Barrington Research reaffirmed their buy rating on shares of AMC Entertainment (NYSE:AMC) in a research report sent to investors on Thursday morning, AnalystRatings.com reports.
“We remain optimistic that the full-year box office could match last year’s $11.9 billion record or at least come fairly close. A new record is not impossible but might require a surprise hit or two.”,” Barrington Research’s analyst commented.
Other equities research analysts also recently issued research reports about the company. B. Riley set a $20.00 price objective on AMC Entertainment and gave the stock a buy rating in a research report on Wednesday, June 26th. Loop Capital reiterated a hold rating on shares of AMC Entertainment in a research report on Wednesday, July 3rd. Zacks Investment Research upgraded DLH from a sell rating to a hold rating in a research report on Tuesday, July 9th. MKM Partners lowered their price objective on Cinemark to $43.00 and set a buy rating on the stock in a research report on Monday, July 15th. Finally, Benchmark lowered their price objective on AMC Entertainment from $20.00 to $17.00 and set a buy rating on the stock in a research report on Monday, May 13th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. AMC Entertainment has a consensus rating of Buy and a consensus price target of $17.15.
AMC Entertainment (NYSE:AMC) last posted its earnings results on Thursday, May 9th. The company reported ($1.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.51) by ($0.74). AMC Entertainment had a negative return on equity of 11.59% and a negative net margin of 0.72%. The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter in the prior year, the company earned $0.14 EPS. The company’s revenue was down 13.2% on a year-over-year basis. On average, analysts predict that AMC Entertainment will post -0.53 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Monday, June 10th were given a $0.20 dividend. The ex-dividend date was Friday, June 7th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 7.59%. AMC Entertainment’s dividend payout ratio (DPR) is presently 615.38%.
In other news, Director Raymond C. Stachowiak purchased 160,559 shares of the stock in a transaction on Wednesday, May 15th. The shares were acquired at an average price of $2.73 per share, for a total transaction of $438,326.07. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.80% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fox Run Management L.L.C. purchased a new stake in AMC Entertainment during the second quarter valued at about $158,000. North Star Investment Management Corp. raised its position in AMC Entertainment by 37.7% during the second quarter. North Star Investment Management Corp. now owns 181,501 shares of the company’s stock valued at $1,693,000 after purchasing an additional 49,735 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in AMC Entertainment during the second quarter valued at about $262,000. New Jersey Better Educational Savings Trust raised its position in AMC Entertainment by 33.3% during the second quarter. New Jersey Better Educational Savings Trust now owns 16,000 shares of the company’s stock valued at $149,000 after purchasing an additional 4,000 shares in the last quarter. Finally, Sepio Capital LLC purchased a new stake in AMC Entertainment during the first quarter valued at about $345,000. Institutional investors and hedge funds own 49.08% of the company’s stock.
About AMC Entertainment
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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