An issue of AMC Entertainment Holdings, Inc. (NYSE:AMC) debt rose 0.9% against its face value during trading on Tuesday. The high-yield debt issue has a 6.125% coupon and is set to mature on May 15, 2027. The bonds in the issue are now trading at $94.50 and were trading at $96.25 one week ago. Price moves in a company’s debt in credit markets often anticipate parallel moves in its share price.

Several brokerages have commented on AMC. B. Riley reaffirmed a “buy” rating and issued a $32.50 price target on shares of AMC Entertainment Holdings in a research report on Saturday, August 5th. Barrington Research reaffirmed an “outperform” rating and issued a $23.00 price target on shares of AMC Entertainment Holdings in a research report on Tuesday, August 8th. Loop Capital restated a “buy” rating and set a $33.00 price objective (down from $39.00) on shares of AMC Entertainment Holdings in a research report on Tuesday, August 8th. Royal Bank Of Canada lowered their price objective on AMC Entertainment Holdings from $30.00 to $22.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 8th. Finally, Wedbush restated a “buy” rating and set a $22.75 price objective (down from $36.00) on shares of AMC Entertainment Holdings in a research report on Tuesday, August 8th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $29.36.

Shares of AMC Entertainment Holdings, Inc. (AMC) traded down 1.215% during mid-day trading on Thursday, reaching $14.225. The company had a trading volume of 178,065 shares. AMC Entertainment Holdings, Inc. has a 12-month low of $12.05 and a 12-month high of $35.65. The firm’s 50 day moving average is $15.85 and its 200-day moving average is $24.41. The stock’s market capitalization is $1.86 billion.

AMC Entertainment Holdings (NYSE:AMC) last posted its quarterly earnings data on Friday, August 4th. The company reported ($1.35) EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by $1.41. AMC Entertainment Holdings had a negative return on equity of 3.44% and a negative net margin of 2.49%. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter last year, the business earned $0.24 EPS. AMC Entertainment Holdings’s revenue was up 57.3% on a year-over-year basis. On average, analysts expect that AMC Entertainment Holdings, Inc. will post ($1.03) earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 27th. Shareholders of record on Monday, September 11th will be paid a dividend of $0.20 per share. The ex-dividend date is Friday, September 8th. This represents a $0.80 dividend on an annualized basis and a yield of 5.56%. AMC Entertainment Holdings’s dividend payout ratio (DPR) is presently -125.00%.

AMC Entertainment Holdings declared that its board has approved a share buyback program on Thursday, August 3rd that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 58% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

In related news, Director Jack Qunyao Gao acquired 20,000 shares of the stock in a transaction on Friday, August 18th. The shares were purchased at an average price of $12.50 per share, for a total transaction of $250,000.00. Following the purchase, the director now directly owns 30,500 shares in the company, valued at $381,250. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.80% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Ameritas Investment Partners Inc. increased its stake in shares of AMC Entertainment Holdings by 8.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,845 shares of the company’s stock valued at $110,000 after purchasing an additional 372 shares during the last quarter. Seven Eight Capital LP bought a new position in shares of AMC Entertainment Holdings in the 2nd quarter valued at $125,000. Pacer Advisors Inc. increased its stake in shares of AMC Entertainment Holdings by 12.0% in the 2nd quarter. Pacer Advisors Inc. now owns 5,600 shares of the company’s stock valued at $127,000 after purchasing an additional 601 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of AMC Entertainment Holdings by 574.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,109 shares of the company’s stock valued at $162,000 after purchasing an additional 6,055 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in shares of AMC Entertainment Holdings by 1,837.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 7,170 shares of the company’s stock valued at $163,000 after purchasing an additional 6,800 shares during the last quarter. Institutional investors own 46.96% of the company’s stock.

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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. 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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