AMC Entertainment Holdings Inc

Postado Setembro 17, 2017

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.

COPYRIGHT VIOLATION WARNING: This story was originally reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this report on another domain, it was illegally copied and reposted in violation of United States & global copyright & trademark law. The original version of this piece can be viewed at https://weekherald.com/2017/09/16/adam-m-aron-acquires-35000-shares-of-amc-entertainment-holdings-inc-amc-stock.html.

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.