AMC Entertainment Holdings, Inc. (AMC) Receives Average Recommendation of “Hold” from Analysts
AMC Entertainment Holdings, Inc. (NYSE:AMC) has been assigned an average rating of “Hold” from the nineteen analysts that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $27.87.
Several analysts recently commented on the company. Barclays PLC set a $16.00 target price on AMC Entertainment Holdings and gave the company a “hold” rating in a report on Tuesday, August 29th. B. Riley reiterated a “buy” rating and issued a $32.50 target price on shares of AMC Entertainment Holdings in a report on Thursday, August 10th. Barrington Research reiterated an “outperform” rating and issued a $23.00 target price on shares of AMC Entertainment Holdings in a report on Tuesday, August 8th. Loop Capital reiterated a “buy” rating and issued a $33.00 target price (down from $39.00) on shares of AMC Entertainment Holdings in a report on Tuesday, August 8th. Finally, Royal Bank Of Canada reduced their target price on AMC Entertainment Holdings from $30.00 to $22.00 and set an “outperform” rating on the stock in a report on Tuesday, August 8th.
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In other AMC Entertainment Holdings news, Director Jack Qunyao Gao acquired 20,000 shares of AMC Entertainment Holdings stock in a transaction on Friday, August 18th. The stock was purchased at an average price of $12.50 per share, for a total transaction of $250,000.00. Following the purchase, the director now directly owns 30,500 shares of the company’s stock, valued at $381,250. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.80% of the stock is owned by corporate insiders.
A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in AMC Entertainment Holdings by 59.8% in the 1st quarter. Vanguard Group Inc. now owns 4,840,316 shares of the company’s stock valued at $152,228,000 after purchasing an additional 1,811,552 shares during the period. Schroder Investment Management Group grew its stake in AMC Entertainment Holdings by 409.9% in the 2nd quarter. Schroder Investment Management Group now owns 3,867,048 shares of the company’s stock valued at $91,456,000 after purchasing an additional 3,108,645 shares during the period. BlackRock Inc. grew its stake in AMC Entertainment Holdings by 46,484.0% in the 1st quarter. BlackRock Inc. now owns 3,352,184 shares of the company’s stock valued at $105,428,000 after purchasing an additional 3,344,988 shares during the period. Janus Henderson Group PLC bought a new position in AMC Entertainment Holdings in the 2nd quarter valued at $63,789,000. Finally, Janus Capital Management LLC grew its stake in AMC Entertainment Holdings by 0.3% in the 1st quarter. Janus Capital Management LLC now owns 2,417,897 shares of the company’s stock valued at $76,043,000 after purchasing an additional 8,318 shares during the period. Hedge funds and other institutional investors own 46.96% of the company’s stock.
AMC Entertainment Holdings (NYSE:AMC) opened at 13.35 on Friday. The company’s market cap is $1.75 billion. The stock has a 50 day moving average of $15.47 and a 200 day moving average of $24.25. AMC Entertainment Holdings has a 52 week low of $12.05 and a 52 week high of $35.65.
AMC Entertainment Holdings (NYSE:AMC) last announced its earnings results on Friday, August 4th. The company reported ($1.35) EPS for the quarter, missing the Thomson Reuters’ 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 the consensus estimate of $1.22 billion. During the same quarter in the previous year, the company earned $0.24 earnings per share. The business’s revenue was up 57.3% on a year-over-year basis. Equities research analysts predict that AMC Entertainment Holdings will post ($1.03) earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 27th. Shareholders of record on Monday, September 11th will be paid 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 5.99%. AMC Entertainment Holdings’s dividend payout ratio (DPR) is presently -125.00%.
AMC Entertainment Holdings declared that its Board of Directors has initiated a share repurchase plan on Thursday, August 3rd that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to buy up to 58% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.
About AMC Entertainment Holdings
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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