AMC Entertainment (AMC) Downgraded to Hold at ValuEngine

AMC Entertainment (NYSE:AMC) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Saturday.

Several other brokerages also recently weighed in on AMC. William Blair restated a “hold” rating on shares of AMC Entertainment in a research report on Monday, September 17th. Wedbush upgraded AMC Entertainment to a “buy” rating and set a $25.00 price objective for the company in a research report on Monday, September 17th. Zacks Investment Research downgraded AMC Entertainment from a “buy” rating to a “hold” rating in a research report on Friday, July 20th. MKM Partners downgraded AMC Entertainment from a “buy” rating to a “neutral” rating and set a $21.00 price objective for the company. in a research report on Friday, September 14th. They noted that the move was a valuation call. Finally, Barrington Research restated a “buy” rating and set a $22.00 price objective on shares of AMC Entertainment in a research report on Friday. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. AMC Entertainment has a consensus rating of “Buy” and an average price target of $21.81.

NYSE:AMC opened at $15.66 on Friday. The firm has a market cap of $2.35 billion, a PE ratio of -17.60, a P/E/G ratio of 115.13 and a beta of 0.83. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 2.41. AMC Entertainment has a fifty-two week low of $10.80 and a fifty-two week high of $21.45.

AMC Entertainment (NYSE:AMC) last released its earnings results on Thursday, November 8th. The company reported ($0.82) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.49) by ($0.33). AMC Entertainment had a negative net margin of 5.15% and a positive return on equity of 1.70%. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the previous year, the company posted ($0.33) earnings per share. The business’s revenue was up 3.6% compared to the same quarter last year. On average, research analysts expect that AMC Entertainment will post 0.02 earnings per share for the current year.

In other AMC Entertainment news, Director Wanda America Investment Holdi sold 75,826,927 shares of the company’s stock in a transaction dated Friday, September 7th. The stock was sold at an average price of $1.82, for a total value of $138,005,007.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John D. Mcdonald sold 17,500 shares of the company’s stock in a transaction dated Monday, October 15th. The stock was sold at an average price of $18.70, for a total value of $327,250.00. Following the completion of the transaction, the executive vice president now directly owns 39,462 shares of the company’s stock, valued at approximately $737,939.40. The disclosure for this sale can be found here. 0.80% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Cornerstone Wealth Management LLC purchased a new stake in shares of AMC Entertainment during the second quarter valued at approximately $352,000. Bank of Montreal Can grew its position in shares of AMC Entertainment by 141.4% during the second quarter. Bank of Montreal Can now owns 9,006 shares of the company’s stock valued at $143,000 after purchasing an additional 5,275 shares in the last quarter. Hollencrest Capital Management purchased a new position in shares of AMC Entertainment during the third quarter valued at about $208,000. Macquarie Group Ltd. purchased a new position in shares of AMC Entertainment during the second quarter valued at about $165,000. Finally, Chartwell Investment Partners LLC purchased a new position in shares of AMC Entertainment during the second quarter valued at about $166,000. 40.25% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for AMC Entertainment (NYSE:AMC)

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