AMC Entertainment Holdings, Inc. (NYSE:AMC) Director Jack Qunyao Gao bought 20,000 shares of AMC Entertainment Holdings stock in a transaction that occurred on Friday, August 18th. The shares were acquired at an average price of $12.50 per share, with a total value of $250,000.00. Following the acquisition, the director now directly owns 30,500 shares of the company’s stock, valued at approximately $381,250. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Jack Qunyao Gao also recently made the following trade(s):

  • On Wednesday, August 16th, Jack Qunyao Gao bought 7,000 shares of AMC Entertainment Holdings stock. The shares were acquired at an average price of $13.47 per share, with a total value of $94,290.00.

AMC Entertainment Holdings, Inc. (AMC) traded down 1.14% during mid-day trading on Friday, reaching $13.00. 7,111,452 shares of the company’s stock traded hands. AMC Entertainment Holdings, Inc. has a 12 month low of $12.05 and a 12 month high of $35.65. The stock’s market cap is $1.70 billion. The company has a 50 day moving average price of $19.04 and a 200-day moving average price of $26.27.

AMC Entertainment Holdings (NYSE:AMC) last posted its quarterly earnings data on Friday, August 4th. The company reported ($1.35) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.06 by $1.41. The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.22 billion. AMC Entertainment Holdings had a negative return on equity of 3.44% and a negative net margin of 2.49%. AMC Entertainment Holdings’s revenue was up 57.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.24 earnings per share. On average, analysts anticipate that AMC Entertainment Holdings, Inc. will post ($1.01) EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 27th. Shareholders of record on Monday, September 11th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 6.15%. The ex-dividend date of this dividend is Friday, September 8th. AMC Entertainment Holdings’s dividend payout ratio is -125.00%.

AMC Entertainment Holdings declared that its Board of Directors has authorized a share buyback program on Thursday, August 3rd that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 58% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

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AMC has been the subject of several recent research reports. FBR & Co restated a “buy” rating and set a $37.00 target price on shares of AMC Entertainment Holdings in a report on Friday, April 21st. Wedbush restated an “outperform” rating and set a $40.00 target price on shares of AMC Entertainment Holdings in a report on Monday, April 24th. B. Riley restated a “buy” rating and set a $49.50 target price on shares of AMC Entertainment Holdings in a report on Monday, May 1st. Zacks Investment Research cut shares of AMC Entertainment Holdings from a “strong-buy” rating to a “hold” rating in a report on Monday, May 1st. Finally, TheStreet cut shares of AMC Entertainment Holdings from a “b-” rating to a “c+” rating in a report on Friday, May 19th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $29.96.

Several institutional investors have recently modified their holdings of AMC. Swiss National Bank increased its position in shares of AMC Entertainment Holdings by 100.8% in the first quarter. Swiss National Bank now owns 85,641 shares of the company’s stock worth $2,693,000 after buying an additional 43,000 shares during the period. Bank of New York Mellon Corp increased its position in shares of AMC Entertainment Holdings by 35.7% in the first quarter. Bank of New York Mellon Corp now owns 440,593 shares of the company’s stock worth $13,856,000 after buying an additional 115,861 shares during the period. Falcon Point Capital LLC bought a new position in shares of AMC Entertainment Holdings during the first quarter worth $10,354,000. American Century Companies Inc. increased its position in shares of AMC Entertainment Holdings by 15.5% in the first quarter. American Century Companies Inc. now owns 202,246 shares of the company’s stock worth $6,361,000 after buying an additional 27,140 shares during the period. Finally, Stoneridge Investment Partners LLC bought a new position in shares of AMC Entertainment Holdings during the first quarter worth $1,698,000. 43.07% of the stock is currently 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. 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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