AMC Entertainment (NYSE:AMC) has been given a $30.00 target price by stock analysts at B. Riley in a report released on Tuesday, November 14th. The firm presently has a “buy” rating on the stock. B. Riley’s price objective indicates a potential upside of 114.29% from the stock’s current price.
AMC has been the subject of a number of other research reports. Loop Capital restated a “buy” rating and set a $33.00 price objective (down previously from $39.00) on shares of AMC Entertainment in a research report on Wednesday, August 2nd. Benchmark lowered AMC Entertainment from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Zacks Investment Research upgraded AMC Entertainment from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. Piper Jaffray Companies set a $25.00 price target on AMC Entertainment and gave the stock an “overweight” rating in a research report on Sunday, August 6th. Finally, Citigroup reiterated a “buy” rating and set a $21.00 price target (down previously from $30.00) on shares of AMC Entertainment in a research report on Monday, September 11th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $25.78.
AMC Entertainment (AMC) traded down $0.05 during mid-day trading on Tuesday, reaching $14.00. The company’s stock had a trading volume of 2,263,073 shares, compared to its average volume of 3,971,524. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 2.01. AMC Entertainment has a 52 week low of $10.80 and a 52 week high of $35.50.
In other AMC Entertainment news, CEO Adam M. Aron purchased 35,000 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The shares were purchased at an average cost of $15.79 per share, with a total value 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 $1,980,476.54. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder American Multi-Cinema, Inc. sold 12,000,000 shares of the company’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $6.09, for a total value of $73,080,000.00. The disclosure for this sale can be found here. 0.80% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in AMC Entertainment by 59.8% in the first quarter. Vanguard Group Inc. now owns 4,840,316 shares of the company’s stock valued at $152,228,000 after purchasing an additional 1,811,552 shares in the last quarter. Janus Henderson Group PLC grew its stake in AMC Entertainment by 47.7% in the third quarter. Janus Henderson Group PLC now owns 4,142,367 shares of the company’s stock valued at $60,893,000 after purchasing an additional 1,338,462 shares in the last quarter. Schroder Investment Management Group grew its stake in AMC Entertainment by 409.9% in the second quarter. Schroder Investment Management Group now owns 3,867,048 shares of the company’s stock valued at $91,456,000 after purchasing an additional 3,108,645 shares in the last quarter. Baupost Group LLC MA purchased a new position in AMC Entertainment in the third quarter valued at about $52,411,000. Finally, BlackRock Inc. grew its stake in AMC Entertainment by 46,484.0% in the first quarter. BlackRock Inc. now owns 3,352,184 shares of the company’s stock valued at $105,428,000 after purchasing an additional 3,344,988 shares in the last quarter. 48.59% of the stock is currently owned by hedge funds and other institutional investors.
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AMC Entertainment 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.
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