AMC Entertainment Holdings Inc. (NYSE:AMC) – Equities researchers at FBR & Co lowered their Q3 2016 EPS estimates for AMC Entertainment Holdings in a research note issued to investors on Monday. FBR & Co analyst B. Crockett now forecasts that the firm will post earnings per share of $0.31 for the quarter, down from their previous estimate of $0.39. FBR & Co currently has a “Buy” rating on the stock. FBR & Co also issued estimates for AMC Entertainment Holdings’ FY2016 earnings at $1.23 EPS.

AMC Entertainment Holdings (NYSE:AMC) last posted its earnings results on Monday, August 1st. The company reported $0.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by $0.03. The firm earned $764 million during the quarter, compared to analyst estimates of $772.99 million. AMC Entertainment Holdings had a net margin of 3.53% and a return on equity of 6.83%. The firm’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same period last year, the company posted $0.45 EPS.

Earnings History and Estimates for AMC Entertainment Holdings (NYSE:AMC)

Several other research analysts have also commented on the company. Loop Capital started coverage on AMC Entertainment Holdings in a research report on Tuesday, August 23rd. They issued a “buy” rating and a $35.00 target price for the company. Zacks Investment Research lowered AMC Entertainment Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, July 19th. MKM Partners reiterated a “buy” rating and issued a $33.00 target price on shares of AMC Entertainment Holdings in a research report on Sunday, July 17th. B. Riley reiterated a “buy” rating and issued a $34.75 target price on shares of AMC Entertainment Holdings in a research report on Monday, June 27th. Finally, Wedbush reiterated a “buy” rating and issued a $33.00 target price on shares of AMC Entertainment Holdings in a research report on Wednesday, August 3rd. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. AMC Entertainment Holdings presently has a consensus rating of “Buy” and an average price target of $32.50.

Shares of AMC Entertainment Holdings (NYSE:AMC) opened at 31.90 on Tuesday. AMC Entertainment Holdings has a 12-month low of $19.28 and a 12-month high of $32.83. The firm has a 50-day moving average price of $31.13 and a 200 day moving average price of $29.14. The firm has a market cap of $3.10 billion, a price-to-earnings ratio of 29.54 and a beta of 1.56.

The firm also recently announced a quarterly dividend, which was paid on Monday, September 19th. Shareholders of record on Tuesday, September 6th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.51%. The ex-dividend date was Thursday, September 1st. AMC Entertainment Holdings’s payout ratio is currently 74.77%.

In other AMC Entertainment Holdings news, CEO Adam M. Aron bought 10,000 shares of the business’s stock in a transaction on Monday, August 8th. The shares were purchased at an average price of $28.80 per share, with a total value of $288,000.00. Following the purchase, the chief executive officer now directly owns 20,000 shares of the company’s stock, valued at $576,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.29% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Emerald Acquisition Ltd. acquired a new stake in shares of AMC Entertainment Holdings during the second quarter valued at $7,395,000. Vanguard Group Inc. increased its stake in shares of AMC Entertainment Holdings by 13.6% in the second quarter. Vanguard Group Inc. now owns 2,005,153 shares of the company’s stock valued at $55,362,000 after buying an additional 239,379 shares during the last quarter. Prudential Financial Inc. increased its stake in shares of AMC Entertainment Holdings by 1,290.9% in the second quarter. Prudential Financial Inc. now owns 191,250 shares of the company’s stock valued at $5,280,000 after buying an additional 177,500 shares during the last quarter. UBS Asset Management Americas Inc. increased its stake in shares of 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 valued at $14,166,000 after buying an additional 143,713 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of AMC Entertainment Holdings by 16.6% in the second quarter. Dimensional Fund Advisors LP now owns 848,227 shares of the company’s stock valued at $23,419,000 after buying an additional 120,769 shares during the last quarter. 21.59% of the stock is currently owned by hedge funds and other institutional investors.

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. The Company operates through theatrical exhibition operations segment.

5 Day Chart for NYSE:AMC

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