Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) have been assigned an average rating of “Hold” from the nineteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $25.27.

AMC has been the topic of a number of recent research reports. B. Riley restated a “buy” rating and set a $32.50 price target (down from $42.50) on shares of AMC Entertainment in a research report on Monday, July 31st. Wedbush restated a “buy” rating on shares of AMC Entertainment in a research report on Wednesday, August 2nd. Barrington Research restated an “outperform” rating and set a $23.00 price target on shares of AMC Entertainment in a research report on Wednesday, August 2nd. Loop Capital restated a “buy” rating and set a $33.00 price target (down from $39.00) on shares of AMC Entertainment in a research report on Wednesday, August 2nd. Finally, Benchmark Co. lowered shares of AMC Entertainment from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd.

In other news, major shareholder American Multi-Cinema, Inc. sold 12,000,000 shares of the company’s stock in a transaction that occurred on 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 document filed with the SEC, which is available through this link. Also, CEO Adam M. Aron acquired 35,000 shares of the firm’s stock in a transaction dated Thursday, September 14th. The stock was bought at an average price of $15.79 per share, for a total transaction of $552,650.00. Following the completion of the acquisition, the chief executive officer now owns 125,426 shares in the company, valued at approximately $1,980,476.54. The disclosure for this purchase can be found here. Insiders own 0.80% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Janus Henderson Group PLC lifted its holdings in shares of AMC Entertainment by 47.7% in the 3rd quarter. Janus Henderson Group PLC now owns 4,142,367 shares of the company’s stock worth $60,893,000 after acquiring an additional 1,338,462 shares during the last quarter. Schroder Investment Management Group lifted its holdings in shares of AMC Entertainment by 409.9% in the 2nd quarter. Schroder Investment Management Group now owns 3,867,048 shares of the company’s stock worth $91,456,000 after acquiring an additional 3,108,645 shares during the last quarter. Baupost Group LLC MA acquired a new position in shares of AMC Entertainment in the 3rd quarter worth approximately $52,411,000. BlackRock Inc. lifted its holdings in shares of AMC Entertainment by 46,484.0% in the 1st quarter. BlackRock Inc. now owns 3,352,184 shares of the company’s stock worth $105,428,000 after acquiring an additional 3,344,988 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in AMC Entertainment by 3.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,091,618 shares of the company’s stock worth $30,747,000 after buying an additional 63,316 shares during the period. Hedge funds and other institutional investors own 48.65% of the company’s stock.

AMC Entertainment (AMC) traded up $0.62 on Thursday, reaching $13.85. 1,740,000 shares of the company were exchanged, compared to its average volume of 3,592,230. AMC Entertainment has a 52-week low of $10.80 and a 52-week high of $35.50. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 2.01.

AMC Entertainment (NYSE:AMC) last posted its quarterly earnings results on Monday, November 6th. The company reported ($0.33) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.04). The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.16 billion. AMC Entertainment had a negative return on equity of 6.20% and a negative net margin of 3.87%. The business’s revenue was up 51.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.31 earnings per share. equities analysts predict that AMC Entertainment will post -1.28 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 18th. Shareholders of record on Monday, December 4th will be issued a $0.20 dividend. The ex-dividend date is Friday, December 1st. This represents a $0.80 annualized dividend and a yield of 5.78%. AMC Entertainment’s payout ratio is -62.50%.

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

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AMC Entertainment 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.

Analyst Recommendations for AMC Entertainment (NYSE:AMC)

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