News coverage about AMC Entertainment Holdings (NYSE:AMC) has trended somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. AMC Entertainment Holdings earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave headlines about the company an impact score of 46.0508699166464 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
- Performance Analysis Delights Active Investors: AMC Entertainment Holdings, Inc. (NYSE:AMC) – NASDAQ Times (nasdaqtimes.com)
- Huge Demand for ‘Star Wars: The Last Jedi’ Pre-Sale Tickets Caused Delays on Fandango (finance.yahoo.com)
- Blade Runner sequel leads box office, falls short of estimates – Seeking Alpha (seekingalpha.com)
- Investors boo cinema stocks after ‘Blade Runner 2049’ underwhelms – One America News Network (press release) (oann.com)
A number of equities research analysts have recently weighed in on the company. BidaskClub lowered AMC Entertainment Holdings from a “sell” rating to a “strong sell” rating in a research note on Friday, June 23rd. Credit Suisse Group dropped their price target on AMC Entertainment Holdings from $26.00 to $20.00 and set an “underperform” rating on the stock in a research note on Friday, June 23rd. Zacks Investment Research lowered AMC Entertainment Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Loop Capital restated a “buy” rating and set a $39.00 price target on shares of AMC Entertainment Holdings in a research note on Monday, July 10th. Finally, Barrington Research restated an “outperform” rating and set a $23.00 price target on shares of AMC Entertainment Holdings in a research note on Wednesday, August 2nd. Three research analysts have rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the stock. AMC Entertainment Holdings currently has a consensus rating of “Hold” and an average target price of $27.39.
Shares of AMC Entertainment Holdings (NYSE:AMC) remained flat at $13.85 during midday trading on Wednesday. 1,371,661 shares of the company were exchanged. AMC Entertainment Holdings has a 52-week low of $12.05 and a 52-week high of $35.65. The company’s market capitalization is $762.84 million. The firm has a 50-day moving average of $14.60 and a 200 day moving average of $21.76.
AMC Entertainment Holdings (NYSE:AMC) last released its quarterly earnings results on Friday, August 4th. The company reported ($1.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($1.41). The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.22 billion. AMC Entertainment Holdings had a negative return on equity of 3.44% and a negative net margin of 2.49%. The company’s quarterly revenue was up 57.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.24 EPS. On average, analysts expect that AMC Entertainment Holdings will post ($1.01) earnings per share for the current year.
AMC Entertainment Holdings declared that its Board of Directors has authorized a stock repurchase plan on Thursday, August 3rd that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 58% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 27th. Shareholders of record on Monday, September 11th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, September 8th. This represents a $0.80 annualized dividend and a dividend yield of 5.78%. AMC Entertainment Holdings’s dividend payout ratio (DPR) is currently -125.00%.
In related news, Director Jack Qunyao Gao bought 7,000 shares of the stock in a transaction on Wednesday, August 16th. The shares were bought at an average cost of $13.47 per share, for a total transaction of $94,290.00. Following the purchase, the director now owns 10,500 shares of the company’s stock, valued at approximately $141,435. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder American Multi-Cinema, Inc. sold 12,000,000 shares of AMC Entertainment Holdings stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $6.09, for a total value of $73,080,000.00. The disclosure for this sale can be found here. Insiders acquired a total of 62,000 shares of company stock worth $896,940 over the last quarter. Company insiders own 0.80% of the company’s stock.
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AMC Entertainment Holdings Company Profile
AMC Entertainment Holdings, Inc 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. It operates through theatrical exhibition operations segment. It licenses first-run motion pictures from distributors owned by film production companies and from independent distributors.
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