Benchmark upgraded shares of AMC Entertainment (NYSE:AMC) from a hold rating to a buy rating in a report published on Thursday, Marketbeat Ratings reports. The brokerage currently has $20.00 price objective on the stock.
A number of other brokerages also recently weighed in on AMC. Barrington Research reaffirmed a buy rating and issued a $20.00 target price on shares of AMC Entertainment in a report on Friday, May 11th. Zacks Investment Research downgraded AMC Entertainment from a hold rating to a sell rating in a report on Tuesday, May 8th. ValuEngine downgraded AMC Entertainment from a hold rating to a sell rating in a report on Tuesday, May 22nd. B. Riley raised their target price on AMC Entertainment to $27.50 and gave the company a buy rating in a report on Tuesday, May 8th. Finally, MKM Partners raised their target price on AMC Entertainment from $20.00 to $23.00 and gave the company a buy rating in a report on Tuesday, April 17th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $21.54.
Shares of NYSE:AMC opened at $16.60 on Thursday. The company has a market cap of $2.20 billion, a P/E ratio of -18.65, a P/E/G ratio of 12.46 and a beta of 0.77. AMC Entertainment has a 1 year low of $10.80 and a 1 year high of $24.20. 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 (NYSE:AMC) last issued its quarterly earnings results on Monday, May 7th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.12. The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.35 billion. AMC Entertainment had a negative return on equity of 7.13% and a negative net margin of 9.22%. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.07 earnings per share. analysts anticipate that AMC Entertainment will post 0.14 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, June 25th. Stockholders of record on Monday, June 11th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.82%. The ex-dividend date is Friday, June 8th. AMC Entertainment’s payout ratio is -89.89%.
In other news, SVP Carla C. Sanders sold 6,000 shares of the stock in a transaction on 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 approximately $236,041.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.80% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Quantbot Technologies LP bought a new position in shares of AMC Entertainment in the 1st quarter valued at $101,000. Advisor Group Inc. lifted its stake in shares of AMC Entertainment by 445.3% in the 4th 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 last quarter. Oppenheimer Asset Management Inc. bought a new position in shares of AMC Entertainment in the 1st quarter valued at $142,000. Gargoyle Investment Advisor L.L.C. bought a new position in shares of AMC Entertainment in the 1st quarter valued at $146,000. Finally, Pitcairn Co. bought a new position in shares of AMC Entertainment in the 4th quarter valued at $238,000. Institutional investors own 41.59% of the company’s stock.
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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