Clear Street Markets LLC purchased a new position in shares of AMC Entertainment Holdings Inc (NYSE:AMC) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,100 shares of the company’s stock, valued at approximately $119,000.
Other hedge funds also recently bought and sold shares of the company. NEXT Financial Group Inc boosted its holdings in shares of AMC Entertainment by 253.8% during the third quarter. NEXT Financial Group Inc now owns 3,485 shares of the company’s stock worth $37,000 after purchasing an additional 2,500 shares during the period. PARK CIRCLE Co boosted its holdings in shares of AMC Entertainment by 22.2% during the second quarter. PARK CIRCLE Co now owns 5,500 shares of the company’s stock worth $51,000 after purchasing an additional 1,000 shares during the period. Meeder Asset Management Inc. boosted its holdings in shares of AMC Entertainment by 126.1% during the third quarter. Meeder Asset Management Inc. now owns 8,726 shares of the company’s stock worth $93,000 after purchasing an additional 4,867 shares during the period. BBT Capital Management LLC acquired a new stake in shares of AMC Entertainment during the second quarter worth approximately $109,000. Finally, New Jersey Better Educational Savings Trust boosted its holdings in shares of AMC Entertainment by 33.3% during the second quarter. New Jersey Better Educational Savings Trust now owns 16,000 shares of the company’s stock worth $149,000 after purchasing an additional 4,000 shares during the period. Institutional investors and hedge funds own 50.00% of the company’s stock.
Several analysts recently commented on the stock. Credit Suisse Group assumed coverage on shares of AMC Entertainment in a report on Friday, July 19th. They set an “outperform” rating and a $18.00 price target for the company. Citigroup decreased their price target on shares of AMC Entertainment from $17.00 to $13.00 and set a “buy” rating for the company in a report on Friday, August 23rd. Wedbush set a $15.00 target price on shares of AMC Entertainment and gave the company a “buy” rating in a research note on Monday, October 21st. TheStreet upgraded shares of AMC Entertainment from a “d+” rating to a “c-” rating in a research note on Tuesday, September 17th. Finally, Barrington Research reiterated a “buy” rating and issued a $16.00 target price on shares of AMC Entertainment in a research note on Thursday, August 8th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $15.50.
AMC stock traded up $0.38 on Friday, reaching $9.62. 2,379,964 shares of the company were exchanged, compared to its average volume of 2,046,076. AMC Entertainment Holdings Inc has a 12 month low of $8.73 and a 12 month high of $17.84. The stock’s fifty day moving average price is $9.85 and its 200 day moving average price is $11.21. The firm has a market capitalization of $1.02 billion, a PE ratio of 74.00 and a beta of 0.81. The company has a debt-to-equity ratio of 7.30, a current ratio of 0.34 and a quick ratio of 0.34.
AMC Entertainment (NYSE:AMC) last announced its earnings results on Thursday, November 7th. The company reported ($0.53) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.42) by ($0.11). AMC Entertainment had a negative return on equity of 10.94% and a negative net margin of 0.20%. The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same period last year, the firm posted ($0.82) EPS. The company’s revenue was up 7.9% compared to the same quarter last year. As a group, research analysts expect that AMC Entertainment Holdings Inc will post -0.93 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 8.32%. The ex-dividend date of this dividend is Friday, November 29th. AMC Entertainment’s dividend payout ratio (DPR) is currently 615.38%.
AMC Entertainment Profile
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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