AMC Entertainment Holdings Inc (AMC) Shares Slip on Weak Outlook

AMC Entertainment Holdings, Inc. most recently reported earnings per share (EPS) of -$1.35 for the June 2017 versus $0.24 in the same quarter a year ago, representing -663% growth.

On a similar note, analysts expect EPS of -$0.37 in September 2017 quarter and $0.51 in December 2017 quarter, representing -219.35% and 37.84% growth, respectively.

The stock of AMC Entertainment Holdings Inc (NYSE:AMC) hit a new 52-week low and has $10.95 target or 8.00 % below today's $11.90 share price. Pacer Advisors Inc. now owns 5,600 shares of the company's stock valued at $127,000 after acquiring an additional 601 shares in the last quarter. The firm had revenue of $1.20 billion during the quarter, compared to analysts' expectations of $1.22 billion. The company had a trading volume of 2,943,487 shares, compared to its average volume of 2,649,153. Finally, Canyon Capital Advisors LLC purchased a new position in shares of AMC Entertainment Holdings in the second quarter worth $44,363,000. Wedbush maintained AMC Entertainment Holdings Inc (NYSE:AMC) on Wednesday, November 1 with "Buy" rating. Topeka Capital Markets maintained the shares of AMC in report on Wednesday, January 6 with "Hold" rating. (NYSE:AMC) is Virtus Fund Advisers, Llc, which now holds 3,966,159 shares. BNP Paribas Arbitrage SA grew its position in shares of AMC Entertainment Holdings by 574.5% during the second quarter.

In other AMC Entertainment Holdings news, Director Jack Qunyao Gao bought 7,000 shares of AMC Entertainment Holdings stock in a transaction on Wednesday, August 16th.

AMC Entertainment Holdings, Inc. on 6/29/2017 reported its EPS as $0.31 with the analysts projecting the EPS of the stock as $0.27. Four equity analysts rating the company a strong buy, nine equity analysts rating the company a buy, three equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $33.14. Moreover, P.A.W. Capital Corp has 1.63% invested in the company for 96,000 shares. Benchmark Co. lowered shares of AMC Entertainment Holdings from a "buy" rating to a "hold" rating in a research note on Thursday, August 3rd.

Beta is also an important valuation ratio for analyzing the stock of the company, AMC has Beta of 1.41 while its industry and Sector's beta remains at 0.56 and 1.27 respectively. This buyback authorization permits the company to reacquire up to 58% of its shares through open market purchases. Following the transaction, the chief executive officer now directly owns 125,426 shares of the company's stock, valued at approximately $1,980,476.54.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 18th. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Barclays Public Ltd Llc invested in 0% or 10,782 shares. Also, major shareholder American Multi-Cinema, Inc. sold 12,000,000 shares of the firm's stock in a transaction on Monday, September 18th. This represents a $0.80 annualized dividend and a dividend yield of 6.72%. The stock was purchased at an average cost of $12.50 per share, with a total value of $250,000.00. AMC Entertainment Holdings's dividend payout ratio (DPR) is presently -125.00%. Following the purchase, the director now owns 30,500 shares in the company, valued at approximately $381,250. Natl Bank Of Nova Scotia stated it has 0.01% in AMC Entertainment Holdings Inc (NYSE:AMC). In the last ninety days, insiders acquired 62,000 shares of company stock worth $896,940. "(AMC)" was originally published by StockNewsTimes and is the property of of StockNewsTimes. The disclosure for this purchase can be found here. If you are reading this story on another site, it was illegally copied and reposted in violation of USA & worldwide copyright law. The legal version of this piece can be viewed at 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.

AMC Entertainment Holdings, Inc is a holding company. It operates through theatrical exhibition activities segment. The percentage of shares being held by the company management was 0.1% while institutional stake was 63.2%. It licenses first-run motion pictures from distributors owned by film production companies and from independent distributors.

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