AMC Entertainment Holdings, Inc. (AMC) SVP Kevin M. Connor Buys 4,000 Shares
AMC Entertainment Holdings, Inc. (NYSE:AMC) SVP Kevin M. Connor purchased 4,000 shares of AMC Entertainment Holdings stock in a transaction dated Thursday, June 8th. The stock was acquired at an average price of $23.52 per share, for a total transaction of $94,080.00. Following the completion of the acquisition, the senior vice president now owns 40,705 shares of the company’s stock, valued at approximately $957,381.60. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.
AMC Entertainment Holdings, Inc. (NYSE AMC) traded up 2.49% during mid-day trading on Friday, hitting $24.65. The stock had a trading volume of 1,856,567 shares. The firm has a 50-day moving average of $25.76 and a 200-day moving average of $30.46. The stock has a market cap of $3.22 billion, a P/E ratio of 28.14 and a beta of 1.36. AMC Entertainment Holdings, Inc. has a 52-week low of $22.35 and a 52-week high of $35.65.
The business also recently declared a quarterly dividend, which will be paid on Monday, June 19th. Shareholders of record on Monday, June 5th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Thursday, June 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.25%. AMC Entertainment Holdings’s dividend payout ratio (DPR) is presently 84.21%.
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Several brokerages have recently weighed in on AMC. MKM Partners reiterated a “buy” rating and issued a $36.00 price target (down from $45.00) on shares of AMC Entertainment Holdings in a report on Friday, June 9th. Citigroup Inc. reduced their price objective on AMC Entertainment Holdings from $36.00 to $35.00 and set a “buy” rating on the stock in a report on Friday, June 9th. Zacks Investment Research downgraded AMC Entertainment Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, June 7th. TheStreet downgraded AMC Entertainment Holdings from a “b-” rating to a “c+” rating in a report on Friday, May 19th. Finally, B. Riley upgraded AMC Entertainment Holdings to a “buy” rating and set a $49.50 price objective on the stock in a report on Sunday, May 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company’s stock. AMC Entertainment Holdings currently has an average rating of “Buy” and a consensus price target of $37.44.
Institutional investors have recently made changes to their positions in the stock. Halcyon Management Partners LP bought a new position in shares of AMC Entertainment Holdings during the fourth quarter worth $1,904,000. Renaissance Technologies LLC raised its position in shares of AMC Entertainment Holdings by 104.2% in the fourth quarter. Renaissance Technologies LLC now owns 1,237,585 shares of the company’s stock worth $41,645,000 after buying an additional 631,385 shares during the period. Thompson Siegel & Walmsley LLC raised its position in shares of AMC Entertainment Holdings by 19.0% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 733,867 shares of the company’s stock worth $24,695,000 after buying an additional 117,246 shares during the period. ACT II Management LP raised its position in shares of AMC Entertainment Holdings by 34.8% in the fourth quarter. ACT II Management LP now owns 135,585 shares of the company’s stock worth $4,562,000 after buying an additional 35,000 shares during the period. Finally, Gamco Investors INC. ET AL bought a new position in shares of AMC Entertainment Holdings during the fourth quarter worth $599,000. Institutional investors own 41.00% 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. 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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