AMC Entertainment Holdings’ (AMC) “Outperform” Rating Reaffirmed at Barrington Research

AMC Entertainment Holdings, Inc. (NYSE:AMC)‘s stock had its “outperform” rating reiterated by stock analysts at Barrington Research in a note issued to investors on Tuesday, August 8th. They currently have a $23.00 price target on the stock. Barrington Research’s target price would indicate a potential upside of 76.92% from the company’s current price.

Several other equities analysts have also issued reports on the company. Loop Capital reissued a “buy” rating and set a $33.00 target price (down previously from $39.00) on shares of AMC Entertainment Holdings in a research note on Tuesday, August 8th. Royal Bank Of Canada cut their price target on AMC Entertainment Holdings from $30.00 to $22.00 and set an “outperform” rating on the stock in a report on Tuesday, August 8th. Wedbush reiterated a “buy” rating and issued a $22.75 price objective (down previously from $36.00) on shares of AMC Entertainment Holdings in a report on Tuesday, August 8th. Piper Jaffray Companies set a $25.00 price objective on AMC Entertainment Holdings and gave the company an “overweight” rating in a report on Sunday, August 6th. Finally, B. Riley reissued a “buy” rating and issued a $32.50 target price on shares of AMC Entertainment Holdings in a research report on Saturday, August 5th. Three equities 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 stock. AMC Entertainment Holdings has a consensus rating of “Hold” and an average target price of $29.96.

AMC Entertainment Holdings (AMC) opened at 13.00 on Tuesday. AMC Entertainment Holdings has a 52-week low of $12.05 and a 52-week high of $35.65. The firm’s market capitalization is $1.70 billion. The company’s 50-day moving average is $18.74 and its 200-day moving average is $26.12.

AMC Entertainment Holdings (NYSE:AMC) last announced its quarterly earnings results on Friday, August 4th. The company reported ($1.35) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by $1.41. AMC Entertainment Holdings had a negative net margin of 2.49% and a negative return on equity of 3.44%. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period last year, the company earned $0.24 EPS. The business’s revenue for the quarter was up 57.3% on a year-over-year basis. Analysts forecast that AMC Entertainment Holdings will post ($1.01) EPS for the current fiscal year.

AMC Entertainment Holdings declared that its Board of Directors has authorized a share buyback plan on Thursday, August 3rd that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 58% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

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In other news, Director Jack Qunyao Gao bought 20,000 shares of AMC Entertainment Holdings stock in a transaction that occurred on Friday, August 18th. The shares were purchased at an average price of $12.50 per share, for a total transaction of $250,000.00. Following the completion of the acquisition, the director now owns 30,500 shares of the company’s stock, valued at $381,250. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Kevin M. Connor acquired 4,000 shares of AMC Entertainment Holdings stock in a transaction on Thursday, June 8th. The shares were bought at an average price of $23.52 per share, for a total transaction of $94,080.00. Following the purchase, the senior vice president now owns 40,705 shares of the company’s stock, valued at $957,381.60. The disclosure for this purchase can be found here. Insiders purchased 41,000 shares of company stock worth $685,570 in the last quarter. 0.80% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. bought a new position in shares of AMC Entertainment Holdings during the fourth quarter worth approximately $275,000. AQR Capital Management LLC raised its stake in shares of AMC Entertainment Holdings by 206.5% in the fourth quarter. AQR Capital Management LLC now owns 28,877 shares of the company’s stock worth $972,000 after buying an additional 19,456 shares during the last quarter. Teachers Advisors LLC raised its stake in shares of AMC Entertainment Holdings by 42.5% in the fourth quarter. Teachers Advisors LLC now owns 49,693 shares of the company’s stock worth $1,672,000 after buying an additional 14,811 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of AMC Entertainment Holdings during the first quarter worth about $267,000. Finally, Boston Advisors LLC raised its stake in shares of AMC Entertainment Holdings by 29.2% in the first quarter. Boston Advisors LLC now owns 162,900 shares of the company’s stock worth $5,123,000 after buying an additional 36,780 shares during the last quarter. Institutional investors own 43.07% of the company’s stock.

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.

Analyst Recommendations for AMC Entertainment Holdings (NYSE:AMC)

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