AMC Entertainment Holdings Inc. (AMC) Sees Large Volume Increase
AMC Entertainment Holdings Inc. (NYSE:AMC) saw unusually-high trading volume on Monday . Approximately 367,059 shares traded hands during mid-day trading, an increase of 28% from the previous session’s volume of 287,101 shares.The stock last traded at $28.35 and had previously closed at $29.42.
AMC has been the subject of several recent analyst reports. Credit Suisse Group AG initiated coverage on AMC Entertainment Holdings in a research report on Monday, June 13th. They issued an “outperform” rating and a $34.00 price target for the company. Wedbush reaffirmed an “outperform” rating and issued a $33.00 price target on shares of AMC Entertainment Holdings in a research report on Thursday, April 21st. MKM Partners reaffirmed a “buy” rating and issued a $33.00 price target on shares of AMC Entertainment Holdings in a research report on Sunday, July 17th. FBR & Co lifted their price target 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, Topeka Capital Markets lowered their price target on AMC Entertainment Holdings from $27.00 to $26.00 and set a “hold” rating for the company in a research report on Wednesday, June 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have assigned a buy rating to the stock. AMC Entertainment Holdings currently has a consensus rating of “Buy” and a consensus price target of $32.27.
The company has a market capitalization of $2.77 billion and a P/E ratio of 22.15. The stock’s 50-day moving average price is $28.37 and its 200 day moving average price is $26.76.
AMC Entertainment Holdings (NYSE:AMC) last issued its quarterly earnings data 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 earned $764 million during the quarter, compared to the consensus estimate of $772.99 million. During the same quarter in the prior year, the firm posted $0.45 earnings per share. AMC Entertainment Holdings’s quarterly revenue was down 7.0% compared to the same quarter last year. Analysts predict that AMC Entertainment Holdings Inc. will post $1.09 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 19th. Investors of record on Tuesday, September 6th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend is Thursday, September 1st.
Other large investors recently modified their holdings of the company. Marshall Wace LLP bought a new stake in shares of AMC Entertainment Holdings during the fourth quarter worth $1,102,000. Fiduciary Management Associates LLC increased its stake in shares of 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 during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of 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 during the last quarter. Finally, Schroder Investment Management Group boosted its stake 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.
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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