AMC Entertainment (AMC) – Research Analysts’ Recent Ratings Updates

A number of firms have modified their ratings and price targets on shares of AMC Entertainment (NYSE: AMC) recently:

  • 4/9/2019 – AMC Entertainment was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 4/8/2019 – AMC Entertainment was upgraded by analysts at B. Riley from a “neutral” rating to a “buy” rating. They now have a $20.00 price target on the stock, up previously from $18.00.
  • 4/1/2019 – AMC Entertainment was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 3/26/2019 – AMC Entertainment was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. 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. “
  • 3/7/2019 – AMC Entertainment was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
  • 3/1/2019 – AMC Entertainment had its price target raised by analysts at Imperial Capital from $22.00 to $23.00. They now have an “outperform” rating on the stock.
  • 3/1/2019 – AMC Entertainment had its “buy” rating reaffirmed by analysts at Barrington Research. They wrote, “We believe that approximately 80% of BPM services are currently done in‐ house. While many large enterprises are in the early stages of outsourcing back‐office and front‐office activities, they are becoming increasingly comfortable with WNS. The firm is experiencing an increased appetite to move up the value chain to more complex and in some cases core activities, which reflects growing levels of trust.””
  • 2/22/2019 – AMC Entertainment had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $22.00 price target on the stock.
  • 2/12/2019 – AMC Entertainment had its price target lowered by analysts at MKM Partners to $15.00. They now have a “neutral” rating on the stock.

Shares of AMC traded up $0.31 during trading hours on Friday, reaching $16.43. 82,019 shares of the company traded hands, compared to its average volume of 1,469,141. The firm has a market capitalization of $1.68 billion, a P/E ratio of 126.38, a P/E/G ratio of 7.23 and a beta of 0.95. The company has a debt-to-equity ratio of 3.72, a quick ratio of 0.59 and a current ratio of 0.59. AMC Entertainment Holdings Inc has a 1-year low of $11.66 and a 1-year high of $21.45.

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Monday, March 11th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.87%. The ex-dividend date of this dividend was Friday, March 8th. AMC Entertainment’s dividend payout ratio is currently 615.38%.

In related news, EVP John D. Mcdonald sold 7,500 shares of the stock in a transaction dated 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 transaction, the executive vice president now owns 54,746 shares of the company’s stock, valued at $862,249.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.01% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the stock. NumerixS Investment Technologies Inc acquired a new position in AMC Entertainment in the fourth quarter worth about $97,000. Renaissance Technologies LLC bought a new stake in AMC Entertainment during the third quarter worth about $21,446,000. Vanguard Group Inc grew its stake in AMC Entertainment by 22.6% during the third 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 grew its stake in AMC Entertainment by 167.2% during the third 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. Finally, Verition Fund Management LLC bought a new stake in shares of AMC Entertainment during the third quarter valued at approximately $323,000. 50.44% of the stock is owned by hedge funds and other institutional investors.

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.

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