Wedbush upgraded shares of AMC Entertainment (NYSE:AMC) to a buy rating in a report published on Friday. The brokerage currently has $25.00 price target on the stock.

AMC has been the subject of a number of other research reports. William Blair reissued a hold rating on shares of AMC Entertainment in a report on Monday, September 17th. ValuEngine raised AMC Entertainment from a sell rating to a hold rating in a report on Friday, August 3rd. Zacks Investment Research cut AMC Entertainment from a buy rating to a hold rating in a report on Friday, July 20th. MKM Partners cut AMC Entertainment from a buy rating to a neutral rating and set a $21.00 target price for the company. in a report on Friday, September 14th. They noted that the move was a valuation call. Finally, Barrington Research reissued a buy rating on shares of AMC Entertainment in a report on Friday, October 19th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. AMC Entertainment presently has a consensus rating of Buy and a consensus price target of $21.81.

NYSE AMC traded down $2.47 during trading hours on Friday, reaching $15.66. The company’s stock had a trading volume of 6,800,138 shares, compared to its average volume of 1,907,198. The stock has a market capitalization of $2.34 billion, a price-to-earnings ratio of 65.64, a PEG ratio of 114.88 and a beta of 0.83. AMC Entertainment has a 1-year low of $10.80 and a 1-year high of $21.45. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 2.41.

AMC Entertainment (NYSE:AMC) last released its quarterly earnings results on Thursday, November 8th. The company reported ($0.82) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.49) by ($0.33). The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.22 billion. AMC Entertainment had a positive return on equity of 1.70% and a negative net margin of 5.15%. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.33) EPS. Equities analysts predict that AMC Entertainment will post 0.02 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 26th. Shareholders of record on Monday, December 10th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, December 7th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.11%. AMC Entertainment’s payout ratio is currently -89.89%.

In other news, EVP John D. Mcdonald sold 17,500 shares of the company’s stock in a transaction that occurred on Monday, October 15th. The stock was sold at an average price of $18.70, for a total value of $327,250.00. Following the completion of the sale, the executive vice president now directly owns 39,462 shares in the company, valued at $737,939.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Wanda America Investment Holdi sold 75,826,927 shares of the company’s stock in a transaction that occurred on Friday, September 7th. The shares were sold at an average price of $1.82, for a total value of $138,005,007.14. The disclosure for this sale can be found here. 0.80% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the company. Cornerstone Wealth Management LLC purchased a new stake in shares of AMC Entertainment in the second quarter valued at approximately $352,000. Bank of Montreal Can grew its position in shares of AMC Entertainment by 141.4% in the second quarter. Bank of Montreal Can now owns 9,006 shares of the company’s stock valued at $143,000 after purchasing an additional 5,275 shares in the last quarter. Hollencrest Capital Management purchased a new stake in shares of AMC Entertainment in the third quarter valued at approximately $208,000. Macquarie Group Ltd. purchased a new stake in shares of AMC Entertainment in the second quarter valued at approximately $165,000. Finally, Chartwell Investment Partners LLC purchased a new stake in shares of AMC Entertainment in the second quarter valued at approximately $166,000. Institutional investors and hedge funds own 40.25% of the company’s stock.

AMC Entertainment Company Profile

AMC Entertainment Holdings, Inc, through its subsidiaries, operates in the theatrical exhibition business. The company owns, operates, or has interests in theatres. As of December 31, 2017, it owned, operated, or had interests in 649 theatres with a total of 8,224 screens in the United States; and 365 theatres and 2,945 screens internationally.

Further Reading: Return on Investment (ROI)

Analyst Recommendations for AMC Entertainment (NYSE:AMC)

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