AMC Entertainment Holdings Inc. (AMC) Stock Price Down 0%
AMC Entertainment Holdings Inc. (NYSE:AMC) fell 0% during trading on Friday . The stock traded as low as $27.50 and last traded at $27.59, with a volume of 138,509 shares. The stock had previously closed at $27.59.
Several research firms have recently commented on AMC. B. Riley cut AMC Entertainment Holdings to a “buy” rating and set a $34.75 price target for the company. in a research note on Tuesday, June 21st. Credit Suisse Group AG reiterated an “outperform” rating and issued a $34.00 price objective on shares of AMC Entertainment Holdings in a research report on Sunday, June 12th. Topeka Capital Markets increased their price objective on AMC Entertainment Holdings from $25.00 to $27.00 and gave the stock a “hold” rating in a research report on Wednesday, April 6th. FBR & Co increased their price objective on AMC Entertainment Holdings from $34.00 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday, May 12th. Finally, Wedbush reiterated an “outperform” rating and issued a $33.00 price objective on shares of AMC Entertainment Holdings in a research report on Thursday, April 21st. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. AMC Entertainment Holdings currently has a consensus rating of “Buy” and a consensus target price of $31.52.
The stock has a market cap of $2.68 billion and a P/E ratio of 21.47. The firm’s 50 day moving average is $27.66 and its 200-day moving average is $25.96.
AMC Entertainment Holdings (NYSE:AMC) last released its quarterly earnings data on Friday, April 29th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.08. During the same quarter in the prior year, the firm earned $0.06 EPS. The company had revenue of $766 million for the quarter, compared to analyst estimates of $769.30 million. The company’s revenue for the quarter was up 17.3% compared to the same quarter last year. On average, equities research analysts forecast that AMC Entertainment Holdings Inc. will post $1.25 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 20th. Investors of record on Monday, June 6th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, June 2nd. This represents a $0.80 dividend on an annualized basis and a yield of 2.90%.
A number of hedge funds and institutional investors recently added to or reduced their stakes in the stock. Marshall Wace LLP bought a new position in AMC Entertainment Holdings during the fourth quarter worth about $1,102,000. Neuberger Berman Group LLC raised its position in AMC Entertainment Holdings by 2.2% in the fourth quarter. Neuberger Berman Group LLC now owns 169,237 shares of the company’s stock worth $4,062,000 after buying an additional 3,675 shares in the last quarter. Dimensional Fund Advisors LP raised its position in AMC Entertainment Holdings by 66.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 537,502 shares of the company’s stock worth $12,900,000 after buying an additional 214,344 shares in the last quarter. Fiduciary Management Associates LLC raised its position in AMC Entertainment Holdings by 22.3% in the fourth quarter. Fiduciary Management Associates LLC now owns 763,274 shares of the company’s stock worth $18,321,000 after buying an additional 139,095 shares in the last quarter. Finally, Schroder Investment Management Group raised its position in AMC Entertainment Holdings by 158.6% in the fourth quarter. Schroder Investment Management Group now owns 788,400 shares of the company’s stock worth $18,922,000 after buying an additional 483,500 shares in the last quarter.
AMC Entertainment Holdings, Inc is a holding company. The Company, through its subsidiaries, including AMC Entertainment Inc (AMCE) and American Multi-Cinema, Inc (OpCo), is engaged in the theatrical exhibition business. The Company owns, operates or holds interests in approximately 380 theatres with a total of over 5,260 screens, which are located in the United States.
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