MKM Partners restated their buy rating on shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) in a research report sent to investors on Monday. The firm currently has a $28.00 price target on the stock.

Several other research firms also recently commented on AMC. Zacks Investment Research downgraded shares of AMC Entertainment Holdings from a hold rating to a sell rating in a research note on Wednesday, June 7th. Citigroup Inc. dropped their price target on shares of AMC Entertainment Holdings from $36.00 to $35.00 and set a buy rating for the company in a research note on Friday, June 9th. BidaskClub downgraded shares of AMC Entertainment Holdings from a sell rating to a strong sell rating in a research note on Friday, June 23rd. Credit Suisse Group dropped their price target on shares of AMC Entertainment Holdings from $26.00 to $20.00 and set an underperform rating for the company in a research note on Friday, June 23rd. Finally, Loop Capital restated a buy rating and issued a $39.00 price target on shares of AMC Entertainment Holdings in a research note on Monday, July 10th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company’s stock. AMC Entertainment Holdings has an average rating of Hold and an average target price of $28.23.

Shares of AMC Entertainment Holdings (NYSE AMC) opened at 15.80 on Monday. AMC Entertainment Holdings has a 12-month low of $12.05 and a 12-month high of $35.65. The stock’s market cap is $2.07 billion. The firm’s 50-day moving average price is $14.45 and its 200-day moving average price is $23.38.

AMC Entertainment Holdings (NYSE:AMC) last posted its quarterly earnings results on Friday, August 4th. The company reported ($1.35) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($1.41). The business had revenue of $1.20 billion during the quarter, compared to analyst estimates 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 business’s revenue was up 57.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.24 EPS. On average, analysts forecast that AMC Entertainment Holdings will post ($1.02) EPS for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 27th. Shareholders of record on Monday, September 11th will be paid a $0.20 dividend. The ex-dividend date is Friday, September 8th. This represents a $0.80 dividend on an annualized basis and a yield of 5.21%. AMC Entertainment Holdings’s dividend payout ratio is presently -125.00%.

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

In other news, major shareholder American Multi-Cinema, Inc. sold 12,000,000 shares of the business’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $6.09, for a total transaction of $73,080,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Adam M. Aron purchased 35,000 shares of the company’s stock in a transaction dated Thursday, September 14th. The shares were purchased at an average price of $15.79 per share, for a total transaction of $552,650.00. Following the completion of the purchase, the chief executive officer now owns 125,426 shares of the company’s stock, valued at $1,980,476.54. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 62,000 shares of company stock worth $896,940. 0.80% of the stock is currently owned by company insiders.

Several institutional investors have recently modified their holdings of AMC. Teachers Advisors LLC increased its stake in shares of AMC Entertainment Holdings by 42.5% during the fourth quarter. Teachers Advisors LLC now owns 49,693 shares of the company’s stock worth $1,672,000 after acquiring an additional 14,811 shares during the period. Russell Investments Group Ltd. increased its stake in shares of AMC Entertainment Holdings by 897.0% during the first quarter. Russell Investments Group Ltd. now owns 80,049 shares of the company’s stock worth $2,517,000 after acquiring an additional 72,020 shares during the period. Wells Fargo & Company MN increased its stake in shares of AMC Entertainment Holdings by 70.4% during the first quarter. Wells Fargo & Company MN now owns 48,634 shares of the company’s stock worth $1,529,000 after acquiring an additional 20,090 shares during the period. Great West Life Assurance Co. Can increased its stake in shares of AMC Entertainment Holdings by 241.8% during the first quarter. Great West Life Assurance Co. Can now owns 5,558 shares of the company’s stock worth $174,000 after acquiring an additional 3,932 shares during the period. Finally, American Century Companies Inc. increased its stake in shares of AMC Entertainment Holdings by 15.5% during the first quarter. American Century Companies Inc. now owns 202,246 shares of the company’s stock worth $6,361,000 after acquiring an additional 27,140 shares during the period. Institutional investors and hedge funds own 46.95% 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.

Analyst Recommendations for AMC Entertainment Holdings (NYSE:AMC)

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