Credit Suisse Group began coverage on shares of AMC Entertainment (NYSE:AMC) in a research report report published on Friday, BenzingaRatingsTable reports. The brokerage issued an outperform rating and a $18.00 price objective on the stock.
AMC has been the subject of several other reports. Benchmark lowered their price objective on AMC Entertainment from $20.00 to $17.00 and set a buy rating for the company in a research report on Monday, May 13th. B. Riley set a $20.00 price objective on AMC Entertainment and gave the stock a buy rating in a research report on Wednesday, June 26th. Zacks Investment Research raised DLH from a sell rating to a hold rating in a research report on Tuesday, July 9th. Loop Capital reissued a hold rating on shares of AMC Entertainment in a research report on Wednesday, July 3rd. Finally, TheStreet lowered USD Partners from a b- rating to a c+ rating in a research report on Friday, May 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of $17.15.
Shares of NYSE:AMC opened at $10.41 on Friday. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 80.08 and a beta of 0.86. The company has a debt-to-equity ratio of 7.43, a quick ratio of 0.33 and a current ratio of 0.33. AMC Entertainment has a 12-month low of $8.73 and a 12-month high of $21.45. The stock’s fifty day moving average is $10.17.
The company also recently announced a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Monday, June 10th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 7.68%. The ex-dividend date of this dividend was Friday, June 7th. AMC Entertainment’s payout ratio is 615.38%.
In other news, Director Raymond C. Stachowiak bought 160,559 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The stock was acquired at an average cost of $2.73 per share, with a total value of $438,326.07. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.80% of the company’s stock.
A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. increased its position in AMC Entertainment by 3.0% in the 4th quarter. BlackRock Inc. now owns 3,668,500 shares of the company’s stock valued at $45,050,000 after buying an additional 105,284 shares in the last quarter. Dimensional Fund Advisors LP increased its position in AMC Entertainment by 4.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,959,453 shares of the company’s stock valued at $24,062,000 after buying an additional 74,905 shares in the last quarter. Norges Bank bought a new stake in AMC Entertainment in the 4th quarter valued at about $12,816,000. JPMorgan Chase & Co. increased 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 in the last quarter. Finally, Penn Capital Management Co. Inc. increased its position in AMC Entertainment by 7.1% in the 1st quarter. Penn Capital Management Co. Inc. now owns 744,399 shares of the company’s stock valued at $11,054,000 after buying an additional 49,323 shares in the last quarter. 49.15% of the stock is owned by institutional investors and hedge funds.
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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