and an average target price of $31.46.
AMC Entertainment Holdings (AMC) opened at 15.10 on Friday. The company’s 50-day moving average price is $22.18 and its 200 day moving average price is $27.80. AMC Entertainment Holdings has a 12 month low of $14.80 and a 12 month high of $35.65. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of 17.24 and a beta of 1.31.
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In other AMC Entertainment Holdings news, CEO Adam M. Aron bought 10,000 shares of the business’s stock in a transaction dated Friday, June 2nd. The shares were acquired at an average cost of $24.72 per share, with a total value of $247,200.00. Following 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 filing with the SEC, which is accessible through this hyperlink. Also, SVP Kevin M. Connor acquired 4,000 shares of the company’s stock in a transaction on Thursday, June 8th. The stock was purchased at an average cost of $23.52 per share, for a total transaction of $94,080.00. Following the completion of the purchase, the senior vice president now directly owns 40,705 shares in the company, valued at approximately $957,381.60. The disclosure for this purchase can be found here. 0.80% of the stock is owned by insiders.
Several large investors have recently modified their holdings of the company. Alliancebernstein L.P. raised its stake in AMC Entertainment Holdings by 74.7% in the first quarter. Alliancebernstein L.P. now owns 75,348 shares of the company’s stock valued at $2,370,000 after buying an additional 32,223 shares in the last quarter. Janus Capital Management LLC raised its stake in AMC Entertainment Holdings by 0.3% in the first quarter. Janus Capital Management LLC now owns 2,417,897 shares of the company’s stock valued at $76,043,000 after buying an additional 8,318 shares in the last quarter. Prudential Financial Inc. raised its stake in AMC Entertainment Holdings by 67.1% in the first quarter. Prudential Financial Inc. now owns 30,779 shares of the company’s stock valued at $968,000 after buying an additional 12,360 shares in the last quarter. LMR Partners LLP purchased a new position in shares of AMC Entertainment Holdings during the first quarter valued at $2,192,000. Finally, FMR LLC increased its position in shares of AMC Entertainment Holdings by 5,837.8% in the fourth quarter. FMR LLC now owns 723,524 shares of the company’s stock valued at $24,347,000 after buying an additional 711,339 shares during the last quarter. Institutional investors own 41.43% 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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