November 10, 2019 at 5:26 pm

AMC Entertainment (NYSE:AMC) Lifted to “Hold” at Zacks Investment Research

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Zacks Investment Research upgraded shares of AMC Entertainment (NYSE:AMC) from a sell rating to a hold rating in a research report released on Thursday, Zacks.com reports.

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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 has been the subject of several other research reports. Barrington Research reaffirmed a buy rating and set a $16.00 price target on shares of AMC Entertainment in a research note on Thursday, August 8th. Cfra downgraded shares of AMC Entertainment from a strong-buy rating to a buy rating in a research note on Thursday. Roth Capital started coverage on shares of AMC Entertainment in a research note on Friday, July 19th. They set an outperform rating and a $18.00 price target for the company. MKM Partners set a $11.00 price target on shares of AMC Entertainment and gave the company a hold rating in a research note on Tuesday, September 10th. Finally, ValuEngine downgraded shares of AMC Entertainment from a strong-buy rating to a buy rating in a research note on Friday, September 6th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company has a consensus rating of Buy and an average price target of $15.50.

NYSE:AMC traded up $0.38 on Thursday, hitting $9.62. The company had a trading volume of 2,379,964 shares, compared to its average volume of 2,046,076. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 74.00 and a beta of 0.81. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 7.30. The firm has a 50 day moving average of $9.85 and a two-hundred day moving average of $11.21. AMC Entertainment has a 52 week low of $8.73 and a 52 week high of $17.84.

AMC Entertainment (NYSE:AMC) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.53) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.42) by ($0.11). The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.31 billion. AMC Entertainment had a negative net margin of 0.20% and a negative return on equity of 10.94%. AMC Entertainment’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the previous year, the company earned ($0.82) EPS. As a group, equities analysts forecast that AMC Entertainment will post -0.93 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 8.32%. The ex-dividend date of this dividend is Friday, November 29th. AMC Entertainment’s payout ratio is currently 615.38%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC raised its stake in AMC Entertainment by 39.3% during 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 last quarter. Victory Capital Management Inc. raised its stake in AMC Entertainment by 23.1% during 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 last quarter. Skandinaviska Enskilda Banken AB publ raised its stake in AMC Entertainment by 15.6% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 1,111,383 shares of the company’s stock worth $10,369,000 after buying an additional 150,000 shares during the last quarter. Zeke Capital Advisors LLC raised its stake in AMC Entertainment by 4,961.7% during the third quarter. Zeke Capital Advisors LLC now owns 946,543 shares of the company’s stock worth $10,128,000 after buying an additional 927,843 shares during the last quarter. Finally, Peregrine Capital Management LLC raised its stake in AMC Entertainment by 58.0% during the third quarter. Peregrine Capital Management LLC now owns 745,071 shares of the company’s stock worth $7,972,000 after buying an additional 273,635 shares during the last quarter. 50.00% of the stock is owned by institutional investors and hedge funds.

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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