Shares of AMC Entertainment Holdings Inc. (NYSE:AMC) hit a new 52-week high during mid-day trading on Thursday after Benchmark raised their price target on the stock from $36.40 to $41.09. Benchmark currently has a buy rating on the stock. AMC Entertainment Holdings traded as high as $35.55 and last traded at $35.53, with a volume of 131,512 shares changing hands. The stock had previously closed at $34.50.

AMC has been the topic of a number of other reports. B. Riley reissued a “buy” rating and issued a $40.00 price objective on shares of AMC Entertainment Holdings in a research report on Sunday. Wedbush reissued an “outperform” rating and issued a $33.00 price objective on shares of AMC Entertainment Holdings in a research report on Monday, July 25th. Zacks Investment Research raised shares of AMC Entertainment Holdings from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 2nd. Stifel Nicolaus increased their price objective on shares of AMC Entertainment Holdings from $32.00 to $36.00 and gave the stock a “buy” rating in a research report on Tuesday, November 8th. Finally, FBR & Co increased their price objective on shares of AMC Entertainment Holdings from $36.00 to $40.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 26th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $33.85.

A number of institutional investors have recently modified their holdings of AMC. Janus Capital Management LLC increased its position in shares of AMC Entertainment Holdings by 1.6% in the second quarter. Janus Capital Management LLC now owns 2,369,906 shares of the company’s stock worth $65,433,000 after buying an additional 36,587 shares in the last quarter. Vanguard Group Inc. increased its position 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 worth $55,362,000 after buying an additional 239,379 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of AMC Entertainment Holdings by 0.9% in the second quarter. Ameriprise Financial Inc. now owns 1,426,403 shares of the company’s stock worth $39,382,000 after buying an additional 12,495 shares in the last quarter. 1832 Asset Management L.P. increased its position in shares of AMC Entertainment Holdings by 158.4% in the third quarter. 1832 Asset Management L.P. now owns 1,403,514 shares of the company’s stock worth $43,237,000 after buying an additional 860,447 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position 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 worth $23,419,000 after buying an additional 120,769 shares in the last quarter. Institutional investors and hedge funds own 21.05% of the company’s stock.

The firm has a market cap of $3.45 billion, a PE ratio of 28.02 and a beta of 1.54. The stock’s 50-day moving average price is $32.02 and its 200-day moving average price is $29.91.

AMC Entertainment Holdings (NYSE:AMC) last posted its quarterly earnings results on Monday, November 7th. The company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.08. The firm had revenue of $779.77 million for the quarter, compared to analyst estimates of $781.56 million. AMC Entertainment Holdings had a net margin of 4.02% and a return on equity of 7.95%. AMC Entertainment Holdings’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.14 earnings per share. Analysts predict that AMC Entertainment Holdings Inc. will post $1.03 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 19th. Investors of record on Monday, December 5th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, December 1st. This represents a $0.80 dividend on an annualized basis and a yield of 2.32%. AMC Entertainment Holdings’s payout ratio is presently 63.49%.

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.

5 Day Chart for NYSE:AMC

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