02 August, 2017
Prudential Financial Inc. boosted its stake in AMC Entertainment Holdings by 67.1% in the first quarter.
Wedbush believes AMC can earn significantly more than the broker's own earnings model would imply, but it needs to bang in several quarters of solid earnings before its price starts to recover. Wedbush now has an outperform rating on the stock. Barrington Research also issued estimates for AMC Entertainment Holdings' Q4 2017 earnings at $0.49 EPS and FY2018 earnings at $1.00 EPS. Finally, Loop Capital reaffirmed a "buy" rating and set a $39.00 price objective on shares of AMC Entertainment Holdings in a research note on Monday, July 10th.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. The company hit a new 52-week and all-time low of $15.15 per share in intraday trading. FBR Capital downgraded AMC Entertainment Holdings Inc (NYSE:AMC) rating on Wednesday, January 4. AMC Entertainment Holdings has an average rating of "Buy" and a consensus price target of $36.67.
Among 16 analysts covering AMC Entertainment (NYSE:AMC), 11 have Buy rating, 1 Sell and 4 Hold. Cornerstone Cap Mgmt Limited Liability Com has 0.01% invested in AMC Entertainment Holdings Inc (NYSE:AMC) for 33,663 shares. (NYSE:AMC) opened at 20.80 on Wednesday. The company's 50 day moving average is $24.27 and its 200-day moving average is $29.84.
On 2/26/2016 AMC Entertainment Holdings announced a quarterly dividend of $0.20 3.43% with an ex dividend date of 3/3/2016 which will be payable on 3/21/2016. "(AMC) Research Coverage Started at William Blair" was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this article on another website, it was copied illegally and republished in violation of USA & global trademark & copyright laws. The shares were purchased at an average cost of $23.52 per share, for a total transaction of $94,080.00. Following the purchase, the chief executive officer now directly owns 90,426 shares of the company's stock, valued at approximately $2,235,330.72. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.
AMC shares fell more than 25 percent to $15.30 in after-hours trading Tuesday. The stock was acquired at an average price of $24.72 per share, with a total value of $247,200.00. The disclosure for this purchase can be found here.
Hedge funds and other institutional investors own 41.43% of the company's stock. Pacer Advisors Inc. purchased a new position in shares of AMC Entertainment Holdings during the first quarter worth approximately $157,000. Dimensional Fund Advisors LP now owns 1,276,276 shares of the company's stock worth $42,948,000 after buying an additional 388,183 shares during the period. Finally, Fox Run Management L.L.C. bought a new stake in shares of AMC Entertainment Holdings during the first quarter valued at about $267,000. Janus Capital Management LLC now owns 2,417,897 shares of the company's stock worth $76,043,000 after buying an additional 8,318 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in AMC Entertainment Holdings during the fourth quarter valued at about $275,000.
01/24/2017 - AMC Entertainment Holdings, Inc. had its "buy" rating reiterated by analysts at Stifel Nicolaus. Can now owns 5,558 shares of the company's stock worth $174,000 after buying an additional 3,932 shares during the last quarter.
The Leawood, Kan., company, owned by struggling Chinese real estate conglomerate Dalian Wanda Group, told investors it is cutting costs to offset declines in theatrical attendance.
On top of AMC's new weak second-quarter guidance, the company also faces a potential threat from overseas. The Company, through its subsidiaries, including AMC Entertainment Inc., American Multi-Cinema, Inc. It operates through theatrical exhibition activities segment.
