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Is AMC Entertainment Holdings Inc (AMC) a Buy? The Stock Rises Again

17 September 2017

More notable recent AMC Entertainment Holdings Inc (NYSE:AMC) news were published by: which released: "AMC completes $130M sale-leaseback deal" on September 14, 2017, also with their article: "Explosive growth for MoviePass" published on September 14, 2017, published: "AMC Q2: A "Buy" Despite Concerns" on August 21, 2017. The institutional investor owned 489,642 shares of the company's stock after selling 11,765 shares during the period. The correct version of this news story can be viewed at As of the end of the quarter Janus Capital Management LLC had acquired 8,318 shares growing its position 0.3%.

Presently AMC Entertainment Holdings, Inc.

AMC Entertainment Holdings (NYSE:AMC) last issued its earnings results on Friday, August 4th. Three Peaks Capital Management, LLC claims 596,325 shares valued at $13,566,000. Vanguard Group Inc. grew its stake in shares of AMC Entertainment Holdings by 59.8% in the first quarter. The value of the investment in (AMC) decreased from $81,082,000 to $76,043,000 decreasing 6.2% quarter to quarter. AMC Entertainment Holdings has a 12 month low of $12.05 and a 12 month high of $35.65. (NYSE AMC) traded up 5.61% during midday trading on Friday, reaching $16.95. On average, analysts predict that AMC Entertainment Holdings, Inc. will post ($1.02) earnings per share for the current fiscal year. The company's market capitalization is $2.10 billion. Over the last five days, shares have managed 16.3% gains and now is down -39.85% since hitting its 200-day moving average of $23.79. Scout Invests holds 0.01% of its portfolio in AMC Entertainment Holdings Inc (NYSE:AMC) for 7,232 shares. Sg Americas Lc owns 8,451 shares or 0% of their U.S. portfolio. Its revenue totaled $1.23 billion down -4.44% from the previous quarter. AMC Entertainment Holdings had a negative return on equity of 3.44% and a negative net margin of 2.49%. AMC Entertainment Holdings's revenue was up 57.3% on a year-over-year basis. The company reported ($1.35) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($1.41).

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The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 27th. The ex-dividend date of this dividend is Friday, September 8th.

On July 19 the company was downgraded to "Equal-Weight" from "Overweight" by analysts at Barclays. Shares repurchase plans are generally a sign that the company's board believes its shares are undervalued.

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In related news, CEO Adam M. Aron purchased 35,000 shares of the company's stock in a transaction that occurred on Thursday, September 14th. The total value of its holdings increased 214.5%. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. The stock was bought at an average cost of $12.50 per share, for a total transaction of $250,000.00. Pineview Asset Management Lp now holds 1,182,683 shares with a value of $26,906,000. The disclosure for this purchase can be found here. Volume is the basic fuel of the market since stocks move up or down in price only when shares are trading hands.

A number of other equities analysts have also issued reports on the stock. Finally, ValuEngine downgraded shares of AMC Entertainment Holdings from a "hold" rating to a "sell" rating in a research note on Thursday, August 3rd.

Asturias Capital LLC expanded its stake by buying 369,983 shares an increase of 56.0% as of 06/30/2017. Finally, Prudential Financial Inc. grew its stake in AMC Entertainment Holdings by 67.1% in the 1st quarter. A rating of 4 or 5 would represent a Sell recommendation. Wall Street is only getting more bullish on the stock, with 9 of analysts who cover AMC having a buy-equivalent rating. The company now has a consensus rating of "Hold" and an average target price of $28.76.

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