Is AMC Entertainment Holdings Inc (AMC) a Buy? The Stock Rises Again

Wedbush set a $23.00 price target on shares of AMC Entertainment Holdings and gave the stock a "buy" rating in a research note on Wednesday, August 2nd. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $28.76. (NYSE AMC) opened at 16.95 on Friday. The company's market capitalization is $2.10 billion. Clinton Gp reported 0.05% in AMC Entertainment Holdings Inc (NYSE:AMC). Oppenheimer & Co. Inc. owned about 0.21% of AMC Entertainment Holdings worth $6,177,000 at the end of the most recent quarter.

As of the latest earnings report the EPS was $-0.96 and is estimated to be $-1.02 for the current year with 130,792,000 shares outstanding. The total value of its holdings decreased 2.6%. The company had revenue of $1.20 billion for the quarter, compared to analysts' expectations of $1.22 billion. During the same quarter in the prior year, the firm earned $0.24 earnings per share. The firm's revenue for the quarter was up 57.3% on a year-over-year basis. On average, equities research analysts anticipate that AMC Entertainment Holdings will post ($1.02) earnings per share for the current year.

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AMC Entertainment Holdings (NYSE:AMC) last released its quarterly earnings data on Friday, August 4th. This buyback authorization permits the company to purchase up to 58% of its shares through open market purchases. Stock repurchase programs are often an indication that the company's board believes its stock is undervalued.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 27th. Shareholders of record on Monday, September 11th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, September 8th. For the quarter, shares have been noted at -33.26%. AMC Entertainment Holdings's dividend payout ratio is now -125.00%.

The counter witnessed a trading volume of 1.08 million shares versus an average volume of 0.9 million shares during last trading session. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jack Qunyao Gao purchased 20,000 shares of the company's stock in a transaction that occurred on Friday, August 18th. The shares were bought at an average cost of $15.79 per share, for a total transaction of $552,650.00. The disclosure for this purchase can be found here. Share performance for the month is now at -0.25%.

A number of other institutional investors also recently bought and sold shares of AMC. Federated Investors Inc. PA grew its stake in AMC Entertainment Holdings by 272.8% in the 2nd quarter. Asturias Capital LLC acquired a new position in shares of AMC Entertainment Holdings in the first quarter worth $20,796,000. Pacer Advisors Inc. purchased a new stake in AMC Entertainment Holdings in the 1st quarter valued at $157,000. Three Peaks Capital Management, LLC controls 596,325 shares with a value of $13,566,000. Short interest grew 1,102,598 over that period. Alliancebernstein L.P. now owns 75,348 shares of the company's stock valued at $2,370,000 after acquiring an additional 32,223 shares during the period. Finally, TheStreet downgraded shares of AMC Entertainment Holdings from a "b-" rating to a "c+" rating in a report on Friday, May 19th. BNP Paribas Arbitrage SA now owns 7,109 shares of the company's stock valued at $162,000 after buying an additional 6,055 shares during the last quarter.

AMC Entertainment Holdings, Inc., launched on June 6, 2007, 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.