AMC Entertainment Holdings, Inc. (NYSE:AMC) had its target price cut by equities researchers at Credit Suisse Group from $20.00 to $17.00 in a research report issued on Tuesday, July 18th. The firm currently has an “underperform” rating on the stock. Credit Suisse Group’s target price points to a potential upside of 4.62% from the company’s current price.
A number of other research analysts also recently commented on AMC. B. Riley upgraded AMC Entertainment Holdings to a “buy” rating and set a $49.50 target price for the company in a research report on Tuesday, May 9th. Wedbush restated an “outperform” rating and set a $40.00 price target on shares of AMC Entertainment Holdings in a report on Tuesday, April 11th. Zacks Investment Research upgraded AMC Entertainment Holdings from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 22nd. Finally, FBR & Co upgraded AMC Entertainment Holdings from a “market perform” rating to an “outperform” rating and increased their price target for the company from $33.00 to $37.00 in a report on Monday, April 3rd. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company. AMC Entertainment Holdings presently has an average rating of “Hold” and a consensus target price of $31.03.
AMC Entertainment Holdings (NYSE:AMC) traded up 7.62% on Tuesday, hitting $16.25. 6,601,465 shares of the company’s stock traded hands. AMC Entertainment Holdings has a 12 month low of $15.50 and a 12 month high of $35.65. The stock has a market cap of $2.12 billion, a P/E ratio of 18.55 and a beta of 1.31. The stock has a 50 day moving average price of $22.18 and a 200-day moving average price of $27.80.
AMC Entertainment Holdings (NYSE:AMC) last posted its earnings results on Friday, August 4th. The company reported ($1.35) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by $1.41. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.22 billion. AMC Entertainment Holdings had a net margin of 2.56% and a return on equity of 6.52%. The firm’s revenue was up 57.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.24 earnings per share. Equities analysts predict that AMC Entertainment Holdings will post ($1.03) earnings per share for the current fiscal year.
AMC Entertainment Holdings announced that its Board of Directors has authorized a share repurchase plan on Thursday, August 3rd that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 58% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.
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In related news, SVP Kevin M. Connor acquired 4,000 shares of the company’s stock in a transaction that occurred on Thursday, June 8th. The shares were bought at an average price of $23.52 per share, with a total value 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Adam M. Aron acquired 10,000 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The shares were bought at an average cost of $24.72 per share, for a total transaction of $247,200.00. Following the transaction, the chief executive officer now owns 90,426 shares of the company’s stock, valued at $2,235,330.72. The disclosure for this purchase can be found here. 0.80% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of the company. Alliancebernstein L.P. increased its stake in shares of 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 increased its stake in shares of 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. increased its stake in shares of 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 acquired a new stake in shares of AMC Entertainment Holdings during the first quarter valued at $2,192,000. Finally, FMR LLC increased its stake 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 in the last quarter. 41.43% of the stock is owned by institutional investors and hedge funds.
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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