AMC Entertainment (NYSE:AMC) had its price objective reduced by MKM Partners to $8.50 in a research report report published on Monday morning, The Fly reports. MKM Partners currently has a neutral rating on the stock.
Several other analysts also recently weighed in on the company. Wedbush restated an outperform rating and issued a $22.00 price objective on shares of Turtle Beach in a report on Monday, April 29th. ValuEngine upgraded Zumiez from a sell rating to a hold rating in a report on Saturday, June 22nd. Zacks Investment Research upgraded DLH from a sell rating to a hold rating in a report on Tuesday, July 9th. Benchmark decreased their price objective on AMC Entertainment from $20.00 to $17.00 and set a buy rating for the company in a report on Monday, May 13th. Finally, TheStreet downgraded USD Partners from a b- rating to a c+ rating in a report on Friday, May 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. AMC Entertainment currently has an average rating of Hold and an average target price of $16.94.
NYSE:AMC opened at $9.62 on Monday. AMC Entertainment has a twelve month low of $8.73 and a twelve month high of $21.45. The stock’s fifty day simple moving average is $10.29. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 7.43.
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Monday, June 10th were issued a $0.20 dividend. The ex-dividend date of this dividend was Friday, June 7th. This represents a $0.80 annualized dividend and a dividend yield of 8.32%. AMC Entertainment’s payout ratio is currently 615.38%.
In other news, Director Raymond C. Stachowiak acquired 160,559 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The stock was purchased at an average cost 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 is available through this link. Insiders own 1.80% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. Fox Run Management L.L.C. acquired a new position in shares of AMC Entertainment during the 2nd quarter worth approximately $158,000. North Star Investment Management Corp. increased its position in shares of AMC Entertainment by 37.7% during the second quarter. North Star Investment Management Corp. now owns 181,501 shares of the company’s stock worth $1,693,000 after purchasing an additional 49,735 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in shares of AMC Entertainment during the second quarter worth approximately $262,000. New Jersey Better Educational Savings Trust increased its position in shares of AMC Entertainment by 33.3% during the second quarter. New Jersey Better Educational Savings Trust now owns 16,000 shares of the company’s stock worth $149,000 after purchasing an additional 4,000 shares in the last quarter. Finally, Sepio Capital LLC purchased a new stake in shares of AMC Entertainment during the first quarter worth approximately $345,000. Institutional investors own 49.08% of the company’s stock.
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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