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%.

COPYRIGHT VIOLATION WARNING: This piece was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece on another website, it was illegally copied and reposted in violation of international trademark & copyright legislation. The correct version of this piece can be accessed at https://www.thecerbatgem.com/2017/06/16/amc-entertainment-holdings-inc-amc-svp-kevin-m-connor-purchases-4000-shares-of-stock-updated.html.

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.

Receive News & Stock Ratings for AMC Entertainment Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMC Entertainment Holdings Inc. and related stocks with our FREE daily email newsletter.