AMC Entertainment Holdings, Inc. Declares Quarterly Dividend of $0.01 (NYSE:AMC)

AMC Entertainment Holdings, Inc. (NYSE:AMC – Get Rating) announced a quarterly dividend on Thursday, August 4th, Zacks reports. Stockholders of record on Monday, August 15th will be given a dividend of 0.01 per share on Friday, August 19th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.18%. The ex-dividend date is Friday, August 12th.

AMC Entertainment Stock Performance

AMC stock opened at $22.18 on Friday. AMC Entertainment has a 1 year low of $9.70 and a 1 year high of $52.79. The firm has a market cap of $11.46 billion, a P/E ratio of -13.95 and a beta of 1.64. The stock has a 50-day simple moving average of $14.26 and a 200-day simple moving average of $15.90.

AMC Entertainment (NYSE:AMC – Get Rating) last posted its earnings results on Thursday, August 4th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.03). The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same period in the prior year, the business posted ($0.71) EPS. The business’s quarterly revenue was up 162.3% on a year-over-year basis. On average, equities research analysts predict that AMC Entertainment will post -1.13 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Citigroup reduced their price target on AMC Entertainment from $6.00 to $5.00 and set a “sell” rating for the company in a report on Thursday, July 7th. B. Riley reduced their price target on AMC Entertainment from $16.00 to $11.00 and set a “neutral” rating for the company in a report on Tuesday, June 21st. The Goldman Sachs Group reduced their price target on AMC Entertainment to $34.00 and set a “neutral” rating for the company in a report on Friday, July 29th. Wedbush reaffirmed an “underperform” rating and set a $4.00 target price on shares of AMC Entertainment in a report on Tuesday. Finally, StockNews.com raised AMC Entertainment to a “sell” rating in a report on Wednesday, July 20th. Four research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $13.50.

Institutional Trading of AMC Entertainment

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of AMC Entertainment by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 47,381,679 shares of the company’s stock worth $1,167,484,000 after purchasing an additional 296,013 shares during the period. State Street Corp raised its position in shares of AMC Entertainment by 0.8% during the 1st quarter. State Street Corp now owns 13,393,337 shares of the company’s stock worth $330,012,000 after purchasing an additional 107,221 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of AMC Entertainment by 0.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,638,723 shares of the company’s stock worth $65,018,000 after purchasing an additional 15,123 shares during the period. Invesco Ltd. increased its position in AMC Entertainment by 418.4% in the 1st quarter. Invesco Ltd. now owns 2,635,266 shares of the company’s stock valued at $64,934,000 after acquiring an additional 2,126,916 shares during the period. Finally, Eaton Vance Management increased its position in AMC Entertainment by 71,855.2% in the 1st quarter. Eaton Vance Management now owns 213,707 shares of the company’s stock valued at $5,265,000 after acquiring an additional 213,410 shares during the period. 34.20% of the stock is currently owned by institutional investors and hedge funds.

AMC Entertainment Company Profile

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AMC Entertainment Holdings, Inc, through its subsidiaries, engages in the theatrical exhibition business. The company owns, operates, or has interests in theatres in the United States and Europe. As of March 1, 2022, it operated approximately 950 theatres and 10,600 screens. The company was founded in 1920 and is headquartered in Leawood, Kansas.