New Rating issued on AMC Entertainment Holdings Inc (AMC): Downgraded by Credit Suisse to ” Underperform”

AMC Entertainment Holdings Inc (AMC) was Downgraded by Credit Suisse to ” Underperform”. Earlier the firm had a rating of “Neutral ” on the company shares. Credit Suisse advised their Clients and Investors in a research report released on Mar 15, 2017.

Based on several research reports , AMC Entertainment Holdings Inc was Downgraded by Credit Suisse to ” Underperform” on Mar 15, 2017. AMC Entertainment Holdings Inc was Downgraded by Credit Suisse to ” Neutral” on Feb 1, 2017. Company shares were Reiterated by RBC Capital Mkts on Jan 20, 2017 to “Outperform”, Firm has raised the Price Target to $ 40 from a previous price target of $34 .Shares were Downgraded by FBR & Co. on Jan 4, 2017 to ” Mkt Perform” and Lowered the Price Target to $ 35 from a previous price target of $38 .Shares were Reiterated by FBR & Co. on Dec 21, 2016 to “Outperform” and Lowered the Price Target to $ 38 from a previous price target of $39 .

Several company insiders have filed Insider transactions , on Feb 13, 2017, Adam M Aron (CEO) purchased 31,747 shares at $31.50 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.

On the company’s financial health, AMC Entertainment Holdings Inc reported $0.33 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on Feb 28, 2017. Analyst had a consensus of $0.21. The company had revenue of $926.10 million for the quarter, compared to analysts expectations of $808.64 million. The company’s revenue was up 18.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS.

AMC Entertainment Holdings Inc closed down -0.45 points or -1.47% at $30.1 with 11,87,678 shares getting traded on Wednesday. Post opening the session at $30, the shares hit an intraday low of $29.5493 and an intraday high of $30.375 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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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