AMC Entertainment (AMC) – Investment Analysts’ Weekly Ratings Updates

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AMC Entertainment (NYSE: AMC) recently received a number of ratings updates from brokerages and research firms:

  • 3/7/2019 – AMC Entertainment was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
  • 3/1/2019 – AMC Entertainment had its price target raised by analysts at Imperial Capital from $22.00 to $23.00. They now have an “outperform” rating on the stock.
  • 3/1/2019 – AMC Entertainment had its “buy” rating reaffirmed by analysts at Barrington Research. They wrote, “We believe that approximately 80% of BPM services are currently done in? house. While many large enterprises are in the early stages of outsourcing back?office and front?office activities, they are becoming increasingly comfortable with WNS. The firm is experiencing an increased appetite to move up the value chain to more complex and in some cases core activities, which reflects growing levels of trust.””
  • 2/22/2019 – AMC Entertainment had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $22.00 price target on the stock.
  • 2/12/2019 – AMC Entertainment had its price target lowered by analysts at MKM Partners to $15.00. They now have a “neutral” rating on the stock.
  • 1/31/2019 – AMC Entertainment is now covered by analysts at Loop Capital. They set a “hold” rating and a $15.00 price target on the stock.
  • 1/25/2019 – AMC Entertainment was downgraded by analysts at Bank of America Corp from a “neutral” rating to an “underperform” rating.
  • 1/22/2019 – AMC Entertainment was downgraded by analysts at B. Riley from a “buy” rating to a “neutral” rating. They now have a $17.00 price target on the stock, down previously from $29.00.
  • 1/21/2019 – AMC Entertainment was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
  • 1/14/2019 – AMC Entertainment was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “

AMC traded up $0.15 during trading on Friday, reaching $14.63. 44,794 shares of the stock traded hands, compared to its average volume of 1,431,693. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 112.54, a PEG ratio of 5.55 and a beta of 0.94. AMC Entertainment Holdings Inc has a fifty-two week low of $11.66 and a fifty-two week high of $21.45. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 3.72.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 25th. Investors of record on Monday, March 11th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, March 8th. This represents a $0.80 dividend on an annualized basis and a yield of 5.47%. AMC Entertainment’s payout ratio is 615.38%.

In related news, EVP John D. Mcdonald sold 7,500 shares of AMC Entertainment stock in a transaction on Friday, March 1st. The stock was sold at an average price of $15.75, for a total transaction of $118,125.00. Following the completion of the sale, the executive vice president now owns 54,746 shares of the company’s stock, valued at $862,249.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.01% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Captrust Financial Advisors acquired a new position in shares of AMC Entertainment in the 4th quarter worth approximately $44,000. Sun Life Financial INC bought a new position in AMC Entertainment during the 4th quarter worth about $69,000. Oppenheimer Asset Management Inc. bought a new position in AMC Entertainment during the 4th quarter worth about $75,000. NumerixS Investment Technologies Inc bought a new position in AMC Entertainment during the 4th quarter worth about $97,000. Finally, Legal & General Group Plc increased its holdings in AMC Entertainment by 16.0% during the 4th quarter. Legal & General Group Plc now owns 9,306 shares of the company’s stock worth $114,000 after purchasing an additional 1,287 shares in the last quarter. 40.33% of the stock is owned by hedge funds and other institutional investors.

AMC Entertainment Holdings, Inc, through its subsidiaries, operates in the theatrical exhibition business. The company owns, operates, or has interests in theatres. As of December 31, 2017, it owned, operated, or had interests in 649 theatres with a total of 8,224 screens in the United States; and 365 theatres and 2,945 screens internationally.

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