Shares of AMC Entertainment Holdings Inc (NYSE:AMC) have received a consensus recommendation of “Buy” from the fourteen research firms that are currently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $16.83.
AMC has been the subject of a number of recent analyst reports. Barrington Research reiterated a “buy” rating and issued a $16.00 target price on shares of AMC Entertainment in a research report on Thursday, August 8th. Roth Capital began coverage on shares of AMC Entertainment in a research report on Friday, July 19th. They set an “outperform” rating and a $18.00 price objective for the company. MKM Partners reduced their price objective on shares of AMC Entertainment to $8.50 and set a “neutral” rating for the company in a research report on Monday, July 15th. Credit Suisse Group began coverage on shares of AMC Entertainment in a research report on Friday, July 19th. They set an “outperform” rating and a $18.00 price objective for the company. Finally, TheStreet lowered shares of AMC Entertainment from a “c” rating to a “d+” rating in a research report on Friday, May 10th.
Several large investors have recently bought and sold shares of AMC. Norges Bank acquired a new position in shares of AMC Entertainment in the fourth quarter worth about $12,816,000. Renaissance Technologies LLC boosted its holdings in shares of AMC Entertainment by 39.3% in the second quarter. Renaissance Technologies LLC now owns 3,493,168 shares of the company’s stock worth $32,591,000 after buying an additional 985,100 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of AMC Entertainment by 648.9% in the first quarter. JPMorgan Chase & Co. now owns 864,774 shares of the company’s stock worth $12,842,000 after buying an additional 749,305 shares during the period. Bank of America Corp DE boosted its holdings in shares of AMC Entertainment by 314.6% in the second quarter. Bank of America Corp DE now owns 627,594 shares of the company’s stock worth $5,857,000 after buying an additional 476,203 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in shares of AMC Entertainment by 23.1% in the second quarter. Victory Capital Management Inc. now owns 1,807,308 shares of the company’s stock worth $16,862,000 after buying an additional 338,938 shares during the period. Institutional investors own 48.64% of the company’s stock.
AMC Entertainment (NYSE:AMC) last announced its earnings results on Thursday, August 8th. The company reported $0.17 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.17. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.46 billion. AMC Entertainment had a negative net margin of 0.20% and a negative return on equity of 10.96%. AMC Entertainment’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.17 EPS. Sell-side analysts forecast that AMC Entertainment will post -0.77 EPS for the current fiscal year.
The firm also recently disclosed 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. The ex-dividend date of this dividend is Friday, September 6th. This represents a $0.80 annualized dividend and a dividend yield of 7.45%. AMC Entertainment’s dividend payout ratio (DPR) is 615.38%.
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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