AMC Entertainment Holdings, Inc. (NYSE:AMC)‘s stock had its “buy” rating restated by research analysts at B. Riley in a research note issued to investors on Tuesday. They presently have a $30.00 price target on the stock, down from their previous price target of $30.50. B. Riley’s price objective suggests a potential upside of 154.24% from the stock’s previous close. B. Riley also issued estimates for AMC Entertainment Holdings’ Q4 2017 earnings at $0.37 EPS, FY2017 earnings at ($1.24) EPS, Q1 2018 earnings at $0.12 EPS, Q2 2018 earnings at ($0.16) EPS, Q3 2018 earnings at ($0.15) EPS, Q4 2018 earnings at $0.37 EPS, FY2018 earnings at $0.17 EPS, Q1 2019 earnings at $0.20 EPS, Q2 2019 earnings at ($0.09) EPS, Q3 2019 earnings at ($0.09) EPS and FY2019 earnings at $0.47 EPS.
Several other equities research analysts have also recently issued reports on the stock. Barclays PLC set a $16.00 price objective on shares of AMC Entertainment Holdings and gave the company a “hold” rating in a research report on Tuesday, August 29th. Zacks Investment Research upgraded shares of AMC Entertainment Holdings from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research report on Tuesday, October 17th. Citigroup Inc. reiterated a “buy” rating and set a $21.00 price objective (down previously from $30.00) on shares of AMC Entertainment Holdings in a research report on Monday, September 11th. Loop Capital reiterated a “buy” rating and set a $39.00 price objective on shares of AMC Entertainment Holdings in a research report on Monday, July 10th. Finally, William Blair initiated coverage on shares of AMC Entertainment Holdings in a research report on Friday, July 21st. They set a “market perform” rating on the stock. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company. AMC Entertainment Holdings currently has a consensus rating of “Hold” and an average price target of $25.78.
AMC Entertainment Holdings (NYSE AMC) traded down $0.50 during midday trading on Tuesday, reaching $11.80. 4,516,995 shares of the company’s stock were exchanged, compared to its average volume of 2,911,973. AMC Entertainment Holdings has a 12 month low of $11.25 and a 12 month high of $35.65. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 1.96.
AMC Entertainment Holdings (NYSE:AMC) last released its earnings results on Monday, November 6th. The company reported ($0.33) EPS for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.04). AMC Entertainment Holdings had a negative return on equity of 6.24% and a negative net margin of 3.87%. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the previous year, the business posted $0.31 EPS. AMC Entertainment Holdings’s revenue was up 51.2% on a year-over-year basis. analysts expect that AMC Entertainment Holdings will post -1.35 earnings per share for the current year.
AMC Entertainment Holdings announced that its Board of Directors has authorized a stock repurchase program on Thursday, August 3rd that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 58% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
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In other AMC Entertainment Holdings news, CEO Adam M. Aron purchased 35,000 shares of AMC Entertainment Holdings stock in a transaction that occurred on Thursday, September 14th. The shares were bought at an average price of $15.79 per share, for a total transaction of $552,650.00. Following the completion of the transaction, the chief executive officer now owns 125,426 shares of the company’s stock, valued at approximately $1,980,476.54. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jack Qunyao Gao acquired 20,000 shares of the company’s stock in a transaction on Friday, August 18th. The shares were 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 directly owns 30,500 shares of the company’s stock, valued at $381,250. The disclosure for this purchase can be found here. Insiders purchased 62,000 shares of company stock worth $896,940 in the last 90 days. 0.80% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Federated Investors Inc. PA boosted its stake in AMC Entertainment Holdings by 272.8% during the second quarter. Federated Investors Inc. PA now owns 463,400 shares of the company’s stock worth $10,542,000 after buying an additional 339,100 shares during the period. Thompson Siegel & Walmsley LLC boosted its stake in AMC Entertainment Holdings by 15.7% during the second quarter. Thompson Siegel & Walmsley LLC now owns 908,121 shares of the company’s stock worth $20,660,000 after buying an additional 123,028 shares during the period. Brookstone Capital Management purchased a new position in AMC Entertainment Holdings during the second quarter worth $269,000. B. Riley Financial Inc. boosted its stake in AMC Entertainment Holdings by 56.3% during the second quarter. B. Riley Financial Inc. now owns 25,985 shares of the company’s stock worth $591,000 after buying an additional 9,364 shares during the period. Finally, Alliancebernstein L.P. boosted its stake in AMC Entertainment Holdings by 74.7% during the first quarter. Alliancebernstein L.P. now owns 75,348 shares of the company’s stock worth $2,370,000 after buying an additional 32,223 shares during the period. 47.00% of the stock is owned by 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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