Zacks Investment Research downgraded shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) from a hold rating to a sell rating in a research report released on Friday morning.

According to Zacks, “AMC Entertainment Holdings, Inc., operates as a theatrical exhibition company primarily in the United States and internationally. It owned or interests in theatres and screens. AMC Entertainment Holdings, Inc. is based in Leawood, Kansas. “

A number of other equities analysts have also commented on the company. MKM Partners reissued a buy rating and issued a $28.00 price objective on shares of AMC Entertainment Holdings in a research note on Monday, September 18th. Citigroup Inc. reissued a buy rating and issued a $21.00 price objective (down previously from $30.00) on shares of AMC Entertainment Holdings in a research note on Monday, September 11th. Barclays PLC set a $16.00 price objective on AMC Entertainment Holdings and gave the stock a hold rating in a research note on Tuesday, August 29th. B. Riley reissued a buy rating and issued a $32.50 price objective on shares of AMC Entertainment Holdings in a research note on Thursday, August 10th. Finally, Barrington Research reissued an outperform rating and issued a $23.00 price objective on shares of AMC Entertainment Holdings in a research note on Tuesday, August 8th. Four research analysts have rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company. AMC Entertainment Holdings currently has an average rating of Hold and an average price target of $28.23.

Shares of AMC Entertainment Holdings (NYSE:AMC) opened at 15.125 on Friday. The company’s 50 day moving average is $14.45 and its 200-day moving average is $23.38. The company’s market capitalization is $1.98 billion. AMC Entertainment Holdings has a 52 week low of $12.05 and a 52 week high of $35.65.

AMC Entertainment Holdings (NYSE:AMC) last posted its quarterly earnings data on Friday, August 4th. The company reported ($1.35) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($1.41). The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.22 billion. AMC Entertainment Holdings had a negative return on equity of 3.44% and a negative net margin of 2.49%. AMC Entertainment Holdings’s revenue for the quarter was up 57.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.24 EPS. On average, analysts expect that AMC Entertainment Holdings will post ($1.02) EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: This report was published by Daily Political and is the property of of Daily Political. If you are accessing this report on another publication, it was stolen and republished in violation of international copyright & trademark laws. The original version of this report can be viewed at https://www.dailypolitical.com/2017/09/25/amc-entertainment-holdings-inc-amc-downgraded-by-zacks-investment-research.html.

AMC Entertainment Holdings declared that its board has authorized a stock repurchase plan on Thursday, August 3rd that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 58% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 27th. Shareholders of record on Monday, September 11th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 5.03%. The ex-dividend date of this dividend is Friday, September 8th. AMC Entertainment Holdings’s payout ratio is -125.00%.

In related news, Director Jack Qunyao Gao bought 20,000 shares of the business’s stock in a transaction on Friday, August 18th. The shares were purchased at an average price of $12.50 per share, with a total value of $250,000.00. Following the completion of the purchase, the director now owns 30,500 shares of the company’s stock, valued at approximately $381,250. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Adam M. Aron bought 35,000 shares of the business’s stock in a transaction on Thursday, September 14th. The stock was bought at an average cost of $15.79 per share, for a total transaction of $552,650.00. Following the purchase, the chief executive officer now directly owns 125,426 shares of the company’s stock, valued at approximately $1,980,476.54. The disclosure for this purchase can be found here. Insiders acquired 62,000 shares of company stock worth $896,940 in the last three months. Insiders own 0.80% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Ameritas Investment Partners Inc. lifted its stake in AMC Entertainment Holdings by 8.3% in the second quarter. Ameritas Investment Partners Inc. now owns 4,845 shares of the company’s stock valued at $110,000 after buying an additional 372 shares during the period. Seven Eight Capital LP acquired a new position in AMC Entertainment Holdings in the second quarter valued at about $125,000. Pacer Advisors Inc. lifted its stake in AMC Entertainment Holdings by 12.0% in the second quarter. Pacer Advisors Inc. now owns 5,600 shares of the company’s stock valued at $127,000 after buying an additional 601 shares during the period. BNP Paribas Arbitrage SA lifted its stake in AMC Entertainment Holdings by 574.5% in the second quarter. BNP Paribas Arbitrage SA now owns 7,109 shares of the company’s stock valued at $162,000 after buying an additional 6,055 shares during the period. Finally, Nisa Investment Advisors LLC lifted its stake in AMC Entertainment Holdings by 1,837.8% in the second quarter. Nisa Investment Advisors LLC now owns 7,170 shares of the company’s stock valued at $163,000 after buying an additional 6,800 shares during the period. 46.99% of the stock is currently owned by hedge funds and other 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. It operates through theatrical exhibition operations segment. It licenses first-run motion pictures from distributors owned by film production companies and from independent distributors.

Get a free copy of the Zacks research report on AMC Entertainment Holdings (AMC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for AMC Entertainment Holdings (NYSE:AMC)

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.