AMC Entertainment (NYSE:AMC) Upgraded by ValuEngine to “Buy”

ValuEngine upgraded shares of AMC Entertainment (NYSE:AMC) from a hold rating to a buy rating in a research note released on Monday, April 1st, ValuEngine reports.

A number of other research analysts have also weighed in on AMC. Zacks Investment Research raised shares of AMC Entertainment from a sell rating to a hold rating in a research note on Tuesday, March 26th. Imperial Capital raised their price target on shares of AMC Entertainment from $22.00 to $23.00 and gave the company an outperform rating in a research report on Friday, March 1st. Barrington Research reissued a buy rating on shares of AMC Entertainment in a research report on Friday, March 1st. Wedbush reaffirmed an outperform rating and issued a $22.00 price objective on shares of AMC Entertainment in a research report on Friday, February 22nd. Finally, MKM Partners lowered their price objective on shares of AMC Entertainment to $15.00 and set a neutral rating on the stock in a research report on Tuesday, February 12th. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company’s stock. AMC Entertainment presently has an average rating of Buy and a consensus price target of $19.33.

NYSE:AMC traded up $0.23 during trading hours on Monday, reaching $15.48. The company had a trading volume of 44,491 shares, compared to its average volume of 1,469,233. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 3.72. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of 116.92, a PEG ratio of 9.26 and a beta of 0.95. AMC Entertainment has a twelve month low of $11.66 and a twelve month high of $21.45.

The business also recently declared a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Monday, March 11th were paid a $0.20 dividend. The ex-dividend date was Friday, March 8th. This represents a $0.80 dividend on an annualized basis and a yield of 5.17%. AMC Entertainment’s dividend payout ratio is presently 615.38%.

In other news, EVP John D. Mcdonald sold 7,500 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $15.75, for a total value of $118,125.00. Following the completion of the sale, the executive vice president now directly owns 54,746 shares in the company, valued at approximately $862,249.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.80% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Hanson & Doremus Investment Management lifted its holdings in shares of AMC Entertainment by 10.7% in the 1st quarter. Hanson & Doremus Investment Management now owns 36,460 shares of the company’s stock worth $541,000 after acquiring an additional 3,533 shares during the last quarter. Strs Ohio raised its holdings in AMC Entertainment by 4.7% during the 1st quarter. Strs Ohio now owns 51,700 shares of the company’s stock valued at $767,000 after buying an additional 2,300 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in AMC Entertainment by 134.9% during the 1st quarter. Nisa Investment Advisors LLC now owns 55,900 shares of the company’s stock valued at $830,000 after buying an additional 32,100 shares during the last quarter. Virtu Financial LLC bought a new stake in AMC Entertainment during the 1st quarter valued at $244,000. Finally, Chartwell Investment Partners LLC raised its holdings in AMC Entertainment by 1.9% during the 1st quarter. Chartwell Investment Partners LLC now owns 119,925 shares of the company’s stock valued at $1,781,000 after buying an additional 2,275 shares during the last quarter. Hedge funds and other institutional investors own 50.45% of the company’s stock.

AMC Entertainment Company Profile

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.

See Also: Return on Equity (ROE)

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for AMC Entertainment (NYSE:AMC)

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