AMC Entertainment Holdings (NYSE:AMC) Earns Daily News Sentiment Score of 0.14
News coverage about AMC Entertainment Holdings (NYSE:AMC) has trended somewhat positive on Saturday, Accern reports. Accern rates the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. AMC Entertainment Holdings earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 45.5274194835663 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- AMC Entertainment Holdings, Inc (AMC) Saw a New 52-Week High – Modern Readers (modernreaders.com)
- AMC Entertainment's Fire Sale Has Begun (finance.yahoo.com)
- Movie Theaters Have a Bigger Problem Than This Summer of Duds – Wall Street Journal (subscription) (wsj.com)
- Analysts’ Recent Ratings Updates for AMC Entertainment Holdings (AMC) – ExpressNewsline (expressnewsline.com)
- [$$] Movie Theaters Have a Bigger Problem Than This Summer of Duds (finance.yahoo.com)
AMC has been the subject of a number of research analyst reports. Zacks Investment Research lowered AMC Entertainment Holdings from a “strong-buy” rating to a “hold” rating in a report on Monday, May 1st. Loop Capital restated a “buy” rating and set a $39.00 price objective on shares of AMC Entertainment Holdings in a research report on Monday, July 10th. Barclays PLC boosted their price objective on AMC Entertainment Holdings from $30.00 to $36.00 and gave the company an “overweight” rating in a research report on Monday, April 17th. FBR & Co reiterated a “buy” rating and issued a $37.00 price target on shares of AMC Entertainment Holdings in a research report on Friday, April 21st. Finally, TheStreet cut AMC Entertainment Holdings from a “b-” rating to a “c+” rating in a research report on Friday, May 19th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $29.96.
Shares of AMC Entertainment Holdings (NYSE:AMC) traded down 2.77% during mid-day trading on Friday, hitting $14.05. The stock had a trading volume of 3,632,723 shares. AMC Entertainment Holdings has a 52 week low of $13.65 and a 52 week high of $35.65. The firm’s market cap is $1.84 billion. The stock has a 50 day moving average price of $20.21 and a 200 day moving average price of $26.86.
AMC Entertainment Holdings (NYSE:AMC) last issued its quarterly earnings results on Friday, August 4th. The company reported ($1.35) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by $1.41. AMC Entertainment Holdings had a negative net margin of 2.49% and a negative return on equity of 3.44%. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the previous year, the business posted $0.24 EPS. The company’s revenue for the quarter was up 57.3% on a year-over-year basis. Equities research analysts expect that AMC Entertainment Holdings will post ($1.04) EPS for the current fiscal year.
AMC Entertainment Holdings declared that its Board of Directors has initiated a stock buyback plan on Thursday, August 3rd that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 58% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 27th. Stockholders of record on Monday, September 11th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, September 8th. This represents a $0.80 annualized dividend and a dividend yield of 5.69%. AMC Entertainment Holdings’s payout ratio is -125.00%.
In other AMC Entertainment Holdings news, SVP Kevin M. Connor purchased 4,000 shares of the firm’s stock in a transaction dated Thursday, June 8th. The shares were bought at an average price of $23.52 per share, for a total transaction of $94,080.00. Following the purchase, the senior vice president now owns 40,705 shares in the company, valued at approximately $957,381.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Adam M. Aron purchased 10,000 shares of the firm’s stock in a transaction dated Friday, June 2nd. The stock was acquired at an average price of $24.72 per share, for a total transaction of $247,200.00. Following the purchase, 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. Company insiders own 0.80% 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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