AMC Entertainment Holdings (AMC) Earns Daily News Sentiment Rating of 0.07
Headlines about AMC Entertainment Holdings (NYSE:AMC) have trended somewhat positive recently, Accern reports. The research group scores the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. AMC Entertainment Holdings earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 44.7251945806659 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news headlines that may have effected Accern’s analysis:
- AMC Entertainment Holdings, Inc. (AMC) Downgraded by Zacks Investment Research (americanbankingnews.com)
- US box office looks for September breakout – Seeking Alpha (seekingalpha.com)
- IKEA opening second Arizona store (finance.yahoo.com)
- AMC Entertainment Holdings, Inc. (AMC) Major Shareholder American Multi-Cinema, Inc. Sells 12,000,000 Shares (americanbankingnews.com)
- Analysts Alert: Amc Entertainment Holdings Inc (AMC) – Expert Gazette – ExpertGazette (expertgazette.com)
Shares of AMC Entertainment Holdings (AMC) traded up 0.63% during trading on Friday, hitting $15.90. 1,654,196 shares of the stock were exchanged. AMC Entertainment Holdings has a one year low of $12.05 and a one year high of $35.65. The stock’s 50 day moving average price is $14.45 and its 200 day moving average price is $23.38. The stock’s market cap is $2.08 billion.
AMC Entertainment Holdings (NYSE:AMC) last issued its quarterly earnings results on Friday, August 4th. The company reported ($1.35) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($1.41). AMC Entertainment Holdings had a negative net margin of 2.49% and a negative return on equity of 3.44%. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter last year, the firm posted $0.24 earnings per share. AMC Entertainment Holdings’s revenue was up 57.3% compared to the same quarter last year. Equities research analysts predict that AMC Entertainment Holdings will post ($1.02) EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 27th. Stockholders of record on Monday, September 11th will be issued a $0.20 dividend. The ex-dividend date is Friday, September 8th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.03%. AMC Entertainment Holdings’s dividend payout ratio (DPR) is -125.00%.
AMC Entertainment Holdings announced that its Board of Directors has authorized a share buyback plan on Thursday, August 3rd that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to purchase up to 58% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.
Several brokerages have commented on AMC. Zacks Investment Research lowered shares of AMC Entertainment Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, June 7th. Citigroup Inc. dropped their price target on shares of AMC Entertainment Holdings from $36.00 to $35.00 and set a “buy” rating on the stock in a research note on Friday, June 9th. 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 research note on Friday, June 9th. BidaskClub lowered shares of AMC Entertainment Holdings from a “sell” rating to a “strong sell” rating in a research note on Friday, June 23rd. Finally, Credit Suisse Group dropped their price target on shares of AMC Entertainment Holdings from $26.00 to $20.00 and set an “underperform” rating on the stock in a research note on Friday, June 23rd. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $28.23.
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In other news, CEO Adam M. Aron purchased 35,000 shares of the stock in a transaction dated Thursday, September 14th. The stock was acquired at an average cost of $15.79 per share, for a total transaction of $552,650.00. Following the acquisition, the chief executive officer now owns 125,426 shares of the company’s stock, valued at $1,980,476.54. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder American Multi-Cinema, Inc. sold 12,000,000 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $6.09, for a total value of $73,080,000.00. The disclosure for this sale can be found here. Insiders bought a total of 62,000 shares of company stock valued at $896,940 over the last quarter. Company insiders own 0.80% of the company’s stock.
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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