Zacks Investment Research cut shares of AMC Entertainment (NYSE:AMC) from a hold rating to a sell rating in a research note released on Monday.
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. “
A number of other research firms also recently issued reports on AMC. B. Riley restated a buy rating and set a $30.00 price target on shares of AMC Entertainment in a research note on Monday, January 22nd. Wedbush set a $19.00 price target on AMC Entertainment and gave the stock a buy rating in a research note on Tuesday, February 20th. Finally, Royal Bank of Canada downgraded AMC Entertainment from an outperform rating to a sector perform rating in a research note on Wednesday, January 10th. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. AMC Entertainment currently has a consensus rating of Hold and an average target price of $23.04.
AMC Entertainment (NYSE:AMC) last released its quarterly earnings results on Thursday, March 1st. The company reported ($2.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($2.41). The firm had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.41 billion. AMC Entertainment had a negative return on equity of 6.04% and a negative net margin of 9.59%. The company’s quarterly revenue was up 53.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.33 EPS. analysts expect that AMC Entertainment will post 0.17 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, March 26th. Shareholders of record on Monday, March 12th will be paid a $0.20 dividend. The ex-dividend date is Friday, March 9th. This represents a $0.80 annualized dividend and a dividend yield of 5.32%. AMC Entertainment’s dividend payout ratio (DPR) is currently -17.09%.
Several hedge funds have recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. grew its stake in shares of AMC Entertainment by 229.1% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 87,117 shares of the company’s stock valued at $1,315,000 after purchasing an additional 60,649 shares during the last quarter. ICM Asset Management Inc. WA purchased a new position in shares of AMC Entertainment in the 4th quarter valued at approximately $794,000. PVG Asset Management Corp grew its stake in shares of AMC Entertainment by 144.7% in the 4th quarter. PVG Asset Management Corp now owns 389,607 shares of the company’s stock valued at $5,883,000 after purchasing an additional 230,397 shares during the last quarter. MetLife Investment Advisors LLC purchased a new position in shares of AMC Entertainment in the 4th quarter valued at approximately $388,000. Finally, Mountain Lake Investment Management LLC purchased a new position in shares of AMC Entertainment in the 4th quarter valued at approximately $3,096,000. Institutional investors own 43.33% of the company’s stock.
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About AMC Entertainment
AMC Entertainment Holdings, Inc is a holding company. The Company, through its subsidiaries, including AMC Entertainment Inc (AMCE), American Multi-Cinema, Inc (OpCo) and its subsidiaries, is engaged in the theatrical exhibition business. It operates through theatrical exhibition operations segment. It licenses first-run motion pictures from distributors owned by film production companies and from independent distributors.
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