AMC Entertainment Holdings, Inc. (NYSE:AMC) – Wedbush lowered their Q2 2017 earnings per share (EPS) estimates for AMC Entertainment Holdings in a research report issued on Monday. Wedbush analyst M. Pachter now expects that the company will earn $0.20 per share for the quarter, down from their previous forecast of $0.37. Wedbush currently has a “Outperform” rating and a $40.00 target price on the stock. Wedbush also issued estimates for AMC Entertainment Holdings’ Q3 2017 earnings at $0.13 EPS, Q4 2017 earnings at $0.56 EPS, FY2017 earnings at $0.97 EPS, Q2 2018 earnings at $0.30 EPS, Q3 2018 earnings at $0.21 EPS and FY2018 earnings at $1.41 EPS.
Several other research analysts also recently commented on the stock. Zacks Investment Research downgraded shares of AMC Entertainment Holdings from a “strong-buy” rating to a “hold” rating in a report on Monday, May 1st. Barclays PLC raised their price target on shares of AMC Entertainment Holdings from $30.00 to $36.00 and gave the company an “overweight” rating in a report on Monday, April 17th. FBR & Co reissued a “buy” rating and issued a $37.00 price target on shares of AMC Entertainment Holdings in a report on Friday, April 21st. TheStreet downgraded shares of AMC Entertainment Holdings from a “b-” rating to a “c+” rating in a report on Friday, May 19th. Finally, MKM Partners reissued a “buy” rating and issued a $36.00 price target (down from $45.00) on shares of AMC Entertainment Holdings in a report on Friday, June 9th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the company’s stock. AMC Entertainment Holdings has an average rating of “Buy” and an average price target of $36.67.
Shares of AMC Entertainment Holdings (AMC) opened at 22.30 on Wednesday. The company has a market capitalization of $2.92 billion, a PE ratio of 25.46 and a beta of 1.35. AMC Entertainment Holdings has a 1-year low of $21.25 and a 1-year high of $35.65. The firm’s 50-day moving average price is $24.27 and its 200 day moving average price is $29.84.
The firm also recently declared a quarterly dividend, which was paid on Monday, June 19th. Shareholders of record on Monday, June 5th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.59%. The ex-dividend date of this dividend was Thursday, June 1st. AMC Entertainment Holdings’s dividend payout ratio is presently 84.21%.
In other news, CEO Adam M. Aron acquired 10,000 shares of the firm’s stock in a transaction on Friday, June 2nd. The shares were purchased at an average price of $24.72 per share, for a total transaction of $247,200.00. Following the completion of the transaction, the chief executive officer now owns 90,426 shares of the company’s stock, valued at $2,235,330.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Kevin M. Connor acquired 4,000 shares of the firm’s stock in a transaction on Thursday, June 8th. The stock was purchased at an average price of $23.52 per share, for a total transaction of $94,080.00. Following the transaction, the senior vice president now directly owns 40,705 shares of the company’s stock, valued at approximately $957,381.60. The disclosure for this purchase can be found here. Insiders own 0.80% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the stock. Croft Leominster Inc. boosted its position in AMC Entertainment Holdings by 36.1% in the first quarter. Croft Leominster Inc. now owns 11,300 shares of the company’s stock worth $355,000 after buying an additional 3,000 shares during the last quarter. 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. Ameritas Investment Partners Inc. purchased a new position in AMC Entertainment Holdings during the first quarter worth about $141,000. Pacer Advisors Inc. purchased a new position in AMC Entertainment Holdings during the first quarter worth about $157,000. Finally, SG Americas Securities LLC boosted its position in AMC Entertainment Holdings by 62.0% in the first quarter. SG Americas Securities LLC now owns 13,688 shares of the company’s stock worth $430,000 after buying an additional 5,237 shares during the last quarter. Hedge funds and other institutional investors own 41.00% of the company’s stock.
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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