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12 August 2017, 10:42 | Max Haynes
The lowest target is $17 while the high is $43.21. With 2.33 million avg volume, 3 days are for Amc Entertainment Holdings Incorporated (NYSE:AMC)'s short sellers to cover AMC's short positions.
A look at some of the inputs to technical analysis model shows how AMC Entertainment Holdings, Inc. current price compares to its recent moving averages. Next quarter's EPS is forecasted to be $0.53 with next year's EPS anticipated to be $0.70. It increased, as 16 investors sold AMC shares while 30 reduced holdings. AMC Entertainment Holdings's revenue for the quarter was up 57.3% compared to the same quarter previous year. The company reported ($1.35) earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by $1.41.
AMC Entertainment Holdings (AMC) traded up 1.46% during mid-day trading on Friday, hitting $20.80. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the previous year, the company posted $0.24 EPS.
A number of brokerages recently weighed in on AMC. Zacks Investment Research raised shares of AMC Entertainment Holdings from a "hold" rating to a "strong-buy" rating and set a $35.00 target price on the stock in a research note on Wednesday, April 12th. FBR & Co reissued a buy rating and set a $37.00 price objective on shares of AMC Entertainment Holdings in a report on Friday, April 21st. Barclays PLC boosted their price objective on AMC Entertainment Holdings from $30.00 to $36.00 and gave the stock an overweight rating in a report on Monday, April 17th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company's stock. The company has an average rating of "Hold" and an average target price of $35.21.
AMC Entertainment Holdings (NYSE:AMC) last released its earnings results on Friday, August 4th. The insider, GAO JACK QUNYAO, now holds 3,500 shares of AMC. Amc Entertainment Holdings Inc (NYSE:AMC)'s price sits -29.08% off from its 50-day moving average of $20.87 and -46.73% away from the stock's 200-day moving average which is $27.18. The company has a market cap of $2.72 billion, a P/E ratio of 23.74 and a beta of 1.35.
AMC Entertainment Holdings, Inc also announced a dividend which will be paid on Monday the 25th of September 2017. This represents a $0.80 annualized dividend and a dividend yield of 5.16%. The ex-dividend date will be on Thursday June 1st, 2017. AMC Entertainment Holdings's dividend payout ratio (DPR) is presently -125.00%.
Wall Street analysts are predicting that Amc Entertainment Holdings Inc (NYSE:AMC) will report earnings per share of $-0.29 in their quarterly report. BNP Paribas Arbitrage SA now owns 7,109 shares of the company's stock worth $162,000 after buying an additional 6,055 shares in the last quarter. Stock repurchase programs are generally an indication that the company's leadership believes its stock is undervalued.
COPYRIGHT VIOLATION NOTICE: "AMC Entertainment Holdings, Inc". If you are reading this news story on another domain, it was illegally stolen and republished in violation of United States & worldwide copyright and trademark legislation. The legal version of this piece of content can be accessed at https://sportsperspectives.com/2017/08/12/amc-entertainment-holdings-nyseamc-buy-rating-reaffirmed-at-wedbush-updated.html. Adam M. Aron, CEO AND PRESIDENT disclosed the purchase of 10,000 shares of AMC stock. The stock was purchased at an average cost of $24.72 per share, with a total value of $247,200.00. Following the completion of the purchase, the chief executive officer now owns 90,426 shares in the company, valued at $2,235,330.72.
In other news, SVP Kevin M. Connor purchased 4,000 shares of the company's stock in a transaction dated Thursday, June 8th. The disclosure for this bought can be found here.
Amc Entertainment Holdings Inc (NYSE:AMC) has grabbed attention from the analysts, when it saw a value decrease of -4.02% or -0.65 points in the last trading session to close at $15.5. 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 during the period. The value of the investment in (AMC) went from $1,313,000 to $1,919,000 a change of 46.2% quarter to quarter. The value in dollars went from $3,092,000 to $5,687,000 a change of 83.9% since the last quarter. Amc Entertainment Holdings Inc (NYSE:AMC)'s price to free cash flow for trailing twelve months is 0. Elk Creek Partners, LLC now controls 489,642 shares worth $11,139,000.
As of quarter end Parametric Portfolio Associates LLC had acquired a total of 151,672 shares growing its stake by 154.3%. Elk Creek Partners, LLC now owns 489,642 shares valued at $11,139,000. Finally, FMR LLC boosted its position in shares of AMC Entertainment Holdings by 5,837.8% in the fourth quarter. Hedge funds and other institutional investors own 42.02% of the company's stock.
Iovance Biotherapeutics, Inc., formerly Lion Biotechnologies, Inc., is a clinical-stage biopharmaceutical company. For the current quarter Amc Entertainment Holdings Inc (NYSE:AMC) has high EPS estimates of $-0.06 in contradiction of low EPS estimates of $-0.43.
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