An issue of AMC Entertainment Holdings, Inc. (NYSE:AMC) bonds fell 1.3% as a percentage of their face value during trading on Tuesday. The high-yield debt issue has a 6.125% coupon and will mature on May 15, 2027. The bonds in the issue are now trading at $94.25 and were trading at $96.75 last week. Price changes in a company’s bonds in credit markets often anticipate parallel changes in its stock price.

Several equities analysts recently issued reports on AMC shares. BidaskClub cut AMC Entertainment Holdings from a “sell” rating to a “strong sell” rating in a research note on Friday, June 23rd. Zacks Investment Research cut AMC Entertainment Holdings from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 1st. FBR & Co reduced their price objective on AMC Entertainment Holdings from $37.00 to $36.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 9th. MKM Partners restated a “buy” rating and set a $36.00 price objective (down from $45.00) on shares of AMC Entertainment Holdings in a research note on Friday, June 9th. Finally, Citigroup Inc. restated a “buy” rating and set a $30.00 price objective (down from $35.00) on shares of AMC Entertainment Holdings in a research note on Saturday, July 22nd. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the stock. AMC Entertainment Holdings has a consensus rating of “Hold” and a consensus price target of $29.36.

Shares of AMC Entertainment Holdings, Inc. (AMC) traded down 1.53% during midday trading on Tuesday, hitting $12.85. 3,025,782 shares of the company were exchanged. AMC Entertainment Holdings, Inc. has a one year low of $12.05 and a one year high of $35.65. The company’s 50 day moving average price is $17.50 and its 200 day moving average price is $25.39. The firm’s market cap is $1.68 billion.

AMC Entertainment Holdings (NYSE:AMC) last issued its quarterly earnings data on Friday, August 4th. The company reported ($1.35) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by $1.41. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.22 billion. AMC Entertainment Holdings had a negative return on equity of 3.44% and a negative net margin of 2.49%. The company’s revenue was up 57.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.24 EPS. Equities analysts expect that AMC Entertainment Holdings, Inc. will post ($1.02) EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 27th. Investors of record on Monday, September 11th will be given a dividend of $0.20 per share. The ex-dividend date is Friday, September 8th. This represents a $0.80 dividend on an annualized basis and a yield of 6.23%. AMC Entertainment Holdings’s dividend payout ratio is currently -125.00%.

AMC Entertainment Holdings declared that its Board of Directors has approved a stock buyback program on Thursday, August 3rd that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 58% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

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 cost of $12.50 per share, with a total value of $250,000.00. Following the acquisition, the director now owns 30,500 shares of the company’s stock, valued at $381,250. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, SVP Kevin M. Connor bought 4,000 shares of the business’s stock in a transaction on Thursday, June 8th. The shares were bought at an average cost of $23.52 per share, for a total transaction of $94,080.00. Following the completion of the acquisition, the senior vice president now directly owns 40,705 shares in the company, valued at approximately $957,381.60. The disclosure for this purchase can be found here. Insiders have acquired a total of 41,000 shares of company stock worth $685,570 over the last ninety days. Company insiders own 0.80% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in AMC. Vanguard Group Inc. increased its position in shares of AMC Entertainment Holdings by 59.8% in the first quarter. Vanguard Group Inc. now owns 4,840,316 shares of the company’s stock valued at $152,228,000 after buying an additional 1,811,552 shares during the last quarter. Schroder Investment Management Group increased its position in shares of AMC Entertainment Holdings by 409.9% in the second quarter. Schroder Investment Management Group now owns 3,867,048 shares of the company’s stock valued at $91,456,000 after buying an additional 3,108,645 shares during the last quarter. BlackRock Inc. increased its position in shares of AMC Entertainment Holdings by 46,484.0% in the first quarter. BlackRock Inc. now owns 3,352,184 shares of the company’s stock valued at $105,428,000 after buying an additional 3,344,988 shares during the last quarter. Janus Henderson Group PLC bought a new position in shares of AMC Entertainment Holdings during the second quarter valued at approximately $63,789,000. Finally, Janus Capital Management LLC increased its position in shares of AMC Entertainment Holdings by 0.3% in the first quarter. Janus Capital Management LLC now owns 2,417,897 shares of the company’s stock valued at $76,043,000 after buying an additional 8,318 shares during the last quarter. 46.94% of the stock is currently owned by hedge funds and other institutional investors.

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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. 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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