The stock of AMC Entertainment Holdings Inc (NYSE:AMC) hit a new 52-week high and has $50.86 target or 47.00% above today’s $34.60 share price. The 7 months bullish chart indicates low risk for the $3.37B company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $50.86 price target is reached, the company will be worth $1.58B 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 37,401 shares traded hands. AMC Entertainment Holdings Inc (NYSE:AMC) has risen 25.14% since April 15, 2016 and is uptrending. It has outperformed by 20.51% the S&P500.
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 $31.38 average target is -9.31% below today’s ($34.6) stock price. AMC Entertainment has been the topic of 17 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Thursday, May 12 by FBR Capital. Topeka Capital Markets maintained AMC Entertainment Holdings Inc (NYSE:AMC) on Wednesday, January 6 with “Hold” rating. Stifel Nicolaus maintained AMC Entertainment Holdings Inc (NYSE:AMC) rating on Monday, January 4. Stifel Nicolaus has “Buy” rating and $30 price target. The stock has “Buy” rating given by Loop Capital on Wednesday, August 24. The stock of AMC Entertainment Holdings Inc (NYSE:AMC) earned “Buy” rating by M Partners on Thursday, January 28. The firm has “Buy” rating given on Wednesday, July 22 by M Partners. Credit Suisse initiated the shares of AMC in a report on Friday, February 5 with “Outperform” rating. M Partners maintained AMC Entertainment Holdings Inc (NYSE:AMC) rating on Wednesday, October 21. M Partners has “Buy” rating and $40 price target. B. Riley & Co upgraded the stock to “Buy” rating in Thursday, June 16 report. Topeka Capital Markets maintained the stock with “Hold” rating in Wednesday, November 18 report.
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 improved, 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.
Moreover, Pinnacle Associate Ltd has 0.01% invested in AMC Entertainment Holdings Inc (NYSE:AMC) for 12,010 shares. California State Teachers Retirement Sys last reported 0% of its portfolio in the stock. Corbyn Md holds 2.51% or 279,012 shares in its portfolio. Spark Inv Ltd Limited Liability Company reported 67,300 shares or 0.17% of all its holdings. Renaissance Technologies Ltd accumulated 0.02% or 385,000 shares. Federated Inc Pa holds 123,400 shares or 0.01% of its portfolio. Chicago Equity Prns Ltd Co reported 20,860 shares or 0.02% of all its holdings. Allianz Asset Mgmt Ag has 53,906 shares for 0% of their US portfolio. Secor Advisors Limited Partnership, a New York-based fund reported 39,982 shares. Oppenheimer & holds 0.11% or 127,850 shares in its portfolio. Tricadia Cap Management Ltd holds 3.14% of its portfolio in AMC Entertainment Holdings Inc (NYSE:AMC) for 336,709 shares. New York State Common Retirement Fund holds 0% or 21,700 shares in its portfolio. Blackrock has 5,463 shares for 0% of their US portfolio. Gsa Capital Prtnrs Ltd Liability Partnership has 17,968 shares for 0.03% of their US portfolio. Hsbc Holdings Pcl owns 20,092 shares or 0% of their US portfolio.
More recent AMC Entertainment Holdings Inc (NYSE:AMC) news were published by: Businesswire.com which released: “AMC Entertainment Holdings, Inc. Previews Third Quarter 2016 Results” on October 24, 2016. Also Wsj.com published the news titled: “AMC Entertainment Revenue Falls on Box Office Declines” on August 01, 2016. Businesswire.com‘s news article titled: “AMC Entertainment Holdings, Inc. Announces $1.4 Billion Private Placement of …” with publication date: October 20, 2016 was also an interesting one.
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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