AMC Entertainment Holdings Inc. (AMC) Rating Reiterated by Wedbush
AMC Entertainment Holdings Inc. (NYSE:AMC)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Wedbush in a note issued to investors on Wednesday. They presently have a $33.00 price target on the stock. Wedbush’s price objective would indicate a potential upside of 4.23% from the stock’s current price.
Other research analysts have also issued reports about the stock. B. Riley lowered shares of AMC Entertainment Holdings to a “buy” rating and set a $34.75 price objective on the stock. in a research note on Tuesday, June 21st. Credit Suisse Group AG restated an “outperform” rating and set a $34.00 price objective on shares of AMC Entertainment Holdings in a research note on Sunday, June 12th. FBR & Co boosted their price objective on shares of AMC Entertainment Holdings from $36.00 to $40.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 26th. MKM Partners boosted their price objective on shares of AMC Entertainment Holdings from $33.00 to $35.00 and gave the stock a “buy” rating in a research note on Monday, July 25th. Finally, Topeka Capital Markets lowered their price objective on shares of AMC Entertainment Holdings from $27.00 to $26.00 and set a “hold” rating on the stock in a research note on Wednesday, June 1st. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $32.50.
AMC Entertainment Holdings (NYSE:AMC) opened at 31.66 on Wednesday. The firm’s 50-day moving average is $30.28 and its 200-day moving average is $28.86. AMC Entertainment Holdings has a 52 week low of $19.28 and a 52 week high of $32.28. The company has a market cap of $3.08 billion, a PE ratio of 29.31 and a beta of 1.57.
AMC Entertainment Holdings (NYSE:AMC) last released its quarterly earnings data on Monday, August 1st. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.27 by $0.03. The firm had revenue of $764 million for the quarter, compared to analyst estimates of $772.99 million. AMC Entertainment Holdings had a return on equity of 6.83% and a net margin of 3.53%. The firm’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.45 earnings per share. On average, analysts expect that AMC Entertainment Holdings will post $1.02 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 19th. Shareholders of record on Tuesday, September 6th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date of this dividend was Thursday, September 1st. AMC Entertainment Holdings’s dividend payout ratio is currently 74.77%.
In other AMC Entertainment Holdings news, CEO Adam M. Aron acquired 10,000 shares of the business’s stock in a transaction on Monday, August 8th. The stock was purchased at an average price of $28.80 per share, with a total value of $288,000.00. Following the acquisition, the chief executive officer now directly owns 20,000 shares of the company’s stock, valued at approximately $576,000. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.29% of the stock is currently owned by company insiders.
Hedge funds have recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of AMC Entertainment Holdings by 290.2% in the second quarter. BlackRock Inc. now owns 5,463 shares of the company’s stock worth $151,000 after buying an additional 4,063 shares during the period. State Board of Administration of Florida Retirement System purchased a new stake in shares of AMC Entertainment Holdings during the second quarter worth $208,000. B. Riley Financial Inc. purchased a new stake in shares of AMC Entertainment Holdings during the second quarter worth $218,000. AXA purchased a new stake in shares of AMC Entertainment Holdings during the first quarter worth $238,000. Finally, Blackstone Group L.P. purchased a new stake in shares of AMC Entertainment Holdings during the second quarter worth $246,000. 21.59% of the stock is owned by institutional investors.
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. The Company operates through theatrical exhibition operations segment.
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