AMC Entertainment (NYSE:AMC) received a $19.00 price objective from Wedbush in a note issued to investors on Tuesday. The brokerage currently has a “buy” rating on the stock. Wedbush’s price objective indicates a potential upside of 31.94% from the company’s previous close. Wedbush also issued estimates for AMC Entertainment’s Q4 2017 earnings at $0.25 EPS.
AMC has been the topic of a number of other research reports. Royal Bank of Canada cut AMC Entertainment from an “outperform” rating to a “sector perform” rating in a report on Wednesday, January 10th. Credit Suisse Group lowered their price target on AMC Entertainment from $12.00 to $10.00 and set an “underperform” rating on the stock in a report on Tuesday, November 7th. Zacks Investment Research raised AMC Entertainment from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a report on Tuesday, January 16th. Finally, B. Riley reaffirmed a “buy” rating and issued a $30.00 price target (down previously from $30.50) on shares of AMC Entertainment in a report on Tuesday, November 7th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $23.25.
AMC Entertainment (AMC) opened at $14.40 on Tuesday. AMC Entertainment has a 1 year low of $10.80 and a 1 year high of $32.10. The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.53 and a current ratio of 0.53. The company has a market capitalization of $1,857.74, a price-to-earnings ratio of -11.25 and a beta of 1.10.
Institutional investors have recently made changes to their positions in the company. Independent Advisor Alliance bought a new position in shares of AMC Entertainment during the 3rd quarter valued at about $291,000. Aperio Group LLC bought a new position in shares of AMC Entertainment during the 3rd quarter valued at about $440,000. Corbyn Investment Management Inc. MD increased its position in shares of AMC Entertainment by 2.4% during the 3rd quarter. Corbyn Investment Management Inc. MD now owns 578,509 shares of the company’s stock valued at $8,504,000 after purchasing an additional 13,755 shares during the last quarter. Caxton Associates LP bought a new position in shares of AMC Entertainment during the 3rd quarter valued at about $2,205,000. Finally, Public Employees Retirement System of Ohio increased its position in shares of AMC Entertainment by 10,509.5% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 96,228 shares of the company’s stock valued at $1,415,000 after purchasing an additional 95,321 shares during the last quarter. Hedge funds and other institutional investors own 49.57% of the company’s stock.
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AMC Entertainment 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. 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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