AMC Entertainment (NYSE:AMC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Monday.
According to Zacks, “AMC Entertainment Holdings, Inc., operates as a theatrical exhibition company primarily in the United States and internationally. It owned or interests in theatres and screens. AMC Entertainment Holdings, Inc. is based in Leawood, Kansas. “
Other analysts have also issued research reports about the stock. Wedbush set a $19.00 price target on shares of AMC Entertainment and gave the company a “buy” rating in a research report on Monday, January 8th. B. Riley set a $30.00 price target on shares of AMC Entertainment and gave the company a “buy” rating in a research report on Tuesday, November 14th. Finally, Royal Bank of Canada lowered shares of AMC Entertainment from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, January 10th. Four analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. AMC Entertainment presently has an average rating of “Hold” and an average price target of $23.04.
AMC Entertainment (NYSE:AMC) last released its quarterly earnings results on Thursday, March 1st. The company reported ($2.14) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($2.41). The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.41 billion. AMC Entertainment had a negative net margin of 9.59% and a negative return on equity of 6.04%. The firm’s quarterly revenue was up 53.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.33 EPS. research analysts predict that AMC Entertainment will post 0.21 EPS for the current year.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Brookstone Capital Management lifted its holdings in AMC Entertainment by 19.0% during the fourth quarter. Brookstone Capital Management now owns 23,761 shares of the company’s stock valued at $359,000 after purchasing an additional 3,800 shares in the last quarter. Gamco Investors INC. ET AL lifted its stake in shares of AMC Entertainment by 26.7% in the fourth quarter. Gamco Investors INC. ET AL now owns 19,000 shares of the company’s stock worth $287,000 after buying an additional 4,000 shares in the last quarter. Gabelli Funds LLC lifted its stake in shares of AMC Entertainment by 18.2% in the fourth quarter. Gabelli Funds LLC now owns 26,000 shares of the company’s stock worth $393,000 after buying an additional 4,000 shares in the last quarter. California Public Employees Retirement System lifted its stake in shares of AMC Entertainment by 19.4% in the second quarter. California Public Employees Retirement System now owns 40,634 shares of the company’s stock worth $924,000 after buying an additional 6,600 shares in the last quarter. Finally, Advisor Group Inc. lifted its stake in shares of AMC Entertainment by 445.3% in the fourth quarter. Advisor Group Inc. now owns 9,380 shares of the company’s stock worth $141,000 after buying an additional 7,660 shares in the last quarter. 43.33% of the stock is currently owned by institutional investors and hedge funds.
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AMC Entertainment 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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