Zacks Investment Research upgraded shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) from a sell rating to a hold rating in a research report report published on Tuesday.

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 analysts also recently issued reports on AMC. B. Riley reissued a buy rating and set a $32.50 price target on shares of AMC Entertainment Holdings in a report on Thursday, August 10th. Barrington Research reissued an outperform rating and set a $23.00 price target on shares of AMC Entertainment Holdings in a report on Tuesday, August 8th. Loop Capital reissued a buy rating and set a $33.00 price target (down from $39.00) on shares of AMC Entertainment Holdings in a report on Tuesday, August 8th. Royal Bank Of Canada lowered their price target on shares of AMC Entertainment Holdings from $30.00 to $22.00 and set an outperform rating on the stock in a report on Tuesday, August 8th. Finally, Wedbush reissued a buy rating and set a $22.75 price target (down from $36.00) on shares of AMC Entertainment Holdings in a report on Tuesday, August 8th. 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 presently has an average rating of Hold and a consensus price target of $27.39.

AMC Entertainment Holdings (NYSE:AMC) opened at 16.05 on Tuesday. AMC Entertainment Holdings has a 1-year low of $12.05 and a 1-year high of $35.65. The stock’s market cap is $2.10 billion. The company’s 50 day moving average is $14.49 and its 200-day moving average is $22.23.

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

COPYRIGHT VIOLATION WARNING: This news story was originally reported by Watch List News and is owned by of Watch List News. If you are accessing this news story on another website, it was copied illegally and republished in violation of US and international trademark and copyright legislation. The original version of this news story can be accessed at https://www.watchlistnews.com/amc-entertainment-holdings-inc-amc-upgraded-at-zacks-investment-research/1612180.html.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 27th. Shareholders of record on Monday, September 11th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.98%. The ex-dividend date was Friday, September 8th. AMC Entertainment Holdings’s payout ratio is -125.00%.

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

In other news, major shareholder American Multi-Cinema, Inc. sold 12,000,000 shares of the stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $6.09, for a total value of $73,080,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jack Qunyao Gao bought 7,000 shares of AMC Entertainment Holdings stock in a transaction dated Wednesday, August 16th. The stock was acquired at an average price of $13.47 per share, with a total value of $94,290.00. Following the completion of the transaction, the director now directly owns 10,500 shares of the company’s stock, valued at $141,435. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 62,000 shares of company stock worth $896,940. Insiders own 0.80% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of AMC. Ameritas Investment Partners Inc. raised its position in shares of 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 last quarter. Seven Eight Capital LP acquired a new stake in shares of AMC Entertainment Holdings in the second quarter valued at about $125,000. Pacer Advisors Inc. raised its position in shares of 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 last quarter. BNP Paribas Arbitrage SA raised its position in shares of 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 last quarter. Finally, Nisa Investment Advisors LLC raised its position in shares of 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 last quarter. Institutional investors and hedge funds own 46.99% of the company’s stock.

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.

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 Analyst Ratings Network's FREE daily email newsletter.