Economy

AMC Entertainment Holdings' "Outperform" Recommendation Reiterated at Barrington Research

Several research firms have commented on AMC. (NYSE:AMC) has received an average rating of "Hold" from the nineteen ratings firms that are now covering the company, MarketBeat reports. Loop Capital reiterated a "buy" rating and issued a $39.00 price objective on shares of AMC Entertainment Holdings in a report on Monday, July 10th. On July 21 analysts at William Blair added the stock to its research portfolio with a rating of "Equal-Weight".

AMC Entertainment Holdings, Inc., launched on June 6, 2007, is a holding company. July 18 investment analysts at Credit Suisse held the company rating at "Underperform" and lowered the price expectation to $17.00 from $34.00.

Benchmark "Downgrades" Amc Entertainment Holdings Inc (NYSE:AMC) in a research note issued to investors on 8/03/17 to Hold with price target of $0.

Barrington Research restated their outperform rating on shares of AMC Entertainment Holdings, Inc. Shares of the company are trading at $14.05 a great deal lower than $20.21, the 50 day moving average and which is significantly below the 200 day moving average of $26.86. Company's market valuation is $1.78 B. (NYSE:AMC) was down -3.20% during the last trading session, with a day high of 14.45.

According to analysts Amc Entertainment Holdings Inc (NYSE:AMC)'s minimum EPS for the current quarter is at $-0.43 and can go high up to $-0.06. The dividend payment will be $0.200 per share for the quarter or $0.80 annualized. Revenue for the quarter also did not kill consensus, coming in at $1.2 Billion, compared to the consensus of 1.23 Billion.

In terms of Buy, Sell or Hold recommendations, Amc Entertainment Holdings Inc (NYSE:AMC) has analysts' mean recommendation of 2.2. The business's revenue was up 57.3% on a year-over-year basis. "(AMC) Releases Quarterly Earnings Results, Misses Estimates By $1.41 EPS" was first published by Chaffey Breeze and is the sole property of of Chaffey Breeze. Legal And General Gp Public Limited Com has 0% invested in AMC Entertainment Holdings Inc (NYSE:AMC). Blackrock Japan Ltd invested 0% of its portfolio in AMC Entertainment Holdings Inc (NYSE:AMC). If you are reading this article on another site, it was illegally copied and republished in violation of USA and global copyright and trademark law.

AMC Entertainment Holdings announced that its board has authorized a share buyback plan on Thursday, August 3rd that allows the company to buyback $100.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 58% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its stock is undervalued.

Also, the company announced dividend for the quarter, expected to be paid on early Wed, Sep 27th. Shareholders of record on Monday, September 11th will be issued a $0.20 dividend. The ex-dividend date will be Thursday the 1st of June 2017. AMC Entertainment Holdings's yield ratio (DPR) is presently -125.00%.

In other AMC Entertainment Holdings news, SVP Kevin M. Connor bought 4,000 shares of the stock in a transaction dated Thursday, June 8th. The total value of its holdings decreased 29.4%. The company posted an earnings surprise of -0.7%. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

In other AMC Entertainment Holdings news, CEO Adam M. Aron purchased 10,000 shares of AMC Entertainment Holdings stock in a transaction on Friday, June 2nd. The shares were purchased at an average price of $24.72 per share, for a total transaction of $247,200.00. Following the completion of the acquisition, the chief executive officer now directly owns 90,426 shares of the company's stock, valued at approximately $2,235,330.72.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Janus Henderson Group PLC acquired a new stake in AMC Entertainment Holdings during the second quarter worth $63,789,000. Alliancebernstein L.P. now owns 75,348 shares of the company's stock valued at $2,370,000 after buying an additional 32,223 shares in the last quarter. Teachers Advisors LLC raised its position in AMC Entertainment Holdings by 42.5% in the fourth quarter.

The stock, as of recent close, has shown weekly downbeat performance of -15.52% which was maintained at -37.89% in 1-month period, and is down -59.578% in this year. Dimensional Fund Advisors Lp grew its ownership by buying 540,854 shares an increase of 36.4%. Following the transaction, the senior vice president now directly owns 40,705 shares of the company's stock, valued at approximately $957,381.60.

Parametric Portfolio Associates LLC bolstered its investment by buying 151,672 shares an increase of 154.3%. AQR Capital Management LLC now owns 28,877 shares of the company's stock worth $972,000 after buying an additional 19,456 shares in the last quarter. (NYSE:AMC) was trading at volume above average, prior 52-week high was $35.65 and plunged -54.36% over the same period, trading at a volume of 3.17 million. The Company, through its subsidiaries, including AMC Entertainment Inc., American Multi-Cinema, Inc.



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