Shares of AMC Entertainment Holdings Inc (NYSE:AMC) have earned a consensus recommendation of “Hold” from the sixteen brokerages that are currently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $22.28.
Several brokerages recently weighed in on AMC. Wedbush upgraded AMC Entertainment to a “buy” rating and set a $25.00 price objective for the company in a research report on Tuesday, May 8th. MKM Partners upped their price objective on AMC Entertainment from $20.00 to $23.00 and gave the stock a “buy” rating in a research report on Tuesday, April 17th. B. Riley upped their price objective on AMC Entertainment to $27.50 and gave the stock a “buy” rating in a research report on Tuesday, May 8th. Zacks Investment Research downgraded AMC Entertainment from a “hold” rating to a “sell” rating in a research report on Tuesday, May 8th. Finally, Barrington Research restated a “buy” rating and set a $20.00 price objective on shares of AMC Entertainment in a research report on Friday, May 11th.
In other AMC Entertainment news, SVP Carla C. Sanders sold 6,000 shares of the stock in a transaction dated Friday, June 1st. The stock was sold at an average price of $14.76, for a total value of $88,560.00. Following the completion of the transaction, the senior vice president now directly owns 15,992 shares in the company, valued at $236,041.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.40% of the stock is currently owned by company insiders.
Several hedge funds have recently modified their holdings of the company. Quantbot Technologies LP bought a new stake in AMC Entertainment during the first quarter valued at $101,000. Advisor Group Inc. boosted its position in shares of AMC Entertainment by 445.3% in the fourth quarter. Advisor Group Inc. now owns 9,380 shares of the company’s stock valued at $141,000 after acquiring an additional 7,660 shares during the period. Oppenheimer Asset Management Inc. bought a new stake in shares of AMC Entertainment in the first quarter valued at approximately $142,000. Gargoyle Investment Advisor L.L.C. bought a new stake in shares of AMC Entertainment in the first quarter valued at approximately $146,000. Finally, Pitcairn Co. bought a new stake in shares of AMC Entertainment in the fourth quarter valued at approximately $238,000. 41.82% of the stock is owned by institutional investors.
Shares of NYSE:AMC traded up $0.07 during trading on Monday, reaching $15.52. 26,056 shares of the company traded hands, compared to its average volume of 1,777,743. The company has a debt-to-equity ratio of 2.31, a quick ratio of 0.60 and a current ratio of 0.60. AMC Entertainment has a 52 week low of $10.80 and a 52 week high of $25.05. The company has a market cap of $1.91 billion, a price-to-earnings ratio of -17.36, a PEG ratio of 10.83 and a beta of 0.77.
AMC Entertainment (NYSE:AMC) last announced its quarterly earnings data on Monday, May 7th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.12. AMC Entertainment had a negative return on equity of 7.13% and a negative net margin of 9.22%. The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the prior year, the company earned $0.07 EPS. AMC Entertainment’s revenue for the quarter was up 8.0% on a year-over-year basis. research analysts predict that AMC Entertainment will post 0.14 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, June 25th. Shareholders of record on Monday, June 11th will be given a $0.20 dividend. The ex-dividend date of this dividend is Friday, June 8th. This represents a $0.80 annualized dividend and a yield of 5.15%. AMC Entertainment’s dividend payout ratio is presently -89.89%.
About AMC Entertainment
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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