AMC Entertainment Holdings, Inc. (NYSE:AMC) Trading Down 1.2% on Analyst Downgrade

AMC Entertainment Holdings, Inc. (NYSE:AMC)’s share price dropped 1.2% on Thursday after ValuEngine downgraded the stock from a hold rating to a sell rating. The company traded as low as $15.15 and last traded at $15.03, with a volume of 2,932,593 shares. The stock had previously closed at $15.20.

A number of other equities analysts have also recently weighed in on AMC. Wedbush restated an “outperform” rating and set a $40.00 price objective on shares of AMC Entertainment Holdings in a research report on Tuesday, April 11th. Zacks Investment Research upgraded shares of AMC Entertainment Holdings from a “hold” rating to a “strong-buy” rating and set a $35.00 price objective for the company in a research report on Wednesday, April 12th. Barclays PLC upped their price objective on shares of AMC Entertainment Holdings from $30.00 to $36.00 and gave the stock an “overweight” rating in a research report on Monday, April 17th. FBR & Co restated a “buy” rating and set a $37.00 price objective on shares of AMC Entertainment Holdings in a research report on Friday, April 21st. Finally, B. Riley restated a “buy” rating and set a $49.50 price objective on shares of AMC Entertainment Holdings in a research report on Monday, May 1st. Three research analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $31.46.

In other AMC Entertainment Holdings news, SVP Kevin M. Connor bought 4,000 shares of AMC Entertainment Holdings stock in a transaction dated Thursday, June 8th. The stock was acquired at an average cost of $23.52 per share, for a total transaction of $94,080.00. Following the completion of the transaction, the senior vice president now directly owns 40,705 shares of the company’s stock, valued at $957,381.60. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Adam M. Aron bought 10,000 shares of AMC Entertainment Holdings stock in a transaction dated Friday, June 2nd. The stock was acquired at an average price of $24.72 per share, with a total value of $247,200.00. Following the completion of the transaction, the chief executive officer now directly owns 90,426 shares of the company’s stock, valued at $2,235,330.72. The disclosure for this purchase can be found here. 0.80% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the stock. Ameritas Investment Partners Inc. acquired a new stake in shares of AMC Entertainment Holdings during the first quarter worth approximately $141,000. Pacer Advisors Inc. purchased a new stake in AMC Entertainment Holdings during the first quarter valued at about $157,000. Great West Life Assurance Co. Can boosted its stake in AMC Entertainment Holdings by 241.8% in the first quarter. Great West Life Assurance Co. Can now owns 5,558 shares of the company’s stock valued at $174,000 after buying an additional 3,932 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in AMC Entertainment Holdings by 574.5% in the second quarter. BNP Paribas Arbitrage SA now owns 7,109 shares of the company’s stock valued at $162,000 after buying an additional 6,055 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in AMC Entertainment Holdings by 1,837.8% in the second quarter. Nisa Investment Advisors LLC now owns 7,170 shares of the company’s stock valued at $163,000 after buying an additional 6,800 shares during the last quarter. Institutional investors and hedge funds own 41.43% of the company’s stock.

The stock has a market capitalization of $2.12 billion, a PE ratio of 18.55 and a beta of 1.31. The stock has a 50 day moving average of $22.18 and a 200-day moving average of $27.80.

AMC Entertainment Holdings (NYSE:AMC) last released its quarterly earnings data on Monday, August 7th. The company reported ($1.35) EPS for the quarter, missing the consensus estimate of $0.06 by $1.41. AMC Entertainment Holdings had a return on equity of 6.52% and a net margin of 2.56%. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the prior year, the firm earned $0.24 earnings per share. AMC Entertainment Holdings’s quarterly revenue was up 57.3% on a year-over-year basis. On average, equities analysts predict that AMC Entertainment Holdings, Inc. will post ($1.03) EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Investors of record on Monday, September 11th will be given a $0.20 dividend. The ex-dividend date of this dividend is Friday, September 8th. This represents a $0.80 annualized dividend and a dividend yield of 4.92%. AMC Entertainment Holdings’s dividend payout ratio is presently 84.21%.

AMC Entertainment Holdings declared that its Board of Directors has authorized a stock repurchase plan on Thursday, August 3rd that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to buy up to 58% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its stock is undervalued.

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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.