AMC Entertainment Holdings, Inc. (NYSE:AMC)’s share price was up 7.6% on Friday after the company announced a dividend. The company traded as high as $16.65 and last traded at $16.25, with a volume of 6,601,465 shares trading hands. The stock had previously closed at $15.10.

The newly announced dividend which will be paid on Monday, September 25th. Shareholders of record on Monday, September 11th will be issued a $0.20 dividend. The ex-dividend date is Friday, September 8th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.92%. AMC Entertainment Holdings’s dividend payout ratio is currently -125.00%.

A number of research analysts have issued reports on AMC shares. B. Riley reaffirmed a “buy” rating and issued a $49.50 price target on shares of AMC Entertainment Holdings in a report on Monday, May 1st. FBR & Co reaffirmed a “buy” rating and issued a $37.00 price target on shares of AMC Entertainment Holdings in a report on Friday, April 21st. Citigroup Inc. decreased their price target on shares of AMC Entertainment Holdings from $36.00 to $35.00 and set a “buy” rating for the company in a report on Friday, June 9th. MKM Partners reaffirmed a “buy” rating and issued a $36.00 price target (down previously from $45.00) on shares of AMC Entertainment Holdings in a report on Friday, June 9th. Finally, Loop Capital reaffirmed a “buy” rating and issued a $39.00 price target on shares of AMC Entertainment Holdings in a report on Monday, July 10th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $31.46.

The company’s 50 day moving average is $22.18 and its 200-day moving average is $27.80. The stock has a market cap of $2.12 billion, a P/E ratio of 18.55 and a beta of 1.31.

AMC Entertainment Holdings (NYSE:AMC) last released its quarterly earnings results on Friday, August 4th. The company reported ($1.35) EPS for the quarter, missing the consensus estimate of $0.06 by $1.41. AMC Entertainment Holdings had a net margin of 2.56% and a return on equity of 6.52%. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter last year, the company earned $0.24 EPS. The firm’s revenue for the quarter was up 57.3% compared to the same quarter last year. Equities research analysts expect that AMC Entertainment Holdings, Inc. will post ($1.03) EPS for the current year.

AMC Entertainment Holdings declared that its Board of Directors has approved a share buyback program on Thursday, August 3rd that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to buy up to 58% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its shares are undervalued.

In other news, SVP Kevin M. Connor acquired 4,000 shares of the business’s stock in a transaction on Thursday, June 8th. The stock was bought at an average price of $23.52 per share, for a total transaction of $94,080.00. Following the transaction, the senior vice president now owns 40,705 shares in the company, valued at $957,381.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Adam M. Aron acquired 10,000 shares of the business’s stock in a transaction on Friday, June 2nd. The shares were purchased at an average price of $24.72 per share, with a total value of $247,200.00. Following the transaction, the chief executive officer now owns 90,426 shares in the company, valued at approximately $2,235,330.72. The disclosure for this purchase can be found here. 0.80% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in AMC. Legal & General Group Plc increased its position in shares of AMC Entertainment Holdings by 2.6% in the second quarter. Legal & General Group Plc now owns 13,118 shares of the company’s stock worth $301,000 after buying an additional 337 shares during the last quarter. Croft Leominster Inc. increased its position in shares of AMC Entertainment Holdings by 36.1% in the first quarter. Croft Leominster Inc. now owns 11,300 shares of the company’s stock worth $355,000 after buying an additional 3,000 shares during the last quarter. Great West Life Assurance Co. Can increased its position in shares of AMC Entertainment Holdings by 241.8% in the first quarter. Great West Life Assurance Co. Can now owns 5,558 shares of the company’s stock worth $174,000 after buying an additional 3,932 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new position in shares of AMC Entertainment Holdings during the first quarter worth approximately $141,000. Finally, Bank of New York Mellon Corp increased its position in shares of AMC Entertainment Holdings by 1.0% in the second quarter. Bank of New York Mellon Corp now owns 445,078 shares of the company’s stock worth $10,126,000 after buying an additional 4,485 shares during the last quarter. Institutional investors own 41.43% of the company’s stock.

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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. It operates through theatrical exhibition operations segment. It licenses first-run motion pictures from distributors owned by film production companies and from independent distributors.

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