Citigroup Inc. reiterated their buy rating on shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) in a research note issued to investors on Saturday. The firm currently has a $30.00 price target on the stock, down from their prior price target of $35.00.
A number of other research firms have also recently weighed in on AMC. FBR & Co reissued a buy rating and issued a $37.00 price target on shares of AMC Entertainment Holdings in a report on Friday, April 21st. Barclays PLC cut AMC Entertainment Holdings from an overweight rating to an equal weight rating and cut their price target for the stock from $31.00 to $25.00 in a report on Wednesday, July 19th. B. Riley reissued a buy rating and issued a $47.50 price target on shares of AMC Entertainment Holdings in a report on Wednesday, March 29th. MKM Partners reissued a buy rating and issued a $36.00 price target (down from $45.00) on shares of AMC Entertainment Holdings in a report on Friday, June 9th. Finally, Wedbush reissued an outperform rating and issued a $40.00 price target on shares of AMC Entertainment Holdings in a report on Monday, April 24th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $35.21.
Shares of AMC Entertainment Holdings (NYSE:AMC) opened at 20.50 on Friday. AMC Entertainment Holdings has a one year low of $19.65 and a one year high of $35.65. The firm has a 50-day moving average price of $22.73 and a 200 day moving average price of $28.38. The stock has a market capitalization of $2.68 billion, a PE ratio of 23.40 and a beta of 1.35.
In other news, CEO Adam M. Aron purchased 10,000 shares of the stock in a transaction on Friday, June 2nd. The stock was purchased at an average price of $24.72 per share, with a total value of $247,200.00. Following the completion of the transaction, the chief executive officer now owns 90,426 shares in the company, valued at $2,235,330.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Kevin M. Connor purchased 4,000 shares of the stock in a transaction on Thursday, June 8th. The shares were purchased at an average cost of $23.52 per share, with a total value of $94,080.00. Following the transaction, the senior vice president now owns 40,705 shares of the company’s stock, valued at approximately $957,381.60. The disclosure for this purchase can be found here. 0.80% of the stock is currently owned by insiders.
Large investors have recently bought and sold shares of the stock. Ameritas Investment Partners Inc. purchased a new stake in AMC Entertainment Holdings during the first quarter worth about $141,000. Pacer Advisors Inc. purchased a new stake in AMC Entertainment Holdings during the first quarter worth about $157,000. 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 during the period. 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 during the period. Finally, Legato Capital Management LLC purchased a new stake in AMC Entertainment Holdings during the second quarter worth about $239,000. 41.32% of the stock is 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.
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