AMC Entertainment Holdings Inc (AMC) Lowered to “C+” at TheStreet
AMC Entertainment Holdings Inc (NYSE:AMC) was downgraded by analysts at TheStreet from a “b-” rating to a “c+” rating in a report issued on Friday.
Other equities analysts also recently issued reports about the stock. Royal Bank of Canada reissued a “buy” rating and issued a $38.00 price target on shares of AMC Entertainment Holdings in a research note on Wednesday, March 1st. B. Riley reissued a “buy” rating and issued a $47.50 price target on shares of AMC Entertainment Holdings in a research note on Saturday, February 18th. Wedbush set a $41.00 price target on shares of AMC Entertainment Holdings and gave the stock a “buy” rating in a research note on Wednesday, March 1st. Finally, MKM Partners reissued a “buy” rating and issued a $41.00 price target (down from $42.00) on shares of AMC Entertainment Holdings in a research note on Friday, March 3rd. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $37.13.
Shares of AMC Entertainment Holdings (NYSE:AMC) traded down 1.40% during mid-day trading on Friday, reaching $24.65. The company’s stock had a trading volume of 1,326,754 shares. The firm has a market cap of $3.22 billion, a price-to-earnings ratio of 28.14 and a beta of 1.53. The company’s 50-day moving average is $29.28 and its 200 day moving average is $31.74. AMC Entertainment Holdings has a 12 month low of $24.30 and a 12 month high of $35.65.
AMC Entertainment Holdings (NYSE:AMC) last released its quarterly earnings results on Tuesday, February 28th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.11. AMC Entertainment Holdings had a net margin of 4.02% and a return on equity of 7.95%. The company had revenue of $926.10 million during the quarter, compared to the consensus estimate of $817.33 million. During the same period in the prior year, the firm earned $0.43 earnings per share. AMC Entertainment Holdings’s revenue was up 18.1% on a year-over-year basis. On average, equities analysts anticipate that AMC Entertainment Holdings will post $0.85 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 19th. Shareholders of record on Monday, June 5th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend is Thursday, June 1st. AMC Entertainment Holdings’s dividend payout ratio (DPR) is presently 63.49%.
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A number of large investors have recently made changes to their positions in the company. FMR LLC boosted its stake in shares of AMC Entertainment Holdings by 5,837.8% in the fourth quarter. FMR LLC now owns 723,524 shares of the company’s stock worth $24,347,000 after buying an additional 711,339 shares during the period. Martingale Asset Management L P acquired a new stake in shares of AMC Entertainment Holdings during the fourth quarter worth $1,161,000. Dimensional Fund Advisors LP boosted its stake in shares of AMC Entertainment Holdings by 43.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,276,276 shares of the company’s stock worth $42,948,000 after buying an additional 388,183 shares during the period. FNY Partners Fund LP acquired a new stake in shares of AMC Entertainment Holdings during the fourth quarter worth $613,000. Finally, State Street Corp boosted its stake in shares of AMC Entertainment Holdings by 46.8% in the fourth quarter. State Street Corp now owns 524,205 shares of the company’s stock worth $17,643,000 after buying an additional 167,135 shares during the period. Institutional investors and hedge funds own 24.70% of the company’s stock.
AMC Entertainment Holdings Company Profile
AMC Entertainment Holdings, Inc is a holding company. The Company, through its subsidiaries, including AMC Entertainment Inc (AMCE), American Multi-Cinema, Inc (OpCo) and its subsidiaries, is engaged in the theatrical exhibition business. It operates through theatrical exhibition operations segment. It licenses first-run motion pictures from distributors owned by film production companies and from independent distributors.
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