AMC Entertainment Holdings, Inc. (AMC) Given Consensus Recommendation of “Hold” by Brokerages
AMC Entertainment Holdings, Inc. (NYSE:AMC) has received an average rating of “Hold” from the nineteen ratings firms that are currently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $28.56.
Several analysts recently issued reports on the company. Loop Capital reiterated a “buy” rating and issued a $33.00 price target (down from $39.00) on shares of AMC Entertainment Holdings in a report on Wednesday, August 2nd. Benchmark Co. downgraded AMC Entertainment Holdings from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. Zacks Investment Research upgraded AMC Entertainment Holdings from a “sell” rating to a “hold” rating in a report on Monday, June 26th. Piper Jaffray Companies set a $25.00 price target on AMC Entertainment Holdings and gave the company an “overweight” rating in a report on Sunday, August 6th. Finally, Credit Suisse Group lowered their price target on AMC Entertainment Holdings from $26.00 to $20.00 and set an “underperform” rating for the company in a report on Friday, June 23rd.
AMC Entertainment Holdings (NYSE AMC) opened at 13.60 on Tuesday. The firm’s market capitalization is $1.78 billion. AMC Entertainment Holdings has a 1-year low of $13.50 and a 1-year high of $35.65. The company’s 50-day moving average price is $19.93 and its 200 day moving average price is $26.61.
AMC Entertainment Holdings (NYSE:AMC) last announced its quarterly earnings results on Friday, August 4th. The company reported ($1.35) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by $1.41. AMC Entertainment Holdings had a negative net margin of 2.49% and a negative return on equity of 3.44%. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the prior year, the company posted $0.24 earnings per share. The firm’s revenue for the quarter was up 57.3% on a year-over-year basis. On average, equities analysts anticipate that AMC Entertainment Holdings will post ($1.04) EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 27th. Shareholders of record on Monday, September 11th will be issued a $0.20 dividend. The ex-dividend date is Friday, September 8th. This represents a $0.80 dividend on an annualized basis and a yield of 5.88%. AMC Entertainment Holdings’s dividend payout ratio is currently -125.00%.
AMC Entertainment Holdings announced that its board has authorized a share buyback plan on Thursday, August 3rd that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 58% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its stock is undervalued.
In other AMC Entertainment Holdings news, SVP Kevin M. Connor purchased 4,000 shares of the business’s stock in a transaction dated Thursday, June 8th. The shares were bought at an average price of $23.52 per share, with a total value of $94,080.00. Following the completion of the acquisition, the senior vice president now owns 40,705 shares in the company, valued at approximately $957,381.60. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Adam M. Aron purchased 10,000 shares of the business’s stock in a transaction dated Friday, June 2nd. The shares were acquired at an average cost of $24.72 per share, for a total transaction of $247,200.00. Following the acquisition, the chief executive officer now owns 90,426 shares of the company’s stock, valued at approximately $2,235,330.72. The disclosure for this purchase can be found here. Insiders own 0.80% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. bought a new position in AMC Entertainment Holdings during the fourth quarter worth approximately $275,000. Teachers Advisors LLC raised its position in AMC Entertainment Holdings by 42.5% in the fourth quarter. Teachers Advisors LLC now owns 49,693 shares of the company’s stock worth $1,672,000 after buying an additional 14,811 shares in the last quarter. Fox Run Management L.L.C. bought a new position in AMC Entertainment Holdings during the first quarter worth approximately $267,000. Boston Advisors LLC raised its position in AMC Entertainment Holdings by 29.2% in the first quarter. Boston Advisors LLC now owns 162,900 shares of the company’s stock worth $5,123,000 after buying an additional 36,780 shares in the last quarter. Finally, GW Henssler & Associates Ltd. bought a new position in AMC Entertainment Holdings during the first quarter worth approximately $524,000. 43.07% of the stock is currently owned by institutional investors.
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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. It operates through theatrical exhibition operations segment. It licenses first-run motion pictures from distributors owned by film production companies and from independent distributors.
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