AMC Entertainment Holdings Inc. (AMC) Stock Price Up 1.4%
AMC Entertainment Holdings Inc. (NYSE:AMC) rose 1.4% during mid-day trading on Wednesday . The company traded as high as $30.30 and last traded at $30.24, with a volume of 188,209 shares traded. The stock had previously closed at $29.82.
AMC has been the subject of a number of recent research reports. Loop Capital initiated coverage on shares of AMC Entertainment Holdings in a report on Tuesday, August 23rd. They issued a “buy” rating and a $35.00 price objective for the company. Wedbush reiterated a “buy” rating and issued a $33.00 price objective on shares of AMC Entertainment Holdings in a report on Wednesday, August 3rd. Credit Suisse Group AG initiated coverage on shares of AMC Entertainment Holdings in a report on Monday, June 13th. They issued an “outperform” rating and a $34.00 price objective for the company. Zacks Investment Research cut shares of AMC Entertainment Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, July 19th. Finally, MKM Partners reiterated a “buy” rating and issued a $33.00 price objective on shares of AMC Entertainment Holdings in a report on Sunday, July 17th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $32.50.
The firm’s 50 day moving average price is $29.69 and its 200-day moving average price is $28.06. The firm has a market cap of $2.96 billion and a price-to-earnings ratio of 28.16.
AMC Entertainment Holdings (NYSE:AMC) last released its earnings results on Monday, August 1st. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by $0.03. The company had revenue of $764 million for the quarter, compared to analyst estimates of $772.99 million. During the same period in the prior year, the business posted $0.45 earnings per share. The company’s quarterly revenue was down 7.0% compared to the same quarter last year. Equities analysts expect that AMC Entertainment Holdings Inc. will post $0.99 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 19th. Investors of record on Tuesday, September 6th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date is Thursday, September 1st.
In other AMC Entertainment Holdings news, CEO Adam M. Aron bought 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 8th. The stock was acquired at an average price of $28.80 per share, with a total value of $288,000.00. Following the completion of the transaction, the chief executive officer now owns 20,000 shares in the company, valued at $576,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
A number of hedge funds and institutional investors have added to or reduced their stakes in AMC. Schroder Investment Management Group increased 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 during the period. Marshall Wace LLP acquired a new position in AMC Entertainment Holdings during the fourth quarter worth $1,102,000. Finally, Schwab Charles Investment Management Inc. increased its position in AMC Entertainment Holdings by 3.5% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 67,942 shares of the company’s stock worth $1,631,000 after buying an additional 2,306 shares during the period.
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. The Company operates through theatrical exhibition operations segment.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.