AMC Entertainment (NYSE:AMC) Given a $16.00 Price Target at Macquarie

Macquarie set a $16.00 price objective on AMC Entertainment (NYSE:AMC) in a research note published on Tuesday morning, TipRanks reports. The brokerage currently has a buy rating on the stock.

AMC has been the topic of several other reports. Zacks Investment Research downgraded shares of AMC Entertainment from a hold rating to a strong sell rating in a report on Wednesday, October 9th. TheStreet raised shares of AMC Entertainment from a d+ rating to a c- rating in a report on Tuesday, September 17th. Barrington Research reissued a buy rating and set a $16.00 price target on shares of AMC Entertainment in a report on Thursday, August 8th. Loop Capital reissued a hold rating on shares of AMC Entertainment in a report on Wednesday, July 3rd. Finally, Roth Capital initiated coverage on shares of AMC Entertainment in a report on Friday, July 19th. They set an outperform rating and a $18.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $15.50.

Shares of AMC stock traded down $0.14 during trading hours on Tuesday, hitting $9.20. The company’s stock had a trading volume of 895,775 shares, compared to its average volume of 2,164,571. The company has a 50 day moving average of $10.72 and a 200 day moving average of $11.91. The stock has a market cap of $968.92 million, a PE ratio of 70.77 and a beta of 0.85. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 7.30. AMC Entertainment has a 12-month low of $8.73 and a 12-month high of $20.36.

AMC Entertainment (NYSE:AMC) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.17 EPS for the quarter, meeting the consensus estimate of $0.17. The business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.46 billion. AMC Entertainment had a negative net margin of 0.20% and a negative return on equity of 10.94%. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.17 EPS. As a group, analysts anticipate that AMC Entertainment will post -0.91 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Monday, September 9th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 8.70%. The ex-dividend date was Friday, September 6th. AMC Entertainment’s dividend payout ratio (DPR) is presently 615.38%.

A number of institutional investors and hedge funds have recently bought and sold shares of AMC. PARK CIRCLE Co lifted its holdings in AMC Entertainment by 22.2% during the second quarter. PARK CIRCLE Co now owns 5,500 shares of the company’s stock valued at $51,000 after purchasing an additional 1,000 shares in the last quarter. Meeder Asset Management Inc. lifted its holdings in AMC Entertainment by 126.1% during the third quarter. Meeder Asset Management Inc. now owns 8,726 shares of the company’s stock valued at $93,000 after purchasing an additional 4,867 shares in the last quarter. BBT Capital Management LLC purchased a new position in AMC Entertainment during the second quarter valued at $109,000. New Jersey Better Educational Savings Trust lifted its holdings in AMC Entertainment by 33.3% during the second quarter. New Jersey Better Educational Savings Trust now owns 16,000 shares of the company’s stock valued at $149,000 after purchasing an additional 4,000 shares in the last quarter. Finally, Fox Run Management L.L.C. purchased a new position in AMC Entertainment during the second quarter valued at $158,000. 48.95% of the stock is currently owned by institutional investors and hedge funds.

About AMC Entertainment

AMC Entertainment Holdings, Inc, through its subsidiaries, involved in the theatrical exhibition business. The company owns, operates, or has interests in theatres. As of December 31, 2018, it owned, operated, or had interests in 637 theatres with a total of 8,114 screens in the United States; and 369 theatres and 2,977 screens in European markets.

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Analyst Recommendations for AMC Entertainment (NYSE:AMC)

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