AMC Entertainment Holdings Inc (NYSE:AMC) Director Raymond C. Stachowiak purchased 160,559 shares of the stock in a transaction dated Wednesday, May 15th. The stock was acquired at an average price of $2.73 per share, for a total transaction of $438,326.07. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of AMC traded down $0.27 on Friday, hitting $13.13. 1,971,309 shares of the stock traded hands, compared to its average volume of 1,559,344. The company has a debt-to-equity ratio of 7.43, a quick ratio of 0.33 and a current ratio of 0.33. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of 101.00 and a beta of 0.94. AMC Entertainment Holdings Inc has a 1 year low of $11.66 and a 1 year high of $21.45.
AMC Entertainment (NYSE:AMC) last announced its quarterly earnings data on Thursday, May 9th. The company reported ($1.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.51) by ($0.74). The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.19 billion. AMC Entertainment had a negative net margin of 0.72% and a negative return on equity of 11.59%. The business’s quarterly revenue was down 13.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.14 EPS. Equities analysts expect that AMC Entertainment Holdings Inc will post -0.57 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Monday, June 10th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 6.09%. The ex-dividend date is Friday, June 7th. AMC Entertainment’s payout ratio is 615.38%.
Several analysts have recently commented on AMC shares. Barrington Research reiterated a “buy” rating on shares of AMC Entertainment in a research report on Friday, March 1st. B. Riley upgraded shares of AMC Entertainment from a “neutral” rating to a “buy” rating and increased their price target for the company from $18.00 to $20.00 in a research report on Monday, April 8th. Zacks Investment Research lowered shares of AMC Entertainment from a “hold” rating to a “sell” rating in a research report on Monday, January 21st. MKM Partners lowered their price target on shares of AMC Entertainment to $15.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 12th. Finally, Bank of America lowered shares of AMC Entertainment from a “neutral” rating to an “underperform” rating in a research report on Friday, January 25th. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $18.78.
Institutional investors and hedge funds have recently made changes to their positions in the stock. NumerixS Investment Technologies Inc purchased a new position in shares of AMC Entertainment during the fourth quarter valued at approximately $97,000. Morgan Stanley lifted its stake in shares of AMC Entertainment by 167.2% during the third quarter. Morgan Stanley now owns 626,017 shares of the company’s stock valued at $12,834,000 after buying an additional 391,695 shares during the period. Gabelli Funds LLC lifted its stake in shares of AMC Entertainment by 15.4% during the fourth quarter. Gabelli Funds LLC now owns 45,000 shares of the company’s stock valued at $553,000 after buying an additional 6,000 shares during the period. Meeder Asset Management Inc. lifted its stake in shares of AMC Entertainment by 99.3% during the fourth quarter. Meeder Asset Management Inc. now owns 21,302 shares of the company’s stock valued at $263,000 after buying an additional 10,614 shares during the period. Finally, Virtu Financial LLC purchased a new position in shares of AMC Entertainment during the first quarter valued at approximately $244,000. 51.87% of the stock is currently owned by institutional investors and hedge funds.
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About AMC Entertainment
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.
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