AMC Entertainment Holdings, Inc. (AMC) Reaches New 1-Year Low at $11.93

AMC Entertainment Holdings, Inc. (NYSE:AMC)’s share price reached a new 52-week low on Friday . The company traded as low as $11.93 and last traded at $11.85, with a volume of 5430198 shares. The stock had previously closed at $13.45.

A number of research firms have recently weighed in on AMC. Wedbush set a $21.00 price target on AMC Entertainment Holdings and gave the stock a “buy” rating in a report on Wednesday. Zacks Investment Research cut AMC Entertainment Holdings from a “buy” rating to a “hold” rating in a report on Thursday, October 19th. B. Riley set a $31.00 price target on AMC Entertainment Holdings and gave the stock a “buy” rating in a report on Wednesday, October 18th. Credit Suisse Group cut their price target on AMC Entertainment Holdings from $14.00 to $12.00 and set an “underperform” rating for the company in a report on Thursday, September 28th. Finally, MKM Partners reissued a “buy” rating and issued a $28.00 price target on shares of AMC Entertainment Holdings in a report on Monday, September 18th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $26.35.

The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.54 and a current ratio of 0.54.

AMC Entertainment Holdings (NYSE:AMC) last posted 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 net margin of 2.49% and a negative return on equity of 3.44%. 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 firm posted $0.24 EPS. AMC Entertainment Holdings’s revenue was up 57.3% on a year-over-year basis. equities analysts predict that AMC Entertainment Holdings, Inc. will post -1.14 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 18th. Shareholders of record on Monday, December 4th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 6.72%. The ex-dividend date of this dividend is Friday, December 1st. AMC Entertainment Holdings’s dividend payout ratio (DPR) is presently -125.00%.

AMC Entertainment Holdings announced that its board has initiated a share buyback plan on Thursday, August 3rd that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to reacquire up to 58% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

In other AMC Entertainment Holdings 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 stock was sold at an average price of $6.09, for a total transaction of $73,080,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jack Qunyao Gao purchased 20,000 shares of the stock in a transaction on Friday, August 18th. The shares were purchased at an average cost of $12.50 per share, with a total value of $250,000.00. Following the transaction, the director now owns 30,500 shares of the company’s stock, valued at approximately $381,250. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 62,000 shares of company stock valued at $896,940. 0.80% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the business. Ameritas Investment Partners Inc. grew its position in AMC Entertainment Holdings by 8.3% during the second quarter. Ameritas Investment Partners Inc. now owns 4,845 shares of the company’s stock valued at $110,000 after acquiring an additional 372 shares during the period. Seven Eight Capital LP purchased a new stake in AMC Entertainment Holdings during the second quarter valued at about $125,000. Pacer Advisors Inc. boosted 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 worth $127,000 after buying an additional 601 shares during the period. NJ State Employees Deferred Compensation Plan purchased a new stake in shares of AMC Entertainment Holdings in the third quarter worth about $147,000. Finally, BNP Paribas Arbitrage SA boosted 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 worth $162,000 after buying an additional 6,055 shares during the period. 46.82% of the stock is owned by hedge funds and other institutional investors.

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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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