AMC Entertainment Holdings Inc (AMC) is Reiterated by MKM Partners to Buy, Raises Price Target to $ 35

AMC Entertainment Holdings Inc (AMC) was Reiterated by MKM Partners to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 35 from a previous price target of $33 . MKM Partners advised their investors in a research report released on Jul 25, 2016.

Many Wall Street Analysts have commented on AMC Entertainment Holdings Inc. Company shares were Reiterated by FBR Capital on May 12, 2016 to “Outperform”, Firm has raised the Price Target to $ 36 from a previous price target of $34 .

On the company’s financial health, AMC Entertainment Holdings Inc reported $0.27 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Apr 29, 2016. Analyst had a consensus of $0.20. The company had revenue of $766.00 million for the quarter, compared to analysts expectations of $765.34 million. The company’s revenue was up 17.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 EPS.

AMC Entertainment Holdings Inc closed down -0.43 points or -1.41% at $30.06 with 1,59,624 shares getting traded on Wednesday. Post opening the session at $30.43, the shares hit an intraday low of $30.04 and an intraday high of $30.52 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Mar 22, 2016, Adam M Aron (CEO) purchased 10,000 shares at $28.86 per share price. According to the SEC, on Mar 17, 2016, Howard Winchel Jr Koch (director) sold 2,000 shares at $29.08 per share price. On Mar 16, 2016, Stephen A Colanero (EVP, CHIEF MARKETING OFFICER) sold 1,250 shares at $29.12 per share price, according to the Form-4 filing with the securities and exchange commission.

AMC Entertainment Holdings Inc. is a holding company. The Company through its subsidiaries including AMC Entertainment Inc. (AMCE) and American Multi-Cinema Inc. (OpCo) is engaged in the theatrical exhibition business. The Company owns operates or holds interests in approximately 380 theatres with a total of over 5260 screens which are located in the United States. It offers a range of food and beverage items which include popcorn; soft drinks; candy; hot dogs; specialty drinks including premium beers wine and mixed drinks and made to order hot foods including menu choices such as curly fries chicken tenders and mozzarella sticks. The Company has implemented dine-in theatre concepts including AMC Red Kitchen at approximately 16 locations which features kitchen facilities seat-side servers and a separate bar and lounge area. The Company licenses first-run films from distributors owned by film production companies and from independent distributors.

AMC Entertainment Holdings Inc

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