Wedbush upgraded shares of AMC Entertainment (NYSE:AMC) to a buy rating in a research report sent to investors on Friday. They currently have $25.00 price objective on the stock.
Several other research analysts have also commented on the company. Barrington Research reissued a buy rating on shares of AMC Entertainment in a research report on Friday, October 19th. ValuEngine raised AMC Entertainment from a hold rating to a buy rating in a research report on Tuesday, October 2nd. William Blair reissued a hold rating on shares of AMC Entertainment in a research report on Monday, September 17th. MKM Partners lowered AMC Entertainment from a buy rating to a neutral rating and set a $21.00 price target for the company. in a research report on Friday, September 14th. They noted that the move was a valuation call. Finally, Zacks Investment Research lowered AMC Entertainment from a buy rating to a hold rating in a research report on Friday, July 20th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $21.81.
NYSE AMC traded down $2.47 on Friday, reaching $15.66. 6,800,138 shares of the stock traded hands, compared to its average volume of 1,907,198. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 2.41. The firm has a market cap of $2.34 billion, a PE ratio of 65.64, a price-to-earnings-growth ratio of 114.88 and a beta of 0.83. AMC Entertainment has a 12 month low of $10.80 and a 12 month high of $21.45.
AMC Entertainment (NYSE:AMC) last issued its earnings results on Thursday, November 8th. The company reported ($0.82) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.49) by ($0.33). The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.22 billion. AMC Entertainment had a negative net margin of 5.15% and a positive return on equity of 1.70%. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period last year, the firm earned ($0.33) earnings per share. On average, research analysts expect that AMC Entertainment will post 0.02 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 26th. Investors of record on Monday, December 10th will be paid a dividend of $0.20 per share. The ex-dividend date is Friday, December 7th. This represents a $0.80 annualized dividend and a yield of 5.11%. AMC Entertainment’s dividend payout ratio (DPR) is -89.89%.
In other AMC Entertainment news, Director Wanda America Investment Holdi sold 75,826,927 shares of the business’s stock in a transaction dated Friday, September 7th. The stock was sold at an average price of $1.82, for a total transaction of $138,005,007.14. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP John D. Mcdonald sold 17,500 shares of the business’s stock in a transaction dated Monday, October 15th. The shares were sold at an average price of $18.70, for a total value of $327,250.00. Following the sale, the executive vice president now owns 39,462 shares in the company, valued at approximately $737,939.40. The disclosure for this sale can be found here. 0.80% of the stock is owned by insiders.
A number of institutional investors have recently bought and sold shares of AMC. Janus Henderson Group PLC boosted its stake in shares of AMC Entertainment by 6.8% in the second quarter. Janus Henderson Group PLC now owns 4,808,385 shares of the company’s stock worth $76,453,000 after buying an additional 307,890 shares during the last quarter. BlackRock Inc. boosted its stake in shares of AMC Entertainment by 3.0% in the third quarter. BlackRock Inc. now owns 3,563,216 shares of the company’s stock worth $73,044,000 after buying an additional 103,113 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of AMC Entertainment by 11.0% in the third quarter. Victory Capital Management Inc. now owns 2,346,380 shares of the company’s stock worth $48,101,000 after buying an additional 232,850 shares during the last quarter. Millennium Management LLC boosted its stake in shares of AMC Entertainment by 416.0% in the second quarter. Millennium Management LLC now owns 791,950 shares of the company’s stock worth $12,592,000 after buying an additional 638,484 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of AMC Entertainment in the third quarter worth about $14,740,000. Institutional investors and hedge funds own 40.25% of the company’s stock.
AMC Entertainment Company Profile
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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