AMC Entertainment Holdings, Inc. (NYSE:AMC) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $14.60 and last traded at $14.58, with a volume of 1,855,687 shares changing hands. The stock had previously closed at $15.50.

AMC has been the subject of several analyst reports. Royal Bank Of Canada reduced their price objective on shares of AMC Entertainment Holdings from $30.00 to $22.00 and set an “outperform” rating for the company in a research note on Tuesday. FBR & Co reiterated a “buy” rating and issued a $37.00 target price on shares of AMC Entertainment Holdings in a report on Friday, April 21st. Wedbush set a $23.00 target price on shares of AMC Entertainment Holdings and gave the stock a “buy” rating in a report on Wednesday, August 2nd. Barclays PLC downgraded shares of AMC Entertainment Holdings from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $31.00 to $25.00 in a report on Wednesday, July 19th. Finally, Citigroup Inc. dropped their target price on shares of AMC Entertainment Holdings from $36.00 to $35.00 and set a “buy” rating on the stock in a report on Friday, June 9th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $29.96.

The company’s market cap is $1.90 billion. The stock has a 50-day moving average of $20.72 and a 200-day moving average of $27.10.

AMC Entertainment Holdings (NYSE:AMC) last posted its earnings results on Friday, August 4th. The company reported ($1.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by $1.41. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.22 billion. AMC Entertainment Holdings had a negative return on equity of 3.61% and a negative net margin of 2.49%. The business’s quarterly revenue was up 57.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.24 EPS. Analysts forecast that AMC Entertainment Holdings, Inc. will post ($1.04) earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 27th. Stockholders of record on Monday, September 11th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.16%. The ex-dividend date of this dividend is Friday, September 8th. AMC Entertainment Holdings’s dividend payout ratio is presently -125.00%.

AMC Entertainment Holdings announced that its board has initiated a share repurchase program on Thursday, August 3rd that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to reacquire up to 58% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

In related news, CEO Adam M. Aron bought 10,000 shares of the business’s stock in a transaction dated Friday, June 2nd. The stock was bought 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Kevin M. Connor bought 4,000 shares of the business’s stock in a transaction dated Thursday, June 8th. The shares were bought at an average price of $23.52 per share, with a total value 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 disclosure for this purchase can be found here. Company insiders own 0.80% of the company’s stock.

Several hedge funds have recently bought and sold shares of AMC. Falcon Point Capital LLC bought a new stake in AMC Entertainment Holdings during the first quarter worth about $10,354,000. American Century Companies Inc. boosted its stake in AMC Entertainment Holdings by 15.5% in the first quarter. American Century Companies Inc. now owns 202,246 shares of the company’s stock worth $6,361,000 after buying an additional 27,140 shares in the last quarter. Stoneridge Investment Partners LLC bought a new stake in AMC Entertainment Holdings during the first quarter worth about $1,698,000. Great West Life Assurance Co. Can boosted its stake in 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 in the last quarter. Finally, Jennison Associates LLC bought a new stake in AMC Entertainment Holdings during the first quarter worth about $1,564,000. Institutional investors own 42.02% 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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