AMC Entertainment Holdings, Inc. (AMC) Given Average Recommendation of “Hold” by Analysts
Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) have been assigned a consensus recommendation of “Hold” from the nineteen brokerages that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $26.17.
A number of analysts have recently weighed in on the company. B. Riley reaffirmed a “buy” rating and set a $32.50 price objective on shares of AMC Entertainment Holdings in a research 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 restated a “buy” rating and set a $33.00 price target (down previously from $39.00) on shares of AMC Entertainment Holdings in a report on Tuesday, August 8th. Zacks Investment Research upgraded AMC Entertainment Holdings from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, Royal Bank Of Canada reduced their price target on AMC Entertainment Holdings from $30.00 to $22.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 8th.
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In related news, Director Jack Qunyao Gao purchased 7,000 shares of the stock in a transaction that occurred on Wednesday, August 16th. The shares were purchased at an average price of $13.47 per share, with a total value of $94,290.00. Following the completion of the acquisition, the director now directly owns 10,500 shares in the company, valued at approximately $141,435. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder American Multi-Cinema, Inc. sold 12,000,000 shares of the firm’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $6.09, for a total value of $73,080,000.00. The disclosure for this sale can be found here. In the last quarter, insiders acquired 62,000 shares of company stock valued at $896,940. 0.80% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Ameritas Investment Partners Inc. acquired a new stake in AMC Entertainment Holdings during the 1st quarter worth approximately $141,000. Pacer Advisors Inc. acquired a new position in shares of AMC Entertainment Holdings in the first quarter valued at approximately $157,000. Seven Eight Capital LP acquired a new position in shares of AMC Entertainment Holdings in the second quarter valued at approximately $125,000. Great West Life Assurance Co. Can increased its holdings in shares of AMC Entertainment Holdings by 241.8% in the first quarter. Great West Life Assurance Co. Can now owns 5,558 shares of the company’s stock valued at $174,000 after purchasing an additional 3,932 shares during the period. Finally, BNP Paribas Arbitrage SA increased its holdings in shares of AMC Entertainment Holdings by 574.5% in the second quarter. BNP Paribas Arbitrage SA now owns 7,109 shares of the company’s stock valued at $162,000 after purchasing an additional 6,055 shares during the period. 46.99% of the stock is owned by hedge funds and other institutional investors.
AMC Entertainment Holdings (NYSE AMC) opened at 15.90 on Wednesday. The company’s market capitalization is $2.08 billion. The stock’s 50 day moving average is $14.34 and its 200-day moving average is $22.32. AMC Entertainment Holdings has a 1-year low of $12.05 and a 1-year high of $35.65.
AMC Entertainment Holdings (NYSE:AMC) last announced its quarterly earnings data on Friday, August 4th. The company reported ($1.35) earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter last year, the firm posted $0.24 EPS. The company’s revenue for the quarter was up 57.3% on a year-over-year basis. On average, analysts expect that AMC Entertainment Holdings will post ($1.02) earnings per share for the current fiscal year.
AMC Entertainment Holdings announced that its Board of Directors has authorized a share buyback plan on Thursday, August 3rd that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to buy up to 58% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 27th. Investors of record on Monday, September 11th were paid a dividend of $0.20 per share. The ex-dividend date was Friday, September 8th. This represents a $0.80 dividend on an annualized basis and a yield of 5.03%. AMC Entertainment Holdings’s dividend payout ratio is presently -125.00%.
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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