AMC Entertainment Holdings, Inc. (NYSE:AMC) – Stock analysts at Barrington Research cut their Q2 2017 earnings per share estimates for AMC Entertainment Holdings in a research report issued to clients and investors on Wednesday. Barrington Research analyst J. Goss now anticipates that the company will post earnings per share of ($0.04) for the quarter, down from their previous estimate of $0.03.
Several other analysts also recently weighed in on the company. Zacks Investment Research downgraded AMC Entertainment Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday. Loop Capital reiterated a “buy” rating and set a $39.00 price target on shares of AMC Entertainment Holdings in a research note on Monday. BidaskClub downgraded AMC Entertainment Holdings from a “sell” rating to a “strong sell” rating in a research note on Friday, June 23rd. Credit Suisse Group dropped their price target on 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. Finally, MKM Partners reiterated a “buy” rating and set a $36.00 price target (down previously from $45.00) on shares of AMC Entertainment Holdings in a research note on Friday, June 9th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $36.67.
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AMC Entertainment Holdings (AMC) opened at 22.15 on Friday. AMC Entertainment Holdings has a 12-month low of $21.25 and a 12-month high of $35.65. The company has a market cap of $2.90 billion, a P/E ratio of 25.29 and a beta of 1.35. The firm has a 50-day moving average price of $24.27 and a 200-day moving average price of $29.84.
A number of institutional investors have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. acquired a new position in AMC Entertainment Holdings during the first quarter worth $141,000. Pacer Advisors Inc. acquired a new position in AMC Entertainment Holdings during the first quarter worth $157,000. Great West Life Assurance Co. Can boosted its position 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 worth $174,000 after buying an additional 3,932 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in AMC Entertainment Holdings during the fourth quarter worth $275,000. Finally, Fox Run Management L.L.C. acquired a new position in AMC Entertainment Holdings during the first quarter worth $267,000. 41.00% of the stock is owned by institutional investors.
In related news, CEO Adam M. Aron acquired 10,000 shares of the firm’s 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 acquisition, the chief executive officer now directly owns 90,426 shares in the company, valued at approximately $2,235,330.72. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Kevin M. Connor acquired 4,000 shares of the firm’s stock in a transaction dated Thursday, June 8th. The stock was bought at an average cost of $23.52 per share, with a total value of $94,080.00. Following the acquisition, the senior vice president now owns 40,705 shares in the company, valued at $957,381.60. The disclosure for this purchase can be found here. Insiders own 0.80% of the company’s stock.
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 19th. Stockholders of record on Monday, June 5th were issued a $0.20 dividend. The ex-dividend date was Thursday, June 1st. This represents a $0.80 annualized dividend and a dividend yield of 3.61%. AMC Entertainment Holdings’s dividend payout ratio (DPR) is presently 84.21%.
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.
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