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

Ausiliatrice Cristiano
Agosto 2, 2017

FBR & Co reissued a "buy" rating and set a $37.00 target price on shares of AMC Entertainment Holdings in a research note on Friday, April 21st.

COPYRIGHT VIOLATION WARNING: This article was first reported by Chaffey Breeze and is the property of of Chaffey Breeze. Finally, Zacks Investment Research lowered AMC Entertainment Holdings from a hold rating to a sell rating in a research note on Wednesday, June 7th. The stock has a market cap of $2.72 billion, a P/E ratio of 23.74 and a beta of 1.32. The firm's 50-day moving average is $22.26 and its 200-day moving average is $27.89. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the company's stock. State Street Corp now owns 524,205 shares of the company's stock worth $17,643,000 after buying an additional 167,135 shares during the period. AQR Capital Management LLC now owns 28,877 shares of the company's stock valued at $972,000 after buying an additional 19,456 shares during the last quarter. The shares were purchased at an average cost of $23.52 per share, for a total transaction of $94,080.00. Vanguard Group Inc. boosted its position in shares of AMC Entertainment Holdings by 59.8% in the first quarter. Russell Investments Group Ltd. now owns 80,049 shares of the company's stock valued at $2,517,000 after buying an additional 72,020 shares in the last quarter. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Accern also gave news headlines about the company an impact score of 62 out of 100, indicating that recent news coverage is somewhat likely to have an effect on the stock's share price in the next several days. Following the completion of the transaction, the senior vice president now owns 40,705 shares of the company's stock, valued at $957,381.60. Dimensional Fund Advisors LP increased its stake in AMC Entertainment Holdings by 43.7% in the fourth quarter.

In other news, CEO Adam M. Aron bought 10,000 shares of AMC Entertainment Holdings stock in a transaction on Friday, June 2nd. The stock was purchased at an average cost of $24.72 per share, for a total transaction of $247,200.00.

A number of hedge funds and other institutional investors have recently bought and sold shares of AMC. Following the completion of the acquisition, the chief executive officer now directly owns 90,426 shares of the company's stock, valued at $2,235,330.72. Boston Advisors LLC boosted its stake in AMC Entertainment Holdings by 29.2% in the first quarter. The disclosure for this purchase can be found here.

On 2/26/2016 AMC Entertainment Holdings announced a quarterly dividend of $0.20 3.43% with an ex dividend date of 3/3/2016 which will be payable on 3/21/2016. Vanguard Group Inc. now owns 4,840,316 shares of the company's stock worth $152,228,000 after buying an additional 1,811,552 shares in the last quarter. Shareholders of record on Monday, June 5th were paid a dividend of $0.20 per share. The ex-dividend date was Thursday, June 1st.

The loss comes at a tricky time for AMC and its Chinese parent company Dalian Wanda, which is reportedly being investigated by Chinese regulators for the funding of its foreign acquisitions. 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 licenses first-run motion pictures from distributors owned by film production companies and from independent distributors.

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