AMC Entertainment Holdings Inc (NYSE:AMC) dropped 7.9% on Wednesday . The company traded as low as $10.74 and last traded at $10.75, approximately 3,806,804 shares were traded during mid-day trading. An increase of 88% from the average daily volume of 2,020,019 shares. The stock had previously closed at $11.67.

AMC has been the topic of a number of research analyst reports. Loop Capital restated a “hold” rating on shares of AMC Entertainment in a research note on Wednesday, July 3rd. Bank of America decreased their target price on AMC Entertainment from $17.00 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday, August 1st. Barrington Research restated a “buy” rating and issued a $16.00 target price on shares of AMC Entertainment in a research note on Thursday, August 8th. Wedbush restated an “outperform” rating and issued a $15.00 target price on shares of AMC Entertainment in a research note on Wednesday, July 31st. Finally, ValuEngine upgraded AMC Entertainment from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 8th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $16.05.

The firm has a market cap of $1.15 billion, a price-to-earnings ratio of 82.69 and a beta of 0.85. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 7.43. The business has a 50 day moving average price of $10.41.

AMC Entertainment (NYSE:AMC) last announced its earnings results on Thursday, August 8th. The company reported $0.17 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.17. AMC Entertainment had a negative return on equity of 10.96% and a negative net margin of 0.20%. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same period in the prior year, the company earned $0.17 EPS. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, analysts predict that AMC Entertainment Holdings Inc will post -0.7 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 23rd. Stockholders of record on Monday, September 9th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 7.44%. The ex-dividend date of this dividend is Friday, September 6th. AMC Entertainment’s payout ratio is currently 615.38%.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Oppenheimer Asset Management Inc. boosted its holdings in shares of AMC Entertainment by 14.9% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 6,990 shares of the company’s stock worth $104,000 after purchasing an additional 908 shares in the last quarter. PARK CIRCLE Co boosted its holdings in shares of AMC Entertainment by 22.2% in the 2nd quarter. PARK CIRCLE Co now owns 5,500 shares of the company’s stock worth $51,000 after purchasing an additional 1,000 shares in the last quarter. Hollencrest Capital Management boosted its holdings in shares of AMC Entertainment by 10.9% in the 1st quarter. Hollencrest Capital Management now owns 11,251 shares of the company’s stock worth $167,000 after purchasing an additional 1,103 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of AMC Entertainment by 16.0% in the 4th quarter. Legal & General Group Plc now owns 9,306 shares of the company’s stock worth $114,000 after purchasing an additional 1,287 shares in the last quarter. Finally, NJ State Employees Deferred Compensation Plan boosted its holdings in shares of AMC Entertainment by 6.7% in the 1st quarter. NJ State Employees Deferred Compensation Plan now owns 32,000 shares of the company’s stock worth $475,000 after purchasing an additional 2,000 shares in the last quarter. Hedge funds and other institutional investors own 48.64% of the company’s stock.

AMC Entertainment Company Profile (NYSE:AMC)

AMC Entertainment Holdings, Inc, through its subsidiaries, involved in the theatrical exhibition business. The company owns, operates, or has interests in theatres. As of December 31, 2018, it owned, operated, or had interests in 637 theatres with a total of 8,114 screens in the United States; and 369 theatres and 2,977 screens in European markets.

Further Reading: Outstanding Shares

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