Exclusive: What’s in AMC Entertainment Holdings Inc After Reaching 52-Week High?

Exclusive: What's in AMC Entertainment Holdings Inc After Reaching 52 Week High?

The stock of AMC Entertainment Holdings Inc (NYSE:AMC) hit a new 52-week high and has $53.50 target or 59.00% above today’s $33.65 share price. The 5 months bullish chart indicates low risk for the $3.29 billion company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $53.50 price target is reached, the company will be worth $1.94 billion 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 207,530 shares traded hands. AMC Entertainment Holdings Inc (NYSE:AMC) has risen 18.13% since April 7, 2016 and is uptrending. It has outperformed by 13.35% 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. AMC Entertainment has been the topic of 17 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Wednesday, August 24 by Loop Capital. The stock has “Buy” rating given by Stifel Nicolaus on Tuesday, November 8. The stock of AMC Entertainment Holdings Inc (NYSE:AMC) has “Outperform” rating given on Friday, February 5 by Credit Suisse. On Thursday, June 16 the stock rating was upgraded by B. Riley & Co to “Buy”. The firm earned “Hold” rating on Friday, October 2 by Topeka Capital Markets. Topeka Capital Markets maintained AMC Entertainment Holdings Inc (NYSE:AMC) rating on Wednesday, January 6. Topeka Capital Markets has “Hold” rating and $26 price target. The stock of AMC Entertainment Holdings Inc (NYSE:AMC) earned “Hold” rating by Topeka Capital Markets on Wednesday, November 18. On Wednesday, July 22 the stock rating was upgraded by M Partners to “Buy”. The rating was upgraded by RBC Capital Markets to “Outperform” on Tuesday, January 26. As per Monday, June 13, the company rating was reinitiated by Credit Suisse.

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 increased, 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.
Comml Bank Of New York Mellon Corporation holds 0% of its portfolio in AMC Entertainment Holdings Inc (NYSE:AMC) for 204,604 shares. Rothschild Asset Mgmt accumulated 142,389 shares or 0.07% of the stock. Victory Inc has 0% invested in the company for 11,110 shares. Fifth Third Fincl Bank has invested 0.03% of its portfolio in AMC Entertainment Holdings Inc (NYSE:AMC). Advisory Services Networks Ltd reported 161 shares or 0% of all its holdings. The New York-based Morgan Stanley has invested 0% in AMC Entertainment Holdings Inc (NYSE:AMC). Geode Mgmt Lc accumulated 142,654 shares or 0% of the stock. Moreover, California Pub Employees Retirement System has 0% invested in AMC Entertainment Holdings Inc (NYSE:AMC) for 37,500 shares. The Manitoba – Canada-based Great West Life Assurance Communications Can has invested 0% in AMC Entertainment Holdings Inc (NYSE:AMC). Prudential has invested 0.01% of its portfolio in AMC Entertainment Holdings Inc (NYSE:AMC). The New York-based Goldman Sachs Grp Inc Inc has invested 0% in AMC Entertainment Holdings Inc (NYSE:AMC). Secor Advisors L P accumulated 0.14% or 39,982 shares. Moreover, Royal National Bank Of Canada has 0% invested in AMC Entertainment Holdings Inc (NYSE:AMC) for 139,032 shares. Susquehanna Intll Grp Inc Inc Ltd Liability Partnership, a Pennsylvania-based fund reported 62,255 shares. Rhumbline Advisers has 25,662 shares for 0% of their US portfolio.

More important recent AMC Entertainment Holdings Inc (NYSE:AMC) news were published by: Moodys.com which released: “Moody’s Publishes Covenant Quality Assessment for AMC Entertainment Holdings, Inc.” on October 28, 2016, also Businesswire.com published article titled: “AMC Entertainment Holdings, Inc. Announces $1.4 Billion Private Placement of …”, Wsj.com published: “AMC Entertainment Revenue Falls on Box Office Declines” on August 01, 2016. More interesting news about AMC Entertainment Holdings Inc (NYSE:AMC) was released by: Businesswire.com and their article: “AMC Entertainment Holdings, Inc. to Announce Third Quarter 2016 Results and …” with publication date: October 12, 2016.

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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