AMC Entertainment Holdings Inc (AMC) was Initiated by Loop Capital to “Buy” and the brokerage firm has set the Price Target at $35. Loop Capital advised their investors in a research report released on Aug 24, 2016.
Many Wall Street Analysts have commented on AMC Entertainment Holdings Inc. Company shares were Reiterated by FBR Capital on Jul 26, 2016 to “Outperform”, Firm has raised the Price Target to $ 40 from a previous price target of $36 .Company shares were Reiterated by MKM Partners on Jul 25, 2016 to “Buy”, Firm has raised the Price Target to $ 35 from a previous price target of $33 .
On the company’s financial health, AMC Entertainment Holdings Inc reported $0.24 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Aug 1, 2016. Analyst had a consensus of $0.25. The company had revenue of $764.00 million for the quarter, compared to analysts expectations of $774.70 million. The company’s revenue was down -7.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.45 EPS.
AMC Entertainment Holdings Inc opened for trading at $29.67 and hit $30.16 on the upside on Tuesday, eventually ending the session at $29.75, with a gain of 0.30% or 0.09 points. The heightened volatility saw the trading volume jump to 1,93,574 shares. Company has a market cap of $2,899 M.
Investors should note that on Jul 26, 2016, AMC Entertainment Holdings Inc announced a cash dividend of $0.2000. The company’s management has announced Sep 1, 2016 as the ex-dividend date and fixed the record date on Sep 6, 2016. The payable date has been fixed on Sep 19, 2016.
In a different news, on Aug 8, 2016, Adam M Aron (CEO) purchased 10,000 shares at $28.80 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.