AMC Entertainment Holdings Inc (NYSE:AMC) has been assigned an average recommendation of “Buy” from the twelve research firms that are currently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $22.36.
A number of brokerages have issued reports on AMC. ValuEngine downgraded shares of AMC Entertainment from a “buy” rating to a “hold” rating in a report on Saturday, November 10th. Barrington Research reiterated a “buy” rating on shares of AMC Entertainment in a report on Friday, October 19th. Wedbush upgraded shares of AMC Entertainment to a “buy” rating and set a $25.00 price target on the stock in a report on Friday, November 9th. MKM Partners downgraded shares of AMC Entertainment from a “buy” rating to a “neutral” rating and set a $21.00 price target on the stock. in a report on Friday, September 14th. They noted that the move was a valuation call. Finally, William Blair reiterated a “hold” rating on shares of AMC Entertainment in a report on Monday, September 17th.
In other news, EVP John D. Mcdonald sold 17,500 shares of the business’s stock in a transaction dated Monday, October 15th. The shares were sold at an average price of $18.70, for a total value of $327,250.00. Following the sale, the executive vice president now directly owns 39,462 shares in the company, valued at approximately $737,939.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Wanda America Investment Holdi sold 75,826,927 shares of the business’s stock in a transaction dated Friday, September 7th. The stock was sold at an average price of $1.82, for a total transaction of $138,005,007.14. The disclosure for this sale can be found here. Insiders own 0.01% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of AMC Entertainment by 22.6% in the 3rd quarter. Vanguard Group Inc. now owns 5,470,821 shares of the company’s stock worth $112,153,000 after buying an additional 1,007,161 shares during the last quarter. Morgan Stanley increased its holdings in shares of AMC Entertainment by 167.2% in the 3rd quarter. Morgan Stanley now owns 626,017 shares of the company’s stock worth $12,834,000 after buying an additional 391,695 shares during the last quarter. Standard Life Aberdeen plc bought a new stake in shares of AMC Entertainment in the 3rd quarter worth about $990,000. TIAA CREF Investment Management LLC increased its holdings in shares of AMC Entertainment by 17.1% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 395,830 shares of the company’s stock worth $8,115,000 after buying an additional 57,893 shares during the last quarter. Finally, Teachers Advisors LLC increased its holdings in shares of AMC Entertainment by 70.5% in the 3rd quarter. Teachers Advisors LLC now owns 174,576 shares of the company’s stock worth $3,579,000 after buying an additional 72,171 shares during the last quarter. Hedge funds and other institutional investors own 37.89% of the company’s stock.
AMC opened at $13.65 on Monday. The company has a debt-to-equity ratio of 4.27, a quick ratio of 0.59 and a current ratio of 0.59. The firm has a market cap of $1.74 billion, a P/E ratio of -15.34 and a beta of 0.77. AMC Entertainment has a fifty-two week low of $12.40 and a fifty-two week high of $21.45.
AMC Entertainment (NYSE:AMC) last announced its quarterly earnings results on Thursday, November 8th. The company reported ($0.82) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.49) by ($0.33). The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.22 billion. AMC Entertainment had a negative net margin of 6.17% and a negative return on equity of 0.63%. The business’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.33) earnings per share. As a group, equities analysts expect that AMC Entertainment will post -0.25 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 26th. Shareholders of record on Monday, December 10th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Friday, December 7th. This represents a $0.80 dividend on an annualized basis and a yield of 5.86%. AMC Entertainment’s dividend payout ratio is currently -89.89%.
About AMC Entertainment
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.
Featured Story: Fiduciary
Receive News & Ratings for AMC Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMC Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.