AMC Entertainment Holdings Inc (NYSE:AMC) – Analysts at Wedbush reduced their Q4 2017 earnings estimates for AMC Entertainment in a research note issued to investors on Tuesday. Wedbush analyst M. Pachter now forecasts that the company will post earnings of $0.25 per share for the quarter, down from their previous estimate of $0.31. Wedbush currently has a “Buy” rating and a $19.00 target price on the stock.
A number of other research analysts have also recently issued reports on AMC. Credit Suisse Group cut their price objective on AMC Entertainment from $12.00 to $10.00 and set an “underperform” rating for the company in a report on Tuesday, November 7th. B. Riley set a $30.00 price objective on AMC Entertainment and gave the stock a “buy” rating in a research report on Tuesday, November 14th. Zacks Investment Research lowered AMC Entertainment from a “buy” rating to a “hold” rating in a research report on Tuesday, January 23rd. Finally, Royal Bank of Canada lowered AMC Entertainment from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, January 10th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $23.25.
AMC Entertainment (NYSE:AMC) opened at $14.50 on Wednesday. The company has a market capitalization of $1,857.74, a price-to-earnings ratio of -11.33 and a beta of 1.10. AMC Entertainment has a 12-month low of $10.80 and a 12-month high of $32.10. The company has a debt-to-equity ratio of 2.01, a current ratio of 0.53 and a quick ratio of 0.53.
Several institutional investors have recently bought and sold shares of the company. Janus Henderson Group PLC grew its position in shares of AMC Entertainment by 47.7% during the 3rd quarter. Janus Henderson Group PLC now owns 4,142,367 shares of the company’s stock worth $60,893,000 after buying an additional 1,338,462 shares during the period. Baupost Group LLC MA acquired a new position in shares of AMC Entertainment during the 3rd quarter worth about $52,411,000. Dimensional Fund Advisors LP grew its position in shares of AMC Entertainment by 3.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,091,618 shares of the company’s stock worth $30,747,000 after buying an additional 63,316 shares during the period. GMT Capital Corp grew its position in shares of AMC Entertainment by 508.6% during the 3rd quarter. GMT Capital Corp now owns 1,954,804 shares of the company’s stock worth $28,736,000 after buying an additional 1,633,604 shares during the period. Finally, Victory Capital Management Inc. acquired a new position in shares of AMC Entertainment during the 4th quarter worth about $27,305,000. Institutional investors own 49.57% of the company’s stock.
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About AMC Entertainment
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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