The stock of AMC Entertainment Holdings Inc (NYSE:AMC) hit a new 52-week high and has $39.49 target or 22.00% above today’s $32.37 share price. The 8 months bullish chart indicates low risk for the $3.21B company. The 1-year high was reported on Oct, 7 by Barchart.com. If the $39.49 price target is reached, the company will be worth $706.20M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 122,652 shares traded hands. AMC Entertainment Holdings Inc (NYSE:AMC) has risen 20.13% since March 4, 2016 and is uptrending. It has outperformed by 12.09% the S&P500.
Analysts await AMC Entertainment Holdings Inc (NYSE:AMC) to report earnings on November, 7. They expect $0.24 EPS, up 100.00% or $0.12 from last year’s $0.12 per share. AMC’s profit will be $23.80 million for 33.72 P/E if the $0.24 EPS becomes a reality. After $0.24 actual EPS 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. $40 is the highest target while $26 is the lowest. The $30.63 average target is -5.38% below today’s ($32.37) stock price. AMC Entertainment has been the topic of 16 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The stock of AMC Entertainment Holdings Inc (NYSE:AMC) has “Outperform” rating given on Monday, June 13 by Credit Suisse. The stock of AMC Entertainment Holdings Inc (NYSE:AMC) earned “Outperform” rating by Credit Suisse on Friday, February 5. The firm has “Buy” rating by B. Riley & Co given on Thursday, June 16. The rating was maintained by Credit Suisse with “Outperform” on Tuesday, March 15. The rating was maintained by Topeka Capital Markets with “Hold” on Wednesday, November 18. The stock has “Hold” rating given by Topeka Capital Markets on Friday, October 2. The firm has “Outperform” rating by RBC Capital Markets given on Tuesday, January 26. The stock has “Buy” rating given by M Partners on Thursday, January 28. The stock has “Hold” rating given by Topeka Capital Markets on Wednesday, January 6. Stifel Nicolaus maintained AMC Entertainment Holdings Inc (NYSE:AMC) rating on Monday, January 4. Stifel Nicolaus has “Buy” rating and $30 price target.
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 Q2 2016. 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.
Creative Planning holds 750 shares or 0% of its portfolio. Susquehanna Limited Liability Partnership accumulated 62,255 shares or 0% of the stock. The Wisconsin-based Convergence Prtn Ltd Liability Com has invested 0.05% in AMC Entertainment Holdings Inc (NYSE:AMC). Plante Moran Financial Advisors Limited Com has invested 0% of its portfolio in AMC Entertainment Holdings Inc (NYSE:AMC). Wellington Shields Cap Management Limited Com accumulated 20,250 shares or 0.09% of the stock. Voya Inv Management has invested 0.04% of its portfolio in AMC Entertainment Holdings Inc (NYSE:AMC). California State Teachers Retirement System last reported 0% of its portfolio in the stock. Tricadia Mngmt Ltd Com accumulated 3.14% or 336,709 shares. Denver Investment Ltd Liability holds 0.69% or 557,548 shares in its portfolio. Spark Investment Management Lc holds 67,300 shares or 0.17% of its portfolio. Morgan Stanley holds 156,514 shares or 0% of its portfolio. Bailard has 0.03% invested in the company for 9,000 shares. Moreover, Art Advisors Lc has 0.06% invested in AMC Entertainment Holdings Inc (NYSE:AMC) for 45,503 shares. Parametric Assoc Lc owns 124,426 shares or 0.01% of their US portfolio. Stifel holds 0% or 11,145 shares in its portfolio.
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. Announces Record First Quarter 2016 Results” and published on April 29, 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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