AMC Entertainment Holdings, Inc. (AMC) Rating Reiterated by Citigroup Inc.

AMC Entertainment Holdings, Inc. (NYSE:AMC)‘s stock had its “buy” rating restated by equities research analysts at Citigroup Inc. in a research report issued on Monday. They currently have a $21.00 price target on the stock, down from their previous price target of $30.00. Citigroup Inc.’s price target would indicate a potential upside of 47.89% from the stock’s current price.

AMC has been the subject of a number of other reports. BidaskClub lowered AMC Entertainment Holdings from a “sell” rating to a “strong sell” rating in a research note on Friday, June 23rd. Barclays PLC set a $16.00 price target on AMC Entertainment Holdings and gave the stock a “hold” rating in a research note on Tuesday, August 29th. MKM Partners reissued a “buy” rating and set a $36.00 price target (down from $45.00) on shares of AMC Entertainment Holdings in a research note on Friday, June 9th. Zacks Investment Research lowered AMC Entertainment Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Finally, Credit Suisse Group decreased their price target on AMC Entertainment Holdings from $20.00 to $17.00 and set an “underperform” rating for the company in a research note on Tuesday, July 18th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $28.76.

Shares of AMC Entertainment Holdings (NYSE AMC) opened at 14.20 on Monday. AMC Entertainment Holdings has a 52-week low of $12.05 and a 52-week high of $35.65. The company has a 50-day moving average price of $15.29 and a 200-day moving average price of $24.03. The company’s market cap is $1.86 billion.

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 consensus estimate of $0.06 by ($1.41). AMC Entertainment Holdings had a negative net margin of 2.49% and a negative return on equity of 3.44%. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the previous year, the business earned $0.24 earnings per share. AMC Entertainment Holdings’s revenue for the quarter was up 57.3% on a year-over-year basis. On average, equities analysts predict that AMC Entertainment Holdings will post ($1.03) EPS for the current year.

AMC Entertainment Holdings declared that its board has approved a stock repurchase program on Thursday, August 3rd that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 58% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its stock is undervalued.

COPYRIGHT VIOLATION NOTICE: This piece was originally published by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this piece on another website, it was stolen and republished in violation of United States and international trademark and copyright law. The legal version of this piece can be accessed at https://sportsperspectives.com/2017/09/13/amc-entertainment-holdings-inc-amc-rating-reiterated-by-citigroup-inc.html.

In other news, Director Jack Qunyao Gao acquired 20,000 shares of AMC Entertainment Holdings stock in a transaction on Friday, August 18th. The shares were bought at an average cost of $12.50 per share, for a total transaction of $250,000.00. Following the acquisition, the director now directly owns 30,500 shares of the company’s stock, valued at approximately $381,250. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.80% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AMC. BlackRock Inc. increased its holdings in AMC Entertainment Holdings by 46,484.0% during the 1st quarter. BlackRock Inc. now owns 3,352,184 shares of the company’s stock worth $105,428,000 after purchasing an additional 3,344,988 shares during the period. Schroder Investment Management Group increased its holdings in shares of AMC Entertainment Holdings by 409.9% in the 2nd quarter. Schroder Investment Management Group now owns 3,867,048 shares of the company’s stock valued at $91,456,000 after acquiring an additional 3,108,645 shares during the period. Janus Henderson Group PLC purchased a new position in shares of AMC Entertainment Holdings in the 2nd quarter valued at $63,789,000. Point72 Asset Management L.P. purchased a new position in shares of AMC Entertainment Holdings in the 1st quarter valued at $73,011,000. Finally, Canyon Capital Advisors LLC purchased a new position in shares of AMC Entertainment Holdings in the 2nd quarter valued at $44,363,000. Institutional investors own 46.96% of the company’s stock.

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.

Analyst Recommendations for AMC Entertainment Holdings (NYSE:AMC)

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.

Latest News

Leave a Reply