AMC Entertainment (NYSE:AMC) Stock Rating Reaffirmed by B. Riley

B. Riley reaffirmed their buy rating on shares of AMC Entertainment (NYSE:AMC) in a research note released on Friday, Briefing.com Automated Import reports. They currently have a $22.00 price target on the stock, up from their previous price target of $19.00. B. Riley also issued estimates for AMC Entertainment’s Q4 2019 earnings at $0.46 EPS and Q4 2020 earnings at $0.52 EPS.

AMC has been the topic of several other research reports. MKM Partners lowered their target price on shares of AMC Entertainment to $8.50 and set a neutral rating on the stock in a research note on Monday, July 15th. Barrington Research restated a buy rating and set a $16.00 target price on shares of AMC Entertainment in a research note on Thursday, August 8th. ValuEngine upgraded shares of AMC Entertainment from a buy rating to a strong-buy rating in a research note on Thursday, August 8th. Wedbush restated an outperform rating and set a $15.00 target price on shares of AMC Entertainment in a research note on Wednesday, July 31st. Finally, Credit Suisse Group assumed coverage on shares of AMC Entertainment in a research note on Friday, July 19th. They set an outperform rating and a $18.00 target price on the stock. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $16.05.

AMC opened at $11.67 on Friday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 7.43. The company has a market cap of $1.25 billion, a PE ratio of 89.73 and a beta of 0.85. The company’s 50-day moving average is $10.35. AMC Entertainment has a 52-week low of $8.73 and a 52-week high of $21.45.

AMC Entertainment (NYSE:AMC) last posted its earnings results on Thursday, August 8th. The company reported $0.17 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.17. The business had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.46 billion. AMC Entertainment had a negative net margin of 0.20% and a negative return on equity of 10.96%. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.17 EPS. Research analysts forecast that AMC Entertainment will post -0.7 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 23rd. Stockholders of record on Monday, September 9th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 6.86%. The ex-dividend date of this dividend is Friday, September 6th. AMC Entertainment’s payout ratio is currently 615.38%.

In other AMC Entertainment news, Director Raymond C. Stachowiak purchased 160,559 shares of AMC Entertainment stock in a transaction dated Wednesday, May 15th. The stock was purchased at an average price of $2.73 per share, with a total value of $438,326.07. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.80% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. PARK CIRCLE Co increased its position in shares of AMC Entertainment by 22.2% during the 2nd quarter. PARK CIRCLE Co now owns 5,500 shares of the company’s stock valued at $51,000 after purchasing an additional 1,000 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in shares of AMC Entertainment by 14.9% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 6,990 shares of the company’s stock valued at $104,000 after purchasing an additional 908 shares during the last quarter. BBT Capital Management LLC purchased a new stake in shares of AMC Entertainment during the 2nd quarter valued at about $109,000. Legal & General Group Plc increased its position in shares of AMC Entertainment by 16.0% during the 4th quarter. Legal & General Group Plc now owns 9,306 shares of the company’s stock valued at $114,000 after purchasing an additional 1,287 shares during the last quarter. Finally, Stifel Financial Corp purchased a new stake in shares of AMC Entertainment during the 4th quarter valued at about $140,000. 48.67% of the stock is owned by hedge funds and other institutional investors.

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.

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Analyst Recommendations for AMC Entertainment (NYSE:AMC)

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