AMC Entertainment Holdings Inc. (AMC) Receives Outperform Rating from Wedbush
AMC Entertainment Holdings Inc. (NYSE:AMC)‘s stock had its “outperform” rating reissued by equities researchers at Wedbush in a research report issued on Wednesday. They currently have a $33.00 price objective on the stock. Wedbush’s price objective points to a potential upside of 3.87% from the stock’s previous close.
Several other equities analysts also recently issued reports on the stock. Loop Capital began coverage on shares of AMC Entertainment Holdings in a research note on Tuesday, August 23rd. They issued a “buy” rating and a $35.00 price objective for the company. B. Riley reiterated a “buy” rating and set a $37.00 target price on shares of AMC Entertainment Holdings in a research note on Friday, August 5th. FBR & Co reiterated a “buy” rating on shares of AMC Entertainment Holdings in a research note on Tuesday, August 2nd. Zacks Investment Research upgraded shares of AMC Entertainment Holdings from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 2nd. Finally, MKM Partners increased their target price on shares of AMC Entertainment Holdings from $33.00 to $35.00 and gave the stock a “buy” rating in a research note on Monday, July 25th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. AMC Entertainment Holdings presently has a consensus rating of “Buy” and a consensus price target of $32.50.
Shares of AMC Entertainment Holdings (NYSE:AMC) opened at 31.77 on Wednesday. The stock has a market capitalization of $3.09 billion, a price-to-earnings ratio of 29.42 and a beta of 1.57. The firm’s 50-day moving average price is $30.07 and its 200 day moving average price is $28.82. AMC Entertainment Holdings has a 1-year low of $19.28 and a 1-year high of $32.28.
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AMC Entertainment Holdings (NYSE:AMC) last released its quarterly earnings data on Monday, August 1st. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by $0.03. AMC Entertainment Holdings had a net margin of 3.53% and a return on equity of 6.83%. The company earned $764 million during the quarter, compared to analyst estimates of $772.99 million. During the same quarter in the prior year, the company earned $0.45 EPS. The business’s revenue was down 7.0% on a year-over-year basis. Equities research analysts expect that AMC Entertainment Holdings will post $1.02 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, September 19th. Shareholders of record on Tuesday, September 6th were issued a $0.20 dividend. The ex-dividend date was Thursday, September 1st. This represents a $0.80 dividend on an annualized basis and a yield of 2.52%. AMC Entertainment Holdings’s dividend payout ratio (DPR) is presently 74.77%.
In related news, CEO Adam M. Aron bought 10,000 shares of the company’s stock in a transaction on Monday, August 8th. The stock was bought at an average cost of $28.80 per share, with a total value of $288,000.00. Following the completion of the acquisition, the chief executive officer now owns 20,000 shares in the company, valued at approximately $576,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.29% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. AXA bought a new position in shares of AMC Entertainment Holdings during the first quarter worth about $238,000. SECOR Capital Advisors LP boosted its position in shares of AMC Entertainment Holdings by 225.5% in the second quarter. SECOR Capital Advisors LP now owns 39,982 shares of the company’s stock worth $1,104,000 after buying an additional 27,698 shares during the period. Oppenheimer & Co. Inc. boosted its position in shares of AMC Entertainment Holdings by 31.3% in the second quarter. Oppenheimer & Co. Inc. now owns 127,850 shares of the company’s stock worth $3,530,000 after buying an additional 30,450 shares during the period. 1832 Asset Management L.P. boosted its position in shares of AMC Entertainment Holdings by 5.4% in the first quarter. 1832 Asset Management L.P. now owns 477,933 shares of the company’s stock worth $22,634,000 after buying an additional 24,486 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in shares of AMC Entertainment Holdings by 0.9% in the second quarter. Ameriprise Financial Inc. now owns 1,426,403 shares of the company’s stock worth $39,382,000 after buying an additional 12,495 shares during the period. 21.59% of the stock is owned by institutional investors.
AMC Entertainment Holdings Company Profile
AMC Entertainment Holdings, Inc 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 Company operates through theatrical exhibition operations segment.
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