AMC Entertainment Holdings Inc. (AMC) Rating Reiterated by Wedbush
AMC Entertainment Holdings Inc. (NYSE:AMC)‘s stock had its “outperform” rating restated by analysts at Wedbush in a research note issued to investors on Wednesday. They presently have a $33.00 price objective on the stock. Wedbush’s target price would indicate a potential upside of 4.23% from the stock’s current price.
A number of other equities analysts have also issued reports on the company. Loop Capital began coverage on AMC Entertainment Holdings in a report on Tuesday, August 23rd. They issued a “buy” rating and a $35.00 price objective for the company. B. Riley reissued a “buy” rating and issued a $37.00 price objective on shares of AMC Entertainment Holdings in a report on Friday, August 5th. FBR & Co reissued a “buy” rating on shares of AMC Entertainment Holdings in a report on Tuesday, August 2nd. Zacks Investment Research raised AMC Entertainment Holdings from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 2nd. Finally, MKM Partners increased their price objective on AMC Entertainment Holdings from $33.00 to $35.00 and gave the stock a “buy” rating in a report on Monday, July 25th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $32.50.
AMC Entertainment Holdings (NYSE:AMC) opened at 31.66 on Wednesday. The stock has a market cap of $3.08 billion, a P/E ratio of 29.31 and a beta of 1.57. AMC Entertainment Holdings has a 52-week low of $19.28 and a 52-week high of $32.28. The firm’s 50-day moving average price is $30.28 and its 200 day moving average price is $28.86.
AMC Entertainment Holdings (NYSE:AMC) last issued its quarterly earnings data on Monday, August 1st. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by $0.03. AMC Entertainment Holdings had a return on equity of 6.83% and a net margin of 3.53%. The business earned $764 million during the quarter, compared to the consensus estimate of $772.99 million. During the same period last year, the company earned $0.45 earnings per share. The business’s quarterly revenue was down 7.0% compared to the same quarter last year. Equities analysts predict that AMC Entertainment Holdings will post $1.02 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 19th. Stockholders of record on Tuesday, September 6th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, September 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.53%. AMC Entertainment Holdings’s dividend payout ratio (DPR) is presently 74.77%.
In related news, CEO Adam M. Aron acquired 10,000 shares of the business’s stock in a transaction dated Monday, August 8th. The stock was bought at an average price of $28.80 per share, for a total transaction of $288,000.00. Following the transaction, the chief executive officer now owns 20,000 shares of the company’s stock, valued at $576,000. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 1.29% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in 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 last quarter. State Board of Administration of Florida Retirement System acquired a new stake in AMC Entertainment Holdings during the second quarter worth about $208,000. B. Riley Financial Inc. acquired a new stake in AMC Entertainment Holdings during the second quarter worth about $218,000. AXA acquired a new stake in AMC Entertainment Holdings during the first quarter worth about $238,000. Finally, Blackstone Group L.P. acquired a new stake in AMC Entertainment Holdings during the second quarter worth about $246,000. Institutional investors own 21.59% of the company’s stock.
About AMC Entertainment Holdings
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.
Receive News & Ratings for AMC Entertainment Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMC Entertainment Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.