AMC Entertainment Holdings Inc (NYSE:AMC) Receives Consensus Recommendation of “Buy” from Analysts

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Shares of AMC Entertainment Holdings Inc (NYSE:AMC) have earned an average rating of “Buy” from the fourteen ratings firms that are presently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $16.83.

A number of analysts recently commented on AMC shares. TheStreet downgraded shares of AMC Entertainment from a “c” rating to a “d+” rating in a report on Friday, May 10th. Roth Capital started coverage on shares of AMC Entertainment in a research report on Friday, July 19th. They set an “outperform” rating and a $18.00 target price for the company. Wedbush restated an “outperform” rating and set a $15.00 target price on shares of AMC Entertainment in a research report on Wednesday, July 31st. Zacks Investment Research cut shares of AMC Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 5th. Finally, B. Riley restated a “buy” rating and set a $22.00 target price (up previously from $19.00) on shares of AMC Entertainment in a research report on Friday, August 9th.

AMC stock traded down $0.01 during trading on Friday, reaching $10.74. 72,222 shares of the company were exchanged, compared to its average volume of 3,547,284. The stock has a market cap of $1.10 billion, a P/E ratio of 81.69 and a beta of 0.85. AMC Entertainment has a 52-week low of $8.73 and a 52-week high of $21.45. The firm’s 50 day moving average is $10.41. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 7.43.

AMC Entertainment (NYSE:AMC) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.17 EPS for the quarter, hitting analysts’ consensus estimates of $0.17. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.46 billion. AMC Entertainment had a negative net margin of 0.20% and a negative return on equity of 10.96%. The firm’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.17 earnings per share. Equities analysts expect that AMC Entertainment will post -0.77 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Monday, September 9th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 7.45%. The ex-dividend date is Friday, September 6th. AMC Entertainment’s payout ratio is currently 615.38%.

Institutional investors and hedge funds have recently made changes to their positions in the business. PARK CIRCLE Co raised its position in shares of AMC Entertainment by 22.2% in the second quarter. PARK CIRCLE Co now owns 5,500 shares of the company’s stock valued at $51,000 after buying an additional 1,000 shares during the last quarter. Oppenheimer Asset Management Inc. raised its position in shares of AMC Entertainment by 14.9% in the first quarter. Oppenheimer Asset Management Inc. now owns 6,990 shares of the company’s stock valued at $104,000 after buying an additional 908 shares during the last quarter. Legal & General Group Plc raised its position in shares of AMC Entertainment by 16.0% in the fourth quarter. Legal & General Group Plc now owns 9,306 shares of the company’s stock valued at $114,000 after buying an additional 1,287 shares during the last quarter. State Board of Administration of Florida Retirement System acquired a new position in shares of AMC Entertainment in the first quarter valued at approximately $164,000. Finally, Hollencrest Capital Management raised its position in shares of AMC Entertainment by 10.9% in the first quarter. Hollencrest Capital Management now owns 11,251 shares of the company’s stock valued at $167,000 after buying an additional 1,103 shares during the last quarter. Institutional investors own 48.64% 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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Analyst Recommendations for AMC Entertainment (NYSE:AMC)

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