AMC Entertainment (AMC) Debt Trading 1.1% Lower

An issue of AMC Entertainment Holdings Inc (NYSE:AMC) bonds fell 1.1% against their face value during trading on Tuesday. The high-yield issue of debt has a 5.875% coupon and is set to mature on November 15, 2026. The debt is now trading at $89.95 and was trading at $91.57 last week. Price moves in a company’s bonds in credit markets often anticipate parallel moves in its stock price.

A number of equities research analysts have recently commented on the company. Wedbush reaffirmed an “outperform” rating and set a $22.00 price target on shares of AMC Entertainment in a research report on Friday, February 22nd. B. Riley lowered AMC Entertainment from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $29.00 to $17.00 in a research report on Tuesday, January 22nd. Imperial Capital raised their price target on AMC Entertainment from $22.00 to $23.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. Loop Capital assumed coverage on AMC Entertainment in a research report on Thursday, January 31st. They set a “hold” rating and a $15.00 price target on the stock. Finally, Bank of America lowered AMC Entertainment from a “neutral” rating to an “underperform” rating in a research report on Friday, January 25th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $18.89.

Shares of NYSE:AMC traded up $0.05 during mid-day trading on Thursday, reaching $14.48. 1,081,658 shares of the stock were exchanged, compared to its average volume of 1,431,693. The company has a debt-to-equity ratio of 3.72, a quick ratio of 0.59 and a current ratio of 0.59. The company has a market cap of $1.50 billion, a PE ratio of 111.38, a PEG ratio of 5.55 and a beta of 0.94. AMC Entertainment Holdings Inc has a one year low of $11.66 and a one year high of $21.45.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 25th. Investors of record on Monday, March 11th will be issued a dividend of $0.20 per share. The ex-dividend date is Friday, March 8th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.52%. AMC Entertainment’s payout ratio is presently 615.38%.

In related news, EVP John D. Mcdonald sold 7,500 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $15.75, for a total transaction of $118,125.00. Following the completion of the transaction, the executive vice president now directly owns 54,746 shares in the company, valued at $862,249.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.01% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of AMC. Captrust Financial Advisors bought a new position in shares of AMC Entertainment during the fourth quarter worth about $44,000. Sun Life Financial INC bought a new position in AMC Entertainment in the fourth quarter valued at approximately $69,000. Oppenheimer Asset Management Inc. bought a new position in AMC Entertainment in the fourth quarter valued at approximately $75,000. NumerixS Investment Technologies Inc bought a new position in AMC Entertainment in the fourth quarter valued at approximately $97,000. Finally, Legal & General Group Plc grew its stake in AMC Entertainment by 16.0% in the fourth quarter. Legal & General Group Plc now owns 9,306 shares of the company’s stock valued at $114,000 after purchasing an additional 1,287 shares in the last quarter. Institutional investors and hedge funds own 40.33% of the company’s stock.

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AMC Entertainment Company Profile (NYSE:AMC)

AMC Entertainment Holdings, Inc, through its subsidiaries, operates in the theatrical exhibition business. The company owns, operates, or has interests in theatres. As of December 31, 2017, it owned, operated, or had interests in 649 theatres with a total of 8,224 screens in the United States; and 365 theatres and 2,945 screens internationally.

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