AMC Entertainment (AMC) Downgraded by TheStreet

TheStreet lowered shares of AMC Entertainment (NYSE:AMC) from a c rating to a d+ rating in a research note released on Friday morning, TheStreetRatingsTable reports.

Several other research firms have also recently weighed in on AMC. MKM Partners decreased their price objective on shares of AMC Entertainment from $17.00 to $16.00 and set a neutral rating for the company in a research report on Friday, April 12th. ValuEngine upgraded shares of AMC Entertainment from a hold rating to a buy rating in a research report on Tuesday, April 9th. Imperial Capital increased their price objective on shares of AMC Entertainment from $22.00 to $23.00 and gave the stock an outperform rating in a research report on Friday, March 1st. Wedbush reiterated an outperform rating and set a $20.00 price objective (down from $22.00) on shares of AMC Entertainment in a research report on Monday, April 29th. Finally, B. Riley upgraded shares of AMC Entertainment from a neutral rating to a buy rating and increased their price objective for the stock from $18.00 to $20.00 in a research report on Monday, April 8th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of Hold and an average price target of $18.78.

AMC stock opened at $13.29 on Friday. The firm has a market cap of $1.42 billion, a PE ratio of 102.23 and a beta of 0.94. AMC Entertainment has a 52-week low of $11.66 and a 52-week high of $21.45. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 3.72.



AMC Entertainment (NYSE:AMC) last posted its quarterly earnings data on Thursday, May 9th. The company reported ($1.25) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.51) by ($0.74). AMC Entertainment had a negative return on equity of 11.14% and a negative net margin of 0.72%. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter last year, the company earned $0.14 earnings per share. The company’s quarterly revenue was down 13.2% compared to the same quarter last year. On average, research analysts predict that AMC Entertainment will post -0.1 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Monday, June 10th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 6.02%. The ex-dividend date is Friday, June 7th. AMC Entertainment’s payout ratio is 615.38%.

In other AMC Entertainment news, EVP John D. Mcdonald sold 7,500 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $15.75, for a total value of $118,125.00. Following the completion of the sale, the executive vice president now directly owns 54,746 shares in the company, valued at $862,249.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.80% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the business. Captrust Financial Advisors bought a new position in shares of AMC Entertainment during the fourth quarter valued at about $44,000. Sun Life Financial INC bought a new position in shares of AMC Entertainment during the fourth quarter valued at about $69,000. Oppenheimer Asset Management Inc. bought a new position in shares of AMC Entertainment during the fourth quarter valued at about $75,000. NumerixS Investment Technologies Inc bought a new stake in AMC Entertainment in the fourth quarter worth about $97,000. Finally, Legal & General Group Plc raised its position in AMC Entertainment by 16.0% in the fourth quarter. Legal & General Group Plc now owns 9,306 shares of the company’s stock worth $114,000 after acquiring an additional 1,287 shares during the period. 50.62% of the stock is currently owned by hedge funds and other institutional investors.

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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