B. Riley Reiterates Buy Rating for AMC Entertainment (AMC)

AMC Entertainment (NYSE:AMC)‘s stock had its “buy” rating reiterated by research analysts at B. Riley in a report released on Monday. They currently have a $30.00 price target on the stock. B. Riley’s target price suggests a potential upside of 126.42% from the company’s current price.

A number of other equities research analysts also recently weighed in on the stock. Zacks Investment Research raised shares of AMC Entertainment from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Tuesday, October 17th. Wedbush set a $21.00 price objective on shares of AMC Entertainment and gave the company a “buy” rating in a research report on Wednesday, November 1st. Credit Suisse Group lowered their price objective on shares of AMC Entertainment from $12.00 to $10.00 and set an “underperform” rating for the company in a research report on Tuesday, November 7th. Finally, Royal Bank of Canada downgraded shares of AMC Entertainment from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, January 10th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $24.23.

Shares of AMC Entertainment (AMC) traded up $0.05 during trading hours on Monday, hitting $13.25. 1,981,443 shares of the company were exchanged, compared to its average volume of 2,173,557. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 2.01. AMC Entertainment has a twelve month low of $10.80 and a twelve month high of $34.90. The company has a market cap of $1,700.00, a P/E ratio of -10.11 and a beta of 1.37.

AMC Entertainment (NYSE:AMC) last announced its quarterly earnings data on Monday, November 6th. The company reported ($0.33) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.04). AMC Entertainment had a negative net margin of 3.87% and a negative return on equity of 6.20%. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the prior year, the company earned $0.31 EPS. AMC Entertainment’s quarterly revenue was up 51.2% on a year-over-year basis. analysts expect that AMC Entertainment will post -1.24 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Legal & General Group Plc grew its position in AMC Entertainment by 2.6% in the 2nd quarter. Legal & General Group Plc now owns 13,118 shares of the company’s stock worth $301,000 after purchasing an additional 337 shares during the last quarter. Ameritas Investment Partners Inc. grew its position in AMC Entertainment by 8.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,845 shares of the company’s stock worth $110,000 after purchasing an additional 372 shares during the last quarter. Bank of New York Mellon Corp grew its position in AMC Entertainment by 1.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 445,078 shares of the company’s stock worth $10,126,000 after purchasing an additional 4,485 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in AMC Entertainment by 574.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,109 shares of the company’s stock worth $162,000 after purchasing an additional 6,055 shares during the last quarter. Finally, California Public Employees Retirement System grew its position in AMC Entertainment by 19.4% in the 2nd quarter. California Public Employees Retirement System now owns 40,634 shares of the company’s stock worth $924,000 after purchasing an additional 6,600 shares during the last quarter. Hedge funds and other institutional investors own 48.61% of the company’s stock.

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About AMC Entertainment

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.

Analyst Recommendations for AMC Entertainment (NYSE:AMC)

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