Credit Suisse Group initiated coverage on shares of AMC Entertainment (NYSE:AMC) in a research note issued to investors on Friday, BenzingaRatingsTable reports. The brokerage issued an outperform rating and a $18.00 price target on the stock.
Several other brokerages also recently commented on AMC. Zacks Investment Research raised shares of DLH from a sell rating to a hold rating in a research note on Tuesday, July 9th. MKM Partners decreased their target price on shares of Cinemark to $43.00 and set a buy rating on the stock in a research note on Monday, July 15th. TheStreet downgraded shares of USD Partners from a b- rating to a c+ rating in a research note on Friday, May 10th. Barrington Research reaffirmed a buy rating on shares of AMC Entertainment in a research note on Thursday. Finally, B. Riley set a $20.00 price target on shares of AMC Entertainment and gave the company a buy rating in a report on Wednesday, June 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company. The stock has an average rating of Buy and a consensus target price of $17.15.
Shares of NYSE AMC opened at $10.54 on Friday. 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 has a 52 week low of $8.73 and a 52 week high of $21.45. The business has a fifty day moving average price of $10.26.
AMC Entertainment (NYSE:AMC) last issued its earnings results on Thursday, May 9th. The company reported ($1.25) EPS for the quarter, missing the consensus estimate of ($0.51) by ($0.74). AMC Entertainment had a negative return on equity of 11.59% and a negative net margin of 0.72%. The firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same period in the previous year, the firm earned $0.14 earnings per share. The firm’s quarterly revenue was down 13.2% compared to the same quarter last year. On average, analysts anticipate that AMC Entertainment will post -0.53 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Monday, June 10th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 7.59%. The ex-dividend date of this dividend was Friday, June 7th. AMC Entertainment’s dividend payout ratio (DPR) is currently 615.38%.
In related news, Director Raymond C. Stachowiak purchased 160,559 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were acquired at an average price of $2.73 per share, for a total transaction of $438,326.07. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.80% of the company’s stock.
Several hedge funds have recently made changes to their positions in AMC. Oppenheimer Asset Management Inc. boosted its holdings in shares of AMC Entertainment by 14.9% during the 1st 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 in the last quarter. Legal & General Group Plc boosted its holdings in shares of AMC Entertainment by 16.0% during the 4th 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 in the last quarter. Stifel Financial Corp bought a new stake in shares of AMC Entertainment during the 4th quarter valued at $140,000. New Jersey Better Educational Savings Trust boosted its holdings in shares of AMC Entertainment by 33.3% during the 2nd quarter. New Jersey Better Educational Savings Trust now owns 16,000 shares of the company’s stock valued at $149,000 after buying an additional 4,000 shares in the last quarter. Finally, Fox Run Management L.L.C. bought a new stake in shares of AMC Entertainment during the 2nd quarter valued at $158,000. Hedge funds and other institutional investors own 49.15% of the company’s stock.
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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