AMC Entertainment (AMC) Receives Buy Rating from Barrington Research

Barrington Research reaffirmed their buy rating on shares of AMC Entertainment (NYSE:AMC) in a report issued on Friday.

Several other analysts also recently commented on the stock. William Blair reissued a hold rating on shares of AMC Entertainment in a research report on Monday, September 17th. Zacks Investment Research raised shares of AMC Entertainment from a hold rating to a buy rating and set a $18.00 price objective on the stock in a research report on Wednesday, July 4th. Wedbush raised shares of AMC Entertainment to a buy rating and set a $25.00 price objective on the stock in a research report on Monday, September 17th. MKM Partners downgraded shares of AMC Entertainment from a buy rating to a neutral rating and set a $21.00 price objective on the stock. in a research report on Friday, September 14th. They noted that the move was a valuation call. Finally, ValuEngine raised shares of AMC Entertainment from a sell rating to a hold rating in a research report on Friday, August 3rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $20.28.

AMC stock traded up $0.17 during trading on Friday, hitting $19.81. 1,527,960 shares of the stock traded hands, compared to its average volume of 1,839,428. AMC Entertainment has a 1 year low of $10.80 and a 1 year high of $21.45. The company has a market capitalization of $2.51 billion, a price-to-earnings ratio of -22.26, a price-to-earnings-growth ratio of 35.07 and a beta of 0.82. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.68 and a current ratio of 0.68.

AMC Entertainment (NYSE:AMC) last announced its quarterly earnings data on Wednesday, August 1st. The company reported $0.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.05. AMC Entertainment had a negative net margin of 5.15% and a positive return on equity of 1.70%. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the prior year, the firm posted ($1.35) EPS. AMC Entertainment’s revenue for the quarter was up 20.0% on a year-over-year basis. As a group, research analysts predict that AMC Entertainment will post 0.06 earnings per share for the current fiscal year.

The business also recently declared a special dividend, which was paid on Friday, September 28th. Stockholders of record on Tuesday, September 25th were issued a dividend of $1.55 per share. This represents a dividend yield of 4.01%. The ex-dividend date was Monday, September 24th. AMC Entertainment’s payout ratio is presently -89.89%.

In other news, EVP John D. Mcdonald sold 17,500 shares of the firm’s stock in a transaction dated Monday, July 30th. The shares were sold at an average price of $15.42, for a total transaction of $269,850.00. Following the sale, the executive vice president now owns 56,961 shares of the company’s stock, valued at approximately $878,338.62. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Wanda America Investment Holdi sold 75,826,927 shares of the firm’s stock in a transaction dated Friday, September 7th. The shares were sold at an average price of $1.82, for a total transaction of $138,005,007.14. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 75,861,927 shares of company stock worth $138,602,107. Insiders own 0.80% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Millennium Management LLC boosted its holdings 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. JPMorgan Chase & Co. boosted its holdings in shares of AMC Entertainment by 105.0% in the first quarter. JPMorgan Chase & Co. now owns 27,353 shares of the company’s stock worth $384,000 after buying an additional 572,903 shares during the last quarter. Janus Henderson Group PLC boosted its holdings 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. Engineers Gate Manager LP boosted its holdings in shares of AMC Entertainment by 1,806.7% in the second quarter. Engineers Gate Manager LP now owns 198,296 shares of the company’s stock worth $3,153,000 after buying an additional 187,896 shares during the last quarter. Finally, Gamco Investors INC. ET AL boosted its holdings in shares of AMC Entertainment by 626.3% in the second quarter. Gamco Investors INC. ET AL now owns 138,000 shares of the company’s stock worth $2,194,000 after buying an additional 119,000 shares during the last quarter. 40.04% of the stock is currently owned by hedge funds and other institutional investors.

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.

Further Reading: Put Option

Analyst Recommendations for AMC Entertainment (NYSE:AMC)

Receive News & Ratings for AMC Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMC Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply