Brokerages Set AMC Entertainment Holdings Inc (NYSE:AMC) Price Target at $16.42

Shares of AMC Entertainment Holdings Inc (NYSE:AMC) have earned an average recommendation of “Buy” from the fourteen analysts that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $16.81.

A number of brokerages have recently issued reports on AMC. Loop Capital restated a “hold” rating on shares of AMC Entertainment in a report on Wednesday, July 3rd. Benchmark cut their price target on shares of AMC Entertainment from $20.00 to $17.00 and set a “buy” rating for the company in a report on Monday, May 13th. Zacks Investment Research upgraded shares of DLH from a “sell” rating to a “hold” rating in a report on Tuesday, July 9th. Roth Capital assumed coverage on shares of AMC Entertainment in a report on Friday. They issued an “outperform” rating and a $18.00 target price for the company. Finally, Wedbush reiterated an “outperform” rating and issued a $22.00 target price on shares of Turtle Beach in a report on Monday, April 29th.

In other AMC Entertainment news, Director Raymond C. Stachowiak purchased 160,559 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was bought at an average price of $2.73 per share, with a total value of $438,326.07. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.80% of the company’s stock.



A number of hedge funds have recently modified their holdings of AMC. Norges Bank purchased a new position in AMC Entertainment in the 4th quarter valued at approximately $12,816,000. JPMorgan Chase & Co. boosted its position in AMC Entertainment by 648.9% in the 1st quarter. JPMorgan Chase & Co. now owns 864,774 shares of the company’s stock valued at $12,842,000 after buying an additional 749,305 shares during the period. State of New Jersey Common Pension Fund D purchased a new position in AMC Entertainment in the 1st quarter valued at approximately $4,307,000. Assenagon Asset Management S.A. purchased a new position in AMC Entertainment in the 1st quarter valued at approximately $3,206,000. Finally, Penn Capital Management Co. Inc. boosted its position in AMC Entertainment by 31.9% in the 4th quarter. Penn Capital Management Co. Inc. now owns 695,076 shares of the company’s stock valued at $10,009,000 after buying an additional 168,033 shares during the period. 49.08% of the stock is owned by institutional investors.

Shares of NYSE AMC traded up $0.92 during midday trading on Tuesday, reaching $10.54. 11,036,510 shares of the stock were exchanged, compared to its average volume of 2,501,419. The firm has a 50 day moving average of $10.26. The stock has a market cap of $1.09 billion, a PE ratio of 81.08 and a beta of 0.85. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 7.43. AMC Entertainment has a twelve month low of $8.73 and a twelve month high of $21.45.

AMC Entertainment (NYSE:AMC) last announced its quarterly earnings results on Thursday, May 9th. The company reported ($1.25) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.51) by ($0.74). The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.19 billion. AMC Entertainment had a negative return on equity of 11.59% and a negative net margin of 0.72%. The firm’s quarterly revenue was down 13.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.14 EPS. On average, research analysts predict that AMC Entertainment will post -0.53 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, June 24th. Shareholders of record on Monday, June 10th were given a $0.20 dividend. The ex-dividend date of this dividend was Friday, June 7th. This represents a $0.80 annualized dividend and a yield of 7.59%. AMC Entertainment’s dividend payout ratio is presently 615.38%.

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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Analyst Recommendations for AMC Entertainment (NYSE:AMC)

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