Several other research firms have also recently issued reports on AMC.
Shares of AMC Entertainment Holdings (NYSE:AMC) traded down $0.40 during midday trading on Wednesday, hitting $11.00. Stifel Nicolaus increased their target price on shares of AMC Entertainment Holdings from $32.00 to $36.00 and gave the stock a "buy" rating in a report on Tuesday, November 8th. Finally, Wedbush reiterated a "buy" rating on shares of AMC Entertainment Holdings in a research report on Wednesday, August 2nd.
November 7 investment analysts at Wedbush kept the company rating at "Buy" with a current price target of $15.50. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company. AMC Entertainment Holdings presently has an average rating of "Buy" and an average target price of $34.82. During the same period last year, the firm earned $0.31 earnings per share. equities analysts expect that AMC Entertainment Holdings will post -1.28 earnings per share for the current year. If you are accessing this story on another site, it was stolen and reposted in violation of U.S. & worldwide trademark and copyright law. The correct version of this article can be read at https://weekherald.com/2017/11/10/wedbush-reaffirms-outperform-rating-for-amc-entertainment-holdings-inc-amc.html. Highbridge Capital Mgmt Lc has invested 0.14% of its portfolio in AMC Entertainment Holdings Inc (NYSE:AMC). The company has a market cap of $3.17 billion, a price-to-earnings ratio of 25.73 and a beta of 1.55. AMC Entertainment Holdings has a twelve month low of $11.25 and a twelve month high of $35.65.
AMC Entertainment Holdings (NYSE:AMC) last released its earnings results on Monday, November 6th. Vanguard Group Inc. now owns 4,840,316 shares of the company's stock valued at $152,228,000 after acquiring an additional 1,811,552 shares during the last quarter. AMC Entertainment Holdings had a negative net margin of 3.87% and a negative return on equity of 6.24%. The company had revenue of $1.18 billion during the quarter, compared to analysts' expectations of $1.16 billion. During the same quarter past year, the firm earned $0.14 EPS. The firm's revenue for the quarter was up 51.2% compared to the same quarter previous year. It fall, as 27 investors sold AMC shares while 40 reduced holdings. Ameritas Investment Partners Inc. boosted its position in AMC Entertainment Holdings by 8.3% during the 2nd quarter. Investment analysts at B. Riley cut their Q4 2018 earnings per share estimates for shares of AMC Entertainment Holdings in a research note issued on Tuesday. The value of the company's investment in Amc Entertainment Holdings Inc went from $222,000 to $389,000 a change of 75.2% quarter over quarter. Citadel Advisors LLC grew its position by buying 89,173 shares an increase of 488.8% in the quarter. NJ State Employees Deferred Compensation Plan acquired a new stake in AMC Entertainment Holdings in the third quarter valued at $147,000. BNP Paribas Arbitrage SA now owns 7,109 shares of the company's stock valued at $162,000 after purchasing an additional 6,055 shares during the last quarter.
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In related news, major shareholder American Multi-Cinema, Inc. sold 12,000,000 shares of the company's stock in a transaction on Monday, September 18th. The stock was sold at an average price of $6.09, for a total transaction of $73,080,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
In other news, Director Jack Qunyao Gao purchased 7,000 shares of the company's stock in a transaction that occurred on Wednesday, August 16th. Suntrust Banks Inc bought 24,807 shares as the company's stock declined 18.91% while stock markets rallied. Schroder Investment Management Group now owns 3,867,048 shares of the company's stock valued at $91,456,000 after acquiring an additional 3,108,645 shares during the last quarter. The disclosure for this purchase can be found here. The stock decreased 0.25% or $0.18 on November 10, reaching $72.25.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 19th. Stockholders of record on Monday, December 4th will be given a $0.20 dividend. The ex-dividend date is Thursday, December 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 7.27%. William Blair initiated coverage on shares of AMC Entertainment Holdings in a research report on Friday, July 21st. This buyback authorization permits the company to repurchase up to 58% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.
K2 Principal Fund, L.p. raised its investment in Amc Entertainment Holdings Inc by 100,000 shares in the quarter ending 09/30/2017. The Company, through its subsidiaries, including AMC Entertainment Inc., American Multi-Cinema, Inc. It operates through theatrical exhibition operations segment.
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