AMC Entertainment Holdings Inc. (AMC) Set to Announce Quarterly Earnings on Monday
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Shares of AMC Entertainment Holdings Inc. (NYSE:AMC) opened at 30.80 on Friday. The firm has a market cap of $3.00 billion, a price-to-earnings ratio of 28.52 and a beta of 1.54. AMC Entertainment Holdings Inc. has a 52-week low of $19.28 and a 52-week high of $32.83. The company’s 50-day moving average is $31.55 and its 200 day moving average is $29.53.
Several research analysts have recently issued reports on AMC shares. Loop Capital started coverage on shares of AMC Entertainment Holdings in a report on Tuesday, August 23rd. They issued a “buy” rating and a $35.00 target price for the company. Zacks Investment Research cut shares of AMC Entertainment Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, July 19th. MKM Partners upped their target price on shares of AMC Entertainment Holdings from $33.00 to $35.00 and gave the company a “buy” rating in a report on Monday, July 25th. FBR & Co restated a “buy” rating on shares of AMC Entertainment Holdings in a report on Tuesday, August 2nd. Finally, Wedbush restated a “buy” rating and issued a $33.00 target price on shares of AMC Entertainment Holdings in a report on Wednesday, August 3rd. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. AMC Entertainment Holdings currently has an average rating of “Buy” and a consensus target price of $32.82.
In other news, CEO Adam M. Aron acquired 10,000 shares of the business’s stock in a transaction on Monday, August 8th. The stock was bought at an average price of $28.80 per share, for a total transaction of $288,000.00. Following the transaction, the chief executive officer now owns 20,000 shares in the company, valued at $576,000. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.29% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the company. 1832 Asset Management L.P. increased its position in shares of AMC Entertainment Holdings by 13.6% in the second quarter. 1832 Asset Management L.P. now owns 543,067 shares of the company’s stock worth $24,994,000 after buying an additional 65,134 shares during the last quarter. Algert Global LLC bought a new position in shares of AMC Entertainment Holdings during the second quarter worth about $494,000. Teachers Advisors Inc. increased its position in shares of AMC Entertainment Holdings by 6.4% in the second quarter. Teachers Advisors Inc. now owns 35,637 shares of the company’s stock worth $984,000 after buying an additional 2,153 shares in the last quarter. TIAA CREF Investment Management LLC increased its position in shares of AMC Entertainment Holdings by 38.3% in the second quarter. TIAA CREF Investment Management LLC now owns 160,445 shares of the company’s stock worth $4,430,000 after buying an additional 44,423 shares in the last quarter. Finally, Fifth Third Bancorp increased its position in shares of AMC Entertainment Holdings by 2.3% in the second quarter. Fifth Third Bancorp now owns 125,296 shares of the company’s stock worth $3,459,000 after buying an additional 2,856 shares in the last quarter. Institutional investors own 21.66% of the company’s stock.
About AMC Entertainment Holdings
AMC Entertainment Holdings, Inc is a holding company. 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. The Company operates through theatrical exhibition operations segment.
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