AMC Entertainment Holdings (AMC) Earns Daily Media Impact Rating of 0.07

Press coverage about AMC Entertainment Holdings (NYSE:AMC) has trended somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. AMC Entertainment Holdings earned a news sentiment score of 0.07 on Accern’s scale. Accern also gave news articles about the company an impact score of 46.2828850060956 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Here are some of the news articles that may have impacted Accern Sentiment’s analysis:

Shares of AMC Entertainment Holdings (NYSE AMC) traded down 4.753% during trading on Friday, reaching $12.525. 4,261,797 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $19.04 and its 200-day moving average price is $26.27. AMC Entertainment Holdings has a 52-week low of $12.05 and a 52-week high of $35.65. The stock’s market cap is $1.64 billion.

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 Thomson Reuters’ consensus estimate of $0.06 by $1.41. AMC Entertainment Holdings had a negative net margin of 2.49% and a negative return on equity of 3.44%. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter last year, the company posted $0.24 earnings per share. The company’s revenue was up 57.3% compared to the same quarter last year. On average, equities research analysts forecast that AMC Entertainment Holdings will post ($1.01) EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 27th. Stockholders of record on Monday, September 11th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 6.08%. The ex-dividend date of this dividend is Friday, September 8th. AMC Entertainment Holdings’s dividend payout ratio is currently -125.00%.

AMC Entertainment Holdings declared that its Board of Directors has initiated a stock buyback program 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 programs are typically an indication that the company’s leadership believes its shares are undervalued.

Several research analysts recently issued reports on the stock. Loop Capital reissued a “buy” rating and issued a $33.00 price target (down previously from $39.00) on shares of AMC Entertainment Holdings in a research report on Wednesday, August 2nd. Benchmark Co. lowered shares of AMC Entertainment Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Zacks Investment Research raised shares of AMC Entertainment Holdings from a “sell” rating to a “hold” rating in a research report on Monday, June 26th. Piper Jaffray Companies set a $25.00 price target on shares of AMC Entertainment Holdings and gave the stock an “overweight” rating in a research report on Sunday, August 6th. Finally, 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 report on Friday, June 23rd. Three analysts have rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $29.96.

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In related news, Director Jack Qunyao Gao bought 7,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The shares were acquired at an average cost of $13.47 per share, with a total value of $94,290.00. Following the completion of the purchase, the director now directly owns 10,500 shares in the company, valued at $141,435. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Adam M. Aron bought 10,000 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The shares were bought at an average cost of $24.72 per share, for a total transaction of $247,200.00. Following the completion of the purchase, the chief executive officer now owns 90,426 shares of the company’s stock, valued at $2,235,330.72. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 21,000 shares of company stock worth $435,570. 0.80% of the stock is owned by insiders.

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.

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