Zacks Investment Research Lowers AMC Entertainment (NYSE:AMC) to Sell

AMC Entertainment (NYSE:AMC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday, 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 research analysts also recently weighed in on AMC. Benchmark reduced their target price on shares of AMC Entertainment from $20.00 to $17.00 and set a “buy” rating for the company in a research report on Monday, May 13th. TheStreet downgraded shares of AMC Entertainment from a “c” rating to a “d+” rating in a report on Friday, May 10th. Bank of America cut their price objective on shares of AMC Entertainment from $17.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday, August 1st. ValuEngine raised shares of AMC Entertainment from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 8th. Finally, B. Riley reaffirmed a “buy” rating and issued a $22.00 price objective (up from $19.00) on shares of AMC Entertainment in a report on Friday, August 9th. One analyst has rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $16.05.



Shares of AMC Entertainment stock traded up $0.31 on Friday, reaching $11.15. 1,882,273 shares of the company traded hands, compared to its average volume of 3,590,124. AMC Entertainment has a 52 week low of $8.73 and a 52 week high of $21.45. The company has a 50 day moving average of $10.43 and a 200 day moving average of $12.97. The firm has a market capitalization of $1.15 billion, a PE ratio of 85.77 and a beta of 0.85. The company has a debt-to-equity ratio of 7.30, a current ratio of 0.34 and a quick ratio of 0.33.

AMC Entertainment (NYSE:AMC) last released its earnings results on Thursday, August 8th. The company reported $0.17 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.17. AMC Entertainment had a negative net margin of 0.20% and a negative return on equity of 10.94%. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same period in the prior year, the firm earned $0.17 EPS. The company’s revenue was up 4.4% compared to the same quarter last year. As a group, analysts anticipate that AMC Entertainment will post -0.77 earnings per share for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. PARK CIRCLE Co raised its position in shares of AMC Entertainment by 22.2% during the 2nd quarter. PARK CIRCLE Co now owns 5,500 shares of the company’s stock valued at $51,000 after buying an additional 1,000 shares in the last quarter. Oppenheimer Asset Management Inc. raised its position in shares of AMC Entertainment by 14.9% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 6,990 shares of the company’s stock valued at $104,000 after buying an additional 908 shares in the last quarter. Legal & General Group Plc raised its position in shares of AMC Entertainment by 16.0% during the 4th quarter. Legal & General Group Plc now owns 9,306 shares of the company’s stock valued at $114,000 after buying an additional 1,287 shares in the last quarter. State Board of Administration of Florida Retirement System purchased a new stake in shares of AMC Entertainment during the 1st quarter valued at $164,000. Finally, Hollencrest Capital Management raised its position in shares of AMC Entertainment by 10.9% during the 1st quarter. Hollencrest Capital Management now owns 11,251 shares of the company’s stock valued at $167,000 after buying an additional 1,103 shares in the last quarter. Institutional investors and hedge funds own 48.64% 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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