Published On: Fri, Sep 9th, 2016

AMC Entertainment Holdings Inc. (AMC) Debt Trading 0.9% Lower

An issue of AMC Entertainment Holdings Inc. (NYSE:AMC) debt fell 0.9% as a percentage of its face value during trading on Thursday. The high-yield issue of debt has a 5.75% coupon and will mature on June 15, 2025. The bonds in the issue are now trading at $102.25 and were trading at $102.76 last week. Price moves in a company’s debt in credit markets sometimes anticipate parallel moves in its stock price.
A number of research analysts have commented on AMC shares. B. Riley restated a “buy” rating and issued a $37.00 price objective on shares of AMC Entertainment Holdings in a research note on Monday, July 18th. MKM Partners lifted their price objective on shares of AMC Entertainment Holdings from $33.00 to $35.00 and gave the company a “buy” rating in a research note on Monday, July 25th. FBR & Co restated a “buy” rating on shares of AMC Entertainment Holdings in a research note on Tuesday, August 2nd. Loop Capital started coverage on shares of AMC Entertainment Holdings in a research note on Tuesday, August 23rd. They issued a “buy” rating and a $35.00 price objective on the stock. Finally, Credit Suisse Group AG started coverage on shares of AMC Entertainment Holdings in a research note on Monday, June 13th. They issued an “outperform” rating and a $34.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $32.50.
Shares of AMC Entertainment Holdings Inc. (NYSE:AMC) opened at 30.83 on Friday. The stock has a market cap of $3.00 billion, a P/E ratio of 28.55 and a beta of 1.57. The company’s 50-day moving average is $29.57 and its 200-day moving average is $28.26. AMC Entertainment Holdings Inc. has a 12-month low of $19.28 and a 12-month high of $31.42.

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AMC Entertainment Holdings (NYSE:AMC) last posted its quarterly earnings data on Monday, August 1st. The company reported $0.24 EPS for the quarter, missing the Zacks’ consensus estimate of $0.27 by $0.03. During the same quarter last year, the business earned $0.45 EPS. The business had revenue of $764 million for the quarter, compared to analysts’ expectations of $772.99 million. AMC Entertainment Holdings’s revenue was down 7.0% compared to the same quarter last year. On average, analysts expect that AMC Entertainment Holdings Inc. will post $0.99 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 19th. Shareholders of record on Tuesday, September 6th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, September 1st. This represents a $0.80 dividend on an annualized basis and a yield of 2.59%. AMC Entertainment Holdings’s dividend payout ratio (DPR) is 74.77%.
In related news, CEO Adam M. Aron acquired 10,000 shares of AMC Entertainment Holdings stock in a transaction on Monday, August 8th. The shares were purchased at an average cost of $28.80 per share, for a total transaction of $288,000.00. Following the purchase, the chief executive officer now directly owns 20,000 shares of the company’s stock, valued at approximately $576,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.29% of the company’s stock.
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. The Company operates through theatrical exhibition operations segment.

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