B. Riley Analysts Give AMC Entertainment Holdings, Inc. (AMC) a $30.00 Price Target
A number of other analysts have also issued reports on the company. Credit Suisse Group dropped their target price on AMC Entertainment Holdings from $12.00 to $10.00 and set an underperform rating on the stock in a research report on Tuesday, November 7th. Wedbush reaffirmed a buy rating and set a $15.50 target price on shares of AMC Entertainment Holdings in a research report on Tuesday, November 7th. Zacks Investment Research lowered AMC Entertainment Holdings from a buy rating to a hold rating in a research report on Thursday, October 19th. MKM Partners reissued a buy rating and issued a $28.00 price objective on shares of AMC Entertainment Holdings in a report on Monday, September 18th. Finally, Citigroup Inc. reissued a buy rating and issued a $21.00 price objective (down from $30.00) on shares of AMC Entertainment Holdings in a report on Monday, September 11th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company’s stock. AMC Entertainment Holdings currently has a consensus rating of Hold and an average target price of $25.78.
Shares of AMC Entertainment Holdings (AMC) traded down $0.10 during midday trading on Tuesday, hitting $12.45. The stock had a trading volume of 2,675,000 shares, compared to its average volume of 2,273,307. AMC Entertainment Holdings has a twelve month low of $10.80 and a twelve month high of $35.65. The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.53 and a current ratio of 0.53.
AMC Entertainment Holdings (NYSE:AMC) last announced its earnings results on Monday, November 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.29) by ($0.04). AMC Entertainment Holdings had a negative return on equity of 6.20% and a negative net margin of 3.87%. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the previous year, the firm posted $0.31 earnings per share. The firm’s revenue was up 51.2% compared to the same quarter last year. equities research analysts anticipate that AMC Entertainment Holdings will post -1.28 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 18th. Stockholders of record on Monday, December 4th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 6.43%. The ex-dividend date of this dividend is Friday, December 1st. AMC Entertainment Holdings’s dividend payout ratio (DPR) is presently -62.50%.
AMC Entertainment Holdings declared that its board has approved a stock buyback plan on Thursday, August 3rd that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to purchase up to 58% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its shares are undervalued.
In other AMC Entertainment Holdings news, CEO Adam M. Aron acquired 35,000 shares of AMC Entertainment Holdings 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 completion of the transaction, the chief executive officer now owns 125,426 shares in the company, valued at approximately $1,980,476.54. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 stock was 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. 0.80% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Ameritas Investment Partners Inc. boosted its position in shares of AMC Entertainment Holdings by 8.3% during the second quarter. Ameritas Investment Partners Inc. now owns 4,845 shares of the company’s stock worth $110,000 after buying an additional 372 shares during the period. Seven Eight Capital LP acquired a new position in shares of AMC Entertainment Holdings during the second quarter worth approximately $125,000. Pacer Advisors Inc. boosted its position in shares of AMC Entertainment Holdings by 12.0% during the second quarter. Pacer Advisors Inc. now owns 5,600 shares of the company’s stock worth $127,000 after buying an additional 601 shares during the period. NJ State Employees Deferred Compensation Plan acquired a new position in shares of AMC Entertainment Holdings during the third quarter worth approximately $147,000. Finally, BNP Paribas Arbitrage SA boosted its position in shares of AMC Entertainment Holdings by 574.5% during the second quarter. BNP Paribas Arbitrage SA now owns 7,109 shares of the company’s stock worth $162,000 after buying an additional 6,055 shares during the period. Institutional investors and hedge funds own 46.75% 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.
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.