AMC Entertainment Holdings, Inc. (NYSE:AMC) PT Lowered to $22.75 at Wedbush

2014 Box Office Admissions Lowest Since 1995

They set a "market perform" rating on the stock. Wedbush's price objective points to a potential upside of 9.38% from the company's current price. AMC Entertainment had 43 analyst reports since July 22, 2015 according to SRatingsIntel. AMC Entertainment Holdings now has an average rating of Hold and a consensus target price of $34.67. Credit Suisse Group cut their target price on shares of AMC Entertainment Holdings from $26.00 to $20.00 and set an "underperform" rating on the stock in a research report on Friday, June 23rd. Barclays PLC downgraded AMC Entertainment Holdings from an overweight rating to an equal weight rating and reduced their target price for the stock from $31.00 to $25.00 in a research report on Wednesday, July 19th.

AMC also expects to report a net loss for the second quarter between $178.5 million and $174.5 million compared to net earnings of $24.0 million in the same quarter a year ago. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the stock. If the $14.77 price target is reached, the company will be worth $145.60M less.

Shares are expected to open at $15.50 on Wednesday, after closing at $20.80 on Tuesday, extending a three month loss of 30% and a year-to-date decline of more than 60%. About 7.59M shares traded or 289.23% up from the average. The company's 50 day moving average price is $22.18 and its 200 day moving average price is $27.80. The company has market cap of $2.08 billion. Invesco invested 0% in AMC Entertainment Holdings Inc (NYSE:AMC).

TRADEMARK VIOLATION WARNING: This piece of content was posted by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this article on another website, it was copied illegally and republished in violation of USA & worldwide trademark & copyright laws. The legal version of this article can be viewed at https://www.chaffeybreeze.com/2017/08/02/amc-entertainment-holdings-inc-nyseamc-coverage-initiated-at-william-blair-updated.html. The shares were purchased at an average cost of $23.52 per share, for a total transaction of $94,080.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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On 6/2/2017 Adam M Aron, CEO, bought 10,000 with an average share price of $24.72 per share and the total transaction amounting to $247,200.00. Following the completion of the purchase, the chief executive officer now owns 90,426 shares of the company's stock, valued at $2,235,330.72. The disclosure for this purchase can be found here.

Several other large investors also recently made changes to their positions in the company. Wells Fargo & Company MN boosted its stake in AMC Entertainment Holdings by 70.4% in the first quarter. Alliancebernstein L.P. now owns 75,348 shares of the company's stock worth $2,370,000 after buying an additional 32,223 shares in the last quarter. Boston Advisors LLC now owns 162,900 shares of the company's stock valued at $5,123,000 after buying an additional 36,780 shares in the last quarter.

On 7/27/2016 AMC Entertainment Holdings announced a quarterly dividend of $0.20 2.73% with an ex dividend date of 9/1/2016 which will be payable on 9/19/2016. The Illinois-based Driehaus Capital has invested 3.53% in AMC Entertainment Holdings Inc (NYSE:AMC). The firm owned 30,779 shares of the company's stock after buying an additional 12,360 shares during the period. More interesting news about AMC Entertainment Holdings Inc (NYSE:AMC) were released by: Bizjournals.com and their article: "Debt pressure makes AMC parent a shell of its former self" published on August 01, 2017 as well as Businesswire.com's news article titled: "AMC Entertainment Holdings, Inc". Hedge funds and other institutional investors own 41.43% of the company's stock.

AMC's rough quarter highlights the emergence of an online world looking to the internet for entertainment, as well as box office busts like "Baywatch", "The Mummy" and "King Arthur" that failed to lure in crowds.

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