Stock's Report of the Yesterday -: AMC Entertainment Holdings, Inc. (AMC)

Danny Woods
August 12, 2017

Wedbush now has a $22.75 price objective on the stock, down from their prior price objective of $36.00.

A number of other equities research analysts have also weighed in on AMC. Citigroup Inc. dropped their target price on AMC Entertainment Holdings from $36.00 to $35.00 and set a buy rating on the stock in a research report on Friday, June 9th. As of the end of the quarter Oppenheimer & Co Inc had sold a total of 7,600 shares trimming its holdings by 2.7%. Finally, Credit Suisse Group decreased their price objective on shares of AMC Entertainment Holdings from $26.00 to $20.00 and set an underperform rating for the company in a research report on Friday, June 23rd. Janus Capital Management LLC boosted its position in shares of AMC Entertainment Holdings by 0.3% in the first quarter. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company's stock. AMC Entertainment Holdings presently has an average rating of Hold and a consensus price target of $31.46. (AMC)'s latest closing price distance was at -50.20% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at -33.41% and -24.69% compared with the 20 Day Moving Average. AMC Entertainment Holdings has a 12 month low of $19.65 and a 12 month high of $35.65. The firm has a market capitalization of $2.12 billion, a PE ratio of 18.55 and a beta of 1.31. The New York-based American has invested 0% in AMC Entertainment Holdings Inc (NYSE:AMC). However a year ago for the same quarter the company has reported $0.31 EPS. AMC Entertainment Holdings had a negative net margin of 2.49% and a negative return on equity of 3.61%. (NYSE:AMC) will report sales of $1.28 billion for the current quarter, Zacks reports. Mittleman Brothers LLC now owns 1,442,941 shares of the company's stock valued at $32,827,000 after buying an additional 684,072 shares in the last quarter. Wedbush analyst M. Pachter now forecasts that the company will post earnings of ($0.32) per share for the quarter, up from their previous estimate of ($0.36).

As of the last earnings report the EPS was $-0.96 and is projected to be $-1.04 for the current year with 130,792,000 shares now outstanding. If you are accessing this story on another website, it was illegally copied and republished in violation of United States & global trademark & copyright legislation. "(AMC)" was originally reported by Markets Daily and is the property of of Markets Daily. If you are accessing this article on another domain, it was stolen and republished in violation of USA & global copyright law. The correct version of this article can be accessed at https://www.baseball-news-blog.com/2017/08/12/amc-entertainment-holdings-inc-nyseamc-rating-reiterated-by-wedbush.html.

AMC Entertainment Holdings declared that its Board of Directors has initiated a stock repurchase program on Thursday, August 3rd that authorizes the company to buyback $100.00 million in shares. This buyback authorization permits the company to repurchase up to 58% of its shares through open market purchases. News about a company's financial status, products, or plans, whether positive or negative, will typically result in a temporary increase in the trade volume of its stock. Zacks' sales averages are an average based on a survey of sell-side research firms that follow AMC Entertainment Holdings. Investors of record on Monday, September 11th will be paid a dividend of $0.20 per share. The ex-dividend date will be on Thursday June 1st, 2017. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.69%. AMC Entertainment Holdings's dividend payout ratio is now -125.00%. The shares were purchased at an average price of $23.52. Following the transaction, the senior vice president now owns 40,705 shares in the company, valued at $957,381.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The shares were acquired at an average price of $24.72 per share, for a total transaction of $247,200.00. Following the completion of the purchase, the chief executive officer now owns 90,426 shares in the company, valued at approximately $2,235,330.72. The disclosure for this bought can be found here. BNP Paribas Arbitrage SA now owns 7,109 shares of the company's stock worth $162,000 after buying an additional 6,055 shares in the last quarter.

Several hedge funds have recently bought and sold shares of the company.

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Amc Entertainment Holdings Incorporated (NYSE:AMC) had an increase of 29.99% in short interest. Pacer Advisors Inc. now owns 5,600 shares of the company's stock valued at $127,000 after buying an additional 601 shares during the last quarter. The value of the investment in (AMC) decreased from $46,780,000 to $46,146,000 a change of $634,000 quarter over quarter.

Parametric Portfolio Associates LLC expanded its stake by buying 151,672 shares an increase of 154.3% as of 06/30/2017.

Amc Entertainment Holdings Inc (NYSE:AMC) as of recent trade, has shown weekly upbeat performance of 1.97% which was maintained at -30.49% in 1-month period.

AMC Entertainment Holdings, Inc is a holding company. AMC Entertainment Holdings Inc (NYSE:AMC) has declined 9.74% since August 10, 2016 and is downtrending.

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