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. Janus Capital Management LLC bolstered its ownership by buying 8,318 shares an increase of 0.3%.
Presently AMC Entertainment Holdings, Inc.
AMC Entertainment Holdings announced that its board has initiated a share repurchase plan on Thursday, August 3rd that authorizes the company to repurchase $100.00 million in outstanding shares. Three Peaks Capital Management, LLC owns 596,325 shares valued at $13,566,000. Pacer Advisors Inc. increased its stake in shares of AMC Entertainment Holdings by 12.0% during the 2nd quarter. Finally, UBS Oconnor LLC acquired a new position in shares of AMC Entertainment Holdings in the first quarter worth $20,708,000.
Shares of AMC Entertainment Holdings, Inc. This buyback authorization permits the company to purchase up to 58% of its stock through open market purchases. About 6.67 million shares traded or 79.78% up from the average. On average, equities research analysts expect that AMC Entertainment Holdings, Inc. will post ($1.02) EPS for the current fiscal year. The company has market cap of $2.22 billion.
The stock is trading at $16.95 which is impressively higher than the 50 day moving average of $14.80 and much lower than the 200 day moving average of $23.79. (NYSE AMC) opened at 16.95 on Friday. The dividend payment will be $0.200 per share for the quarter or $0.80 on an annualized basis. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.22 billion. The total value of its holdings decreased 2.6%. During the same quarter in the prior year, the firm earned $0.24 earnings per share.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 27th. Shareholders of record on Monday, September 11th will be given a dividend of $0.20 per share. This dividend represents a yeild of $5.26 which is the dividend as a percentage of the current share price. The ex-dividend date will be on Friday September 8th, 2017. AMC Entertainment Holdings's payout ratio is -125.00%.
On July 19, 2017 the stock rating was set at "Equal-Weight" by Barclays which is down from the previous "Overweight" rating. Stock repurchase programs are often an indication that the company's board believes its stock is undervalued.
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Tightening the gaze, stock performance for the last 5 trading days is 0.34%. The shares were bought at an average price of $15.79 per share, for a total transaction of $552,650.00. Institutional investors own 46.96% of the company's stock. Following 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. Analysts set a 12-month price target of $10 a share.
AMC has been the subject of a number of recent research reports. Zacks Investment Research cut shares of AMC Entertainment Holdings from a "hold" rating to a "sell" rating in a report on Wednesday, June 7th.
As of quarter end Asturias Capital LLC had bought 369,983 shares growing its position 56.0%. Finally, TheStreet downgraded shares of AMC Entertainment Holdings from a "b-" rating to a "c+" rating in a report on Friday, May 19th. On July 21, 2017 William Blair started covering AMC with a rating of "Equal-Weight". 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. (NYSE:AMC). At the time of writing, the First Call consensus price target for the company is $25.55.
Wall Street await AMC Entertainment Holdings Inc (NYSE:AMC) to release earnings on November, 6. (AMCE), American Multi-Cinema, Inc. It operates through theatrical exhibition operations segment.