Wedbush reissued their outperform rating on shares of AMC Entertainment Holdings Inc. (NYSE:AMC) in a research report report published on Wednesday morning. They currently have a $33.00 price target on the stock.
Other analysts have also recently issued research reports about the company. B. Riley restated a buy rating and set a $37.00 target price on shares of AMC Entertainment Holdings in a report on Monday, July 18th. Credit Suisse Group AG restated an outperform rating and set a $34.00 target price on shares of AMC Entertainment Holdings in a report on Sunday, June 12th. FBR & Co increased their target price on AMC Entertainment Holdings from $36.00 to $40.00 and gave the stock an outperform rating in a report on Tuesday, July 26th. MKM Partners increased their target price on AMC Entertainment Holdings from $33.00 to $35.00 and gave the stock a buy rating in a report on Monday, July 25th. Finally, Topeka Capital Markets decreased their price target on AMC Entertainment Holdings from $27.00 to $26.00 and set a hold rating on the stock in a report on Wednesday, June 1st. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $32.50.
AMC Entertainment Holdings (NYSE:AMC) opened at 31.33 on Wednesday. The stock has a market cap of $3.05 billion, a PE ratio of 29.01 and a beta of 1.57. The firm’s 50-day moving average price is $30.35 and its 200 day moving average price is $28.88. AMC Entertainment Holdings has a 1-year low of $19.28 and a 1-year high of $32.28.
AMC Entertainment Holdings (NYSE:AMC) last announced its earnings results on Monday, August 1st. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.27 by $0.03. The business had revenue of $764 million for the quarter, compared to the consensus estimate of $772.99 million. AMC Entertainment Holdings had a return on equity of 6.83% and a net margin of 3.53%. AMC Entertainment Holdings’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.45 EPS. Equities research analysts expect that AMC Entertainment Holdings will post $1.02 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 19th. Investors of record on Tuesday, September 6th were given a $0.20 dividend. The ex-dividend date was Thursday, September 1st. This represents a $0.80 annualized dividend and a dividend yield of 2.55%. AMC Entertainment Holdings’s dividend payout ratio is presently 74.77%.
In other AMC Entertainment Holdings news, CEO Adam M. Aron acquired 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 8th. The stock was acquired at an average cost of $28.80 per share, for a total transaction of $288,000.00. Following the transaction, the chief executive officer now owns 20,000 shares of the company’s stock, valued at $576,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.29% of the stock is owned by corporate insiders.
Several institutional investors have recently modified their holdings of AMC. Emerald Acquisition Ltd. acquired a new position in shares of AMC Entertainment Holdings during the second quarter valued at about $7,395,000. Vanguard Group Inc. increased its position in AMC Entertainment Holdings by 13.6% in the second quarter. Vanguard Group Inc. now owns 2,005,153 shares of the company’s stock worth $55,362,000 after buying an additional 239,379 shares during the period. Prudential Financial Inc. increased its position in AMC Entertainment Holdings by 1,290.9% in the second quarter. Prudential Financial Inc. now owns 191,250 shares of the company’s stock worth $5,280,000 after buying an additional 177,500 shares during the period. UBS Asset Management Americas Inc. increased its position in AMC Entertainment Holdings by 38.9% in the second quarter. UBS Asset Management Americas Inc. now owns 513,055 shares of the company’s stock worth $14,166,000 after buying an additional 143,713 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in AMC Entertainment Holdings by 16.6% in the second quarter. Dimensional Fund Advisors LP now owns 848,227 shares of the company’s stock worth $23,419,000 after buying an additional 120,769 shares during the period. Institutional investors and hedge funds own 21.59% of the company’s stock.
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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