AMC Entertainment Holdings’ Lock-Up Period Set To End on June 16th (NYSE:AMC)
AMC Entertainment Holdings’ (NYSE:AMC) lock-up period is set to end on Monday, June 16th. AMC Entertainment Holdings had issued 18,421,053 shares in its IPO on December 18th, Analyst Ratings.Net reports. The total size of the offering was $331,578,954 based on an initial share price of $18.00. After the end of AMC Entertainment Holdings’ lock-up period, major shareholders and company insiders will be able to sell their shares of the company.
Several analysts have recently commented on the stock. Analysts at MKM Partners initiated coverage on shares of AMC Entertainment Holdings in a research note on Friday, June 6th. They set a “buy” rating and a $28.00 price target on the stock. Separately, analysts at B. Riley upgraded shares of AMC Entertainment Holdings from a “neutral” rating to a “buy” rating in a research note on Tuesday, May 27th. They now have a $28.00 price target on the stock, up previously from $25.50. Finally, analysts at B. Riley reiterated a “neutral” rating on shares of AMC Entertainment Holdings in a research note on Wednesday, April 30th. They now have a $25.50 price target on the stock. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $27.00.
AMC Entertainment Holdings (NYSE:AMC) traded up 0.74% on Wednesday, hitting $24.37. The stock had a trading volume of 13,182 shares. AMC Entertainment Holdings has a one year low of $18.81 and a one year high of $26.68. The stock has a 50-day moving average of $22.55 and a 200-day moving average of $22.25. The company has a market cap of $2.369 billion and a price-to-earnings ratio of 5.36.
AMC Entertainment Holdings (NYSE:AMC) last posted its quarterly earnings results on Tuesday, April 29th. The company reported ($0.05) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.02 by $0.07. The company had revenue of $622.80 million for the quarter, compared to the consensus estimate of $617.03 million. AMC Entertainment Holdings’s revenue was up 7.8% compared to the same quarter last year. On average, analysts predict that AMC Entertainment Holdings will post $0.93 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 16th. Stockholders of record on Friday, June 6th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.31%. The ex-dividend date is Wednesday, June 4th.
AMC Entertainment Holdings, Inc is a theatrical exhibition company. As of September 30, 2013, the Company owned, operated or held interests in 343 theatres with a total of 4,950 screens primarily in North America.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.