AMC Entertainment Holdings' (NYSE:AMC) Buy Rating Reaffirmed at Wedbush

Andrew Cummings
August 3, 2017

Shares of Cinemark Holdings Inc. were down more than 6% in Wednesday trade, while shares of Regal Entertainment Group and Imax Corp. fell almost 5%. Blackrock Institutional Trust Na accumulated 814,056 shares or 0% of the stock. AMC Entertainment Holdings Inc (NYSE:AMC) has declined 9.74% since August 2, 2016 and is downtrending. Airain stated it has 0.03% of its portfolio in AMC Entertainment Holdings Inc (NYSE:AMC). About 12.79 million shares traded or 555.90% up from the average. Great West Life Assurance Co. It has underperformed by 26.44% the S&P500.

Wall Street await AMC Entertainment Holdings Inc (NYSE:AMC) to release earnings on August, 7 after the close. AQR Capital Management LLC raised its position in AMC Entertainment Holdings by 206.5% in the fourth quarter. (NYSE:AMC) is -24.29% away from the 20-Day Simple Moving Average.

The current consensus rating on AMC Entertainment Holdings (NYSE:AMC) is Buy (Score: 2.64) with a consensus target price of $31.65 per share, a potential 108.23% upside.

AMC also said it expects the third quarter to be "very challenging" and that the North American box office for the full year will come in at $11.2 billion - down 1.8% from 2016. Based on the stock's volatility for the week, which is a statistical measure of the dispersion of returns for a given stock and represents average daily high/low percentage range of 2.45% and month of 3.69%.

On 2/15/2017 AMC Entertainment Holdings announced a quarterly dividend of $0.20 2.54% with an ex dividend date of 3/9/2017 which will be payable on 3/27/2017. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company. Therefore 69% are positive. On August 24 analysts at Loop Capital added AMC to its research portfolio with an initial rating of "Buy". The one year target is $33.14 with 4 brokerages rating the stock a strong buy, 9 analysts rating the company a buy, three analysts rating the company a hold, 0 brokers rating the stock a underperform, and finally 0 brokerages rating the stock a sell. Barclays PLC boosted their price target on shares of AMC Entertainment Holdings from $30.00 to $36.00 and gave the stock an "overweight" rating in a research note on Monday, April 17th. They now have a Dollars 36 price target on the stock. The stock now has a consensus rating of "Hold" and a consensus target price of $34.67. FBR Capital has "Mkt Perform" rating and $35 target. Benchmark maintained it with "Buy" rating and $41.09 target in Thursday, November 17 report.

Want to see what other hedge funds are holding AMC? The firm now has a buy rating on the stock. With the firm's stock price now trading around $15.20, the firm has proven a solid track record of growth over the recent years. RBC Capital Markets maintained it with "Buy" rating and $3800 target in Wednesday, July 5 report. As per Wednesday, November 18, the company rating was maintained by Topeka Capital Markets. Finally, MKM Partners reissued a "buy" rating and issued a $36.00 price objective (down previously from $45.00) on shares of AMC Entertainment Holdings in a research note on Friday, June 9th. The company was initiated on Friday, February 5 by Credit Suisse. Schwab Charles Investment Management Inc. owned about 0.17% of AMC Entertainment Holdings worth $7,152,000 at the end of the most recent quarter.

AMC Entertainment Holdings, Inc is a holding company. The company has a market cap of $2.72 billion, a price-to-earnings ratio of 23.74 and a beta of 1.32. (OpCo) and its subsidiaries, is engaged in the theatrical exhibition business. It operates through theatrical exhibition operations segment.

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