Analysts Set AMC Entertainment Holdings Inc. (NYSE:AMC) PT at $31.82
AMC Entertainment Holdings Inc. (NYSE:AMC) has been given an average rating of “Buy” by the fourteen brokerages that are currently covering the stock. Two investment analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $31.82.
AMC has been the subject of a number of recent analyst reports. MKM Partners upped their price objective on shares of AMC Entertainment Holdings from $33.00 to $35.00 and gave the company a “buy” rating in a research report on Monday, July 25th. B. Riley reaffirmed a “buy” rating and issued a $37.00 target price on shares of AMC Entertainment Holdings in a research note on Monday, July 18th. FBR & Co reaffirmed a “buy” rating on shares of AMC Entertainment Holdings in a research note on Tuesday, August 2nd. Wedbush reaffirmed a “buy” rating and issued a $33.00 target price on shares of AMC Entertainment Holdings in a research note on Wednesday, August 3rd. Finally, Loop Capital assumed coverage on shares of AMC Entertainment Holdings in a research note on Tuesday, August 23rd. They issued a “buy” rating and a $35.00 target price for the company.
AMC Entertainment Holdings (NYSE:AMC) opened at 31.09 on Wednesday. The stock has a 50 day moving average price of $30.62 and a 200-day moving average price of $28.95. AMC Entertainment Holdings has a 1-year low of $19.28 and a 1-year high of $32.28. The company has a market capitalization of $3.03 billion, a price-to-earnings ratio of 28.79 and a beta of 1.57.
AMC Entertainment Holdings (NYSE:AMC) last released its quarterly earnings data on Monday, August 1st. The company reported $0.24 EPS for the quarter, missing the Zacks’ consensus estimate of $0.27 by $0.03. AMC Entertainment Holdings had a net margin of 3.53% and a return on equity of 6.83%. The firm earned $764 million during the quarter, compared to the consensus estimate of $772.99 million. During the same quarter in the prior year, the company earned $0.45 EPS. AMC Entertainment Holdings’s quarterly revenue was down 7.0% on a year-over-year basis. Equities analysts predict that AMC Entertainment Holdings will post $1.02 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, September 19th. Stockholders of record on Tuesday, September 6th were issued a $0.20 dividend. The ex-dividend date was Thursday, September 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.57%. AMC Entertainment Holdings’s payout ratio is 74.77%.
In other news, CEO Adam M. Aron bought 10,000 shares of the company’s stock in a transaction dated Monday, August 8th. The shares were bought at an average cost of $28.80 per share, with a total value of $288,000.00. Following the acquisition, the chief executive officer now owns 20,000 shares in the company, 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 currently owned by insiders.
Several large investors have recently modified their holdings of the stock. Picton Mahoney Asset Management purchased a new stake in shares of AMC Entertainment Holdings during the first quarter worth about $793,000. 1832 Asset Management L.P. boosted its position in AMC Entertainment Holdings by 5.4% in the first quarter. 1832 Asset Management L.P. now owns 477,933 shares of the company’s stock valued at $22,634,000 after buying an additional 24,486 shares in the last quarter. AXA bought a new position in AMC Entertainment Holdings during the first quarter valued at $238,000. Geode Capital Management LLC boosted its position in AMC Entertainment Holdings by 10.6% in the first quarter. Geode Capital Management LLC now owns 141,438 shares of the company’s stock valued at $3,958,000 after buying an additional 13,507 shares in the last quarter. Finally, A.R.T. Advisors LLC boosted its position in AMC Entertainment Holdings by 26.2% in the first quarter. A.R.T. Advisors LLC now owns 38,003 shares of the company’s stock valued at $1,063,000 after buying an additional 7,900 shares in the last quarter. 21.59% 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. The Company operates through theatrical exhibition operations segment.
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