AMC Entertainment (NYSE:AMC) Given Hold Rating at Barrington Research

Barrington Research reaffirmed their hold rating on shares of AMC Entertainment (NYSE:AMC) in a research report report published on Tuesday, AnalystRatings.com reports.

A number of other research firms also recently issued reports on AMC. MKM Partners decreased their price target on shares of AMC Entertainment from $5.00 to $4.50 in a research note on Monday, July 13th. Wedbush increased their target price on shares of AMC Entertainment from $4.00 to $7.00 and gave the company a neutral rating in a research note on Monday, August 31st. Zacks Investment Research reduced their target price on shares of AMC Entertainment to $3.50 in a research note on Friday, August 28th. Citigroup increased their target price on shares of AMC Entertainment to $4.00 and gave the company a sell rating in a research note on Wednesday, June 17th. Finally, B. Riley increased their target price on shares of AMC Entertainment from $4.00 to $5.50 and gave the company a neutral rating in a research note on Monday. Five equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. AMC Entertainment presently has a consensus rating of Hold and a consensus price target of $6.29.

Shares of NYSE:AMC opened at $5.51 on Tuesday. The company has a debt-to-equity ratio of 3.97, a quick ratio of 0.40 and a current ratio of 0.40. The firm has a fifty day moving average price of $5.37 and a 200 day moving average price of $4.55. AMC Entertainment has a fifty-two week low of $1.95 and a fifty-two week high of $12.13.

AMC Entertainment (NYSE:AMC) last released its quarterly earnings results on Thursday, August 6th. The company reported ($5.44) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($4.00) by ($1.44). The business had revenue of $18.90 million for the quarter, compared to analysts’ expectations of $20.96 million. AMC Entertainment had a negative net margin of 75.33% and a negative return on equity of 28.65%. Research analysts expect that AMC Entertainment will post -14.14 earnings per share for the current fiscal year.

A number of hedge funds have recently bought and sold shares of AMC. Aperio Group LLC purchased a new position in AMC Entertainment in the 1st quarter worth about $64,000. Creative Planning grew its holdings in AMC Entertainment by 197.2% during the 1st quarter. Creative Planning now owns 120,559 shares of the company’s stock worth $381,000 after acquiring an additional 79,995 shares in the last quarter. Arizona State Retirement System bought a new position in AMC Entertainment during the 1st quarter worth about $39,000. Fifth Third Bancorp grew its holdings in AMC Entertainment by 34.7% during the 1st quarter. Fifth Third Bancorp now owns 33,000 shares of the company’s stock worth $104,000 after acquiring an additional 8,500 shares in the last quarter. Finally, Rhumbline Advisers grew its holdings in AMC Entertainment by 14.6% during the 1st quarter. Rhumbline Advisers now owns 98,282 shares of the company’s stock worth $311,000 after acquiring an additional 12,510 shares in the last quarter. 23.36% of the stock is currently owned by 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.

Read More: How to trade on quiet period expirations

Analyst Recommendations for AMC Entertainment (NYSE:AMC)

Receive News & Ratings for AMC Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMC Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.