AMC Entertainment Holdings, Inc. (NYSE:AMC) has been given a $30.00 target price by B. Riley in a report released on Tuesday. The brokerage presently has a “buy” rating on the stock. B. Riley’s price objective would suggest a potential upside of 139.04% from the stock’s previous close.
Other research analysts also recently issued reports about the company. William Blair assumed coverage on AMC Entertainment Holdings in a report on Friday, July 21st. They issued a “market perform” rating for the company. Zacks Investment Research raised AMC Entertainment Holdings from a “sell” rating to a “hold” rating in a report on Friday, August 4th. ValuEngine downgraded AMC Entertainment Holdings from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. Royal Bank Of Canada decreased their price target on AMC Entertainment Holdings from $30.00 to $22.00 and set an “outperform” rating for the company in a report on Tuesday, August 8th. Finally, Benchmark Co. downgraded AMC Entertainment Holdings from a “buy” rating to a “hold” rating in a report on Thursday, August 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 has an average rating of “Hold” and an average price target of $25.78.
Shares of AMC Entertainment Holdings (NYSE:AMC) traded up $0.35 during midday trading on Tuesday, reaching $12.55. The company had a trading volume of 3,617,800 shares, compared to its average volume of 2,271,488. AMC Entertainment Holdings has a 52-week low of $10.80 and a 52-week high of $35.65. The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.53 and a current ratio of 0.53.
AMC Entertainment Holdings (NYSE:AMC) last issued its earnings results on Monday, November 6th. The company reported ($0.33) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.29) by ($0.04). The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.16 billion. AMC Entertainment Holdings had a negative net margin of 3.87% and a negative return on equity of 6.20%. AMC Entertainment Holdings’s quarterly revenue was up 51.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.31 EPS. sell-side analysts predict that AMC Entertainment Holdings will post -1.28 earnings per share for the current fiscal year.
AMC Entertainment Holdings declared that its Board of Directors has authorized a stock buyback program on Thursday, August 3rd that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to repurchase up to 58% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its stock is undervalued.
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In related news, major shareholder American Multi-Cinema, Inc. sold 12,000,000 shares of the stock in a transaction on Monday, September 18th. The stock was sold at an average price of $6.09, for a total value of $73,080,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jack Qunyao Gao acquired 20,000 shares of AMC Entertainment Holdings stock in a transaction that occurred on Friday, August 18th. The stock was purchased at an average cost of $12.50 per share, with a total value of $250,000.00. Following the completion of the purchase, the director now owns 30,500 shares in the company, valued at approximately $381,250. The disclosure for this purchase can be found here. Corporate insiders own 0.80% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Independent Advisor Alliance acquired a new position in AMC Entertainment Holdings in the 3rd quarter valued at $291,000. PVG Asset Management Corp acquired a new position in AMC Entertainment Holdings in the 3rd quarter valued at $2,340,000. California Public Employees Retirement System raised its stake in AMC Entertainment Holdings by 50.8% in the 3rd quarter. California Public Employees Retirement System now owns 61,278 shares of the company’s stock valued at $901,000 after purchasing an additional 20,644 shares during the last quarter. Janus Henderson Group PLC raised its stake in AMC Entertainment Holdings by 47.7% in the 3rd quarter. Janus Henderson Group PLC now owns 4,142,367 shares of the company’s stock valued at $60,893,000 after purchasing an additional 1,338,462 shares during the last quarter. Finally, Caxton Associates LP acquired a new position in AMC Entertainment Holdings in the 3rd quarter valued at $2,205,000. 46.75% of the stock is 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.
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