The stock of AMC Entertainment Holdings Inc (NYSE:AMC) is a huge mover today! The stock increased 3.60% or $1.12 during the last trading session, hitting $32.22. About 256,268 shares traded hands or 21.36% up from the average. AMC Entertainment Holdings Inc (NYSE:AMC) has risen 29.38% since February 29, 2016 and is uptrending. It has outperformed by 17.16% the S&P500.
The move comes after 8 months positive chart setup for the $3.17B company. It was reported on Oct, 4 by Barchart.com. We have $42.85 PT which if reached, will make NYSE:AMC worth $1.05 billion more.
Analysts await AMC Entertainment Holdings Inc (NYSE:AMC) to report earnings on November, 7. They expect $0.24 earnings per share, up 100.00% or $0.12 from last year’s $0.12 per share. AMC’s profit will be $23.61M for 33.56 P/E if the $0.24 EPS becomes a reality. After $0.24 actual earnings per share reported by AMC Entertainment Holdings Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
AMC Entertainment Holdings Inc (NYSE:AMC) Ratings Coverage
Out of 9 analysts covering AMC Entertainment (NYSE:AMC), 8 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 89% are positive. AMC Entertainment has been the topic of 16 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The rating was maintained by Credit Suisse on Tuesday, March 15 with “Outperform”. Topeka Capital Markets maintained AMC Entertainment Holdings Inc (NYSE:AMC) rating on Friday, October 2. Topeka Capital Markets has “Hold” rating and $28 price target. M Partners maintained it with “Buy” rating and $40 target price in Wednesday, October 21 report. The firm has “Buy” rating by Stifel Nicolaus given on Monday, January 4. As per Wednesday, July 22, the company rating was upgraded by M Partners. M Partners maintained it with “Buy” rating and $28 target price in Thursday, January 28 report. Topeka Capital Markets maintained AMC Entertainment Holdings Inc (NYSE:AMC) on Wednesday, November 18 with “Hold” rating. The firm has “Neutral” rating by B. Riley & Co given on Wednesday, March 30. The stock has “Hold” rating given by Topeka Capital Markets on Wednesday, January 6. The firm has “Outperform” rating by FBR Capital given on Thursday, May 12.
According to Zacks Investment Research, “AMC Entertainment Holdings, Inc., operates as a theatrical exhibition company primarily in the United States and internationally. It owned or interests in theatres and screens. AMC Entertainment Holdings, Inc. is based in Leawood, Kansas.”
Insitutional Activity: The institutional sentiment increased to 1.52 in 2016 Q2. Its up 0.44, from 1.08 in 2016Q1. The ratio is positive, as 16 funds sold all AMC Entertainment Holdings Inc shares owned while 30 reduced positions. 13 funds bought stakes while 57 increased positions. They now own 20.69 million shares or 1.05% less from 20.91 million shares in 2016Q1.
Axa reported 7,707 shares or 0% of all its holdings. Geode Capital Mgmt Limited Liability Corporation accumulated 0% or 142,654 shares. California State Teachers Retirement has 0% invested in the company for 45,389 shares. Three Peaks Capital Management Ltd Liability Com reported 325,177 shares or 1.56% of all its holdings. The New York-based Tricadia Capital Mgmt Limited Liability Company has invested 3.14% in AMC Entertainment Holdings Inc (NYSE:AMC). 1832 Asset Management L P has invested 0.06% of its portfolio in AMC Entertainment Holdings Inc (NYSE:AMC). Royal Bank Of Canada holds 139,032 shares or 0% of its portfolio. Ladenburg Thalmann Services holds 0% or 53 shares in its portfolio. Ridgeworth Cap Management Limited Liability Company has invested 0.59% of its portfolio in AMC Entertainment Holdings Inc (NYSE:AMC). Teachers Advsr accumulated 35,637 shares or 0% of the stock. Jpmorgan Chase & accumulated 22,362 shares or 0% of the stock. Northern Trust last reported 391,296 shares in the company. Moreover, Hsbc Hldgs Public Limited Com has 0% invested in AMC Entertainment Holdings Inc (NYSE:AMC) for 20,092 shares. Millennium Limited Company last reported 765,266 shares in the company. The Colorado-based Denver Invest Advsrs Limited Liability Company has invested 0.69% in AMC Entertainment Holdings Inc (NYSE:AMC).
More news for AMC Entertainment Holdings Inc (NYSE:AMC) were recently published by: Wsj.com, which released: “AMC Entertainment Revenue Falls on Box Office Declines” on August 01, 2016. Businesswire.com‘s article titled: “AMC Entertainment Holdings, Inc. to Participate in September Investor Conferences” and published on September 06, 2016 is yet another important article.
AMC Company Profile
AMC Entertainment Holdings, Inc., incorporated on June 6, 2007, 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 Firm operates through theatrical exhibition activities segment. The Firm owns, operates or holds interests in approximately 390 theatres with a total of over 5,420 screens located in the United States.
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