Wedbush Maintains Rating On Amc Entertainment Holdings Inc (AMC)

Elias Hubbard
November 14, 2017

The firm now has a "buy" rating on the stock. Several studies suggest that positive earnings surprises not only lead to an immediate hike in a stock's price, but also to a gradual increase over time. Wedbush reissued a "buy" rating and issued a $41.00 target price on shares of AMC Entertainment Holdings in a report on Sunday, December 4th.

On November 7 B. Riley made no change to the stock rating of "Buy" projecting a price of $30.00. On October 18, 2017 Wedbush updated its forecast on AMC stating a rating of "Buy" and establishing a price target of $15.50. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the stock. Raymond James And Assocs reported 0% in AMC Entertainment Holdings Inc (NYSE:AMC). AMC Entertainment Holdings has a fifty-two week low of $10.80 and a fifty-two week high of $35.65.

Amc Entertainment Holdings Inc now has a P/E ratio of N/A and the market cap is 1.50B. The Kansas-based Creative Planning has invested 0% in AMC Entertainment Holdings Inc (NYSE:AMC). Greenwood Cap Assoc Ltd Limited Liability Company owns 27,329 shares or 0.1% of their USA portfolio. Average estimation for the current quarter has been provided by 13 analysts. During the same quarter in the prior year, the firm earned $0.31 EPS. Zacks holds 0.02% of its portfolio in AMC Entertainment Holdings Inc (NYSE:AMC) for 39,505 shares. AMC Entertainment Holdings's quarterly revenue was up 51.2% on a year-over-year basis. (AMC) in the open market. Shares repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

More interesting news about AMC Entertainment Holdings Inc (NYSE:AMC) were released by: Bloomberg.com and their article: "Coming to a Theater Near You: Subscriptions, Toys and Downloads" published on November 13, 2017 as well as Seekingalpha.com's news article titled: "AMC Entertainment Holdings (AMC) Q3 2017 Results - Earnings Call Transcript" with publication date: November 07, 2017. If you are accessing this news story on another publication, it was stolen and reposted in violation of US and worldwide copyright and trademark laws. AMC Entertainment Holdings's dividend payout ratio is presently 63.49%. At present, 9 analysts recommended Holding these shares while 0 recommended sell, according to FactSet data. Following the transaction, the director now directly owns 10,500 shares in the company, valued at approximately $141,435. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Adam M. Aron bought 35,000 shares of the company's stock in a transaction on Thursday, September 14th. About shares traded. Regions Financial Corp (NYSE:RF) has risen 48.79% since November 14, 2016 and is uptrending. After this purchase, 10,500 common shares of AMC are directly owned by the insider, with total stake valued at $122,325. The disclosure for this purchase can be found here. (AMCE), American Multi-Cinema, Inc.

The company is up by 4.09% percent from yesterday's close.

Rothschild Asset Management Inc isn't the only one who has changed their investment in AMC. Schroder Investment Management Group now owns 3,867,048 shares of the company's stock worth $91,456,000 after buying an additional 3,108,645 shares in the last quarter. As of the end of the quarter Alliancebernstein L.P. had acquired a total of 78,940 shares growing its stake by 92.5%. BlackRock Inc. grew its position in shares of AMC Entertainment Holdings by 46,484.0% during the first quarter. This works out to a net increase in ownership of 8.11 million shares, and suggests that institutions are feeling bullish about the stock. The original version of this article can be accessed at investing/research-analysts-set-expectations-for-amc-entertainment-holdings-inc-s-q2-2017-earnings-amc/1115022.html. The Company, through its subsidiaries, including AMC Entertainment Inc.

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