AMC Entertainment (NYSE:AMC) Upgraded at Zacks Investment Research

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

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 equities research analysts have also recently issued reports on the stock. Barrington Research reaffirmed a buy rating and issued a $16.00 target price on shares of AMC Entertainment in a report on Thursday, August 8th. Wedbush set a $15.00 target price on shares of AMC Entertainment and gave the company a buy rating in a report on Monday, October 21st. Citigroup dropped their target price on shares of AMC Entertainment from $17.00 to $13.00 and set a buy rating on the stock in a report on Friday, August 23rd. Imperial Capital dropped their target price on shares of AMC Entertainment from $23.00 to $21.00 and set an outperform rating on the stock in a report on Monday, October 7th. Finally, Goldman Sachs Group set a $11.00 target price on shares of AMC Entertainment and gave the company a hold rating in a report on Tuesday, October 15th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. AMC Entertainment has an average rating of Buy and a consensus target price of $15.50.

Shares of AMC stock traded up $0.38 on Thursday, reaching $9.62. The stock had a trading volume of 2,379,964 shares, compared to its average volume of 2,046,076. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 7.30. The firm’s 50-day moving average is $9.85 and its two-hundred day moving average is $11.21. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 74.00 and a beta of 0.81. AMC Entertainment has a 12 month low of $8.73 and a 12 month high of $17.84.

AMC Entertainment (NYSE:AMC) last issued its earnings results on Thursday, November 7th. The company reported ($0.53) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.42) by ($0.11). The firm 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%. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.82) earnings per share. On average, sell-side analysts forecast that AMC Entertainment will post -0.93 earnings per share for the current fiscal year.

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

A number of institutional investors and hedge funds have recently made changes to their positions in AMC. New Jersey Better Educational Savings Trust grew its stake in AMC Entertainment by 33.3% in 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 during the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in AMC Entertainment in the 2nd quarter valued at about $262,000. North Star Investment Management Corp. grew its stake in AMC Entertainment by 37.7% in the 2nd quarter. North Star Investment Management Corp. now owns 181,501 shares of the company’s stock valued at $1,693,000 after buying an additional 49,735 shares during the last quarter. Fox Run Management L.L.C. acquired a new position in AMC Entertainment in the 2nd quarter valued at about $158,000. Finally, Clear Harbor Asset Management LLC acquired a new position in AMC Entertainment in the 2nd quarter valued at about $333,000. Institutional investors and hedge funds own 50.00% 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.

Further Reading: What is the return on assets (ROA) ratio?

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Analyst Recommendations for AMC Entertainment (NYSE:AMC)

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