AMC Entertainment (NYSE:AMC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday, January 16th. The brokerage presently has a $16.00 price objective on the stock. Zacks Investment Research‘s target price indicates a potential upside of 23.08% from the company’s previous close.
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. “
AMC has been the topic of a number of other reports. Wedbush set a $19.00 price objective on AMC Entertainment and gave the stock a “buy” rating in a research report on Monday, January 8th. Royal Bank of Canada lowered AMC Entertainment from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, January 10th. B. Riley set a $31.00 price target on AMC Entertainment and gave the company a “buy” rating in a research report on Wednesday, October 18th. Credit Suisse Group dropped their price target on AMC Entertainment from $14.00 to $12.00 and set an “underperform” rating on the stock in a research report on Thursday, September 28th. Finally, MKM Partners restated a “buy” rating and set a $28.00 price target on shares of AMC Entertainment in a research report on Monday, September 18th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $23.25.
AMC Entertainment (NYSE AMC) traded down $0.15 during trading hours on Tuesday, hitting $13.00. The company’s stock had a trading volume of 665,080 shares, compared to its average volume of 1,956,739. The stock has a market cap of $1,700.00, a PE ratio of -10.04 and a beta of 1.37. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 2.01. AMC Entertainment has a 1 year low of $10.80 and a 1 year high of $34.65.
AMC Entertainment (NYSE:AMC) last announced its quarterly earnings data on Monday, November 6th. The company reported ($0.33) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.29) by ($0.04). The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.16 billion. AMC Entertainment had a negative net margin of 3.87% and a negative return on equity of 6.20%. The business’s quarterly revenue was up 51.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.31 earnings per share. equities analysts expect that AMC Entertainment will post -1.23 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. boosted its stake in AMC Entertainment by 8.3% during the second quarter. Ameritas Investment Partners Inc. now owns 4,845 shares of the company’s stock valued at $110,000 after buying an additional 372 shares during the last quarter. Seven Eight Capital LP purchased a new stake in AMC Entertainment during the second quarter valued at approximately $125,000. Pacer Advisors Inc. raised its position in AMC Entertainment by 12.0% during the second quarter. Pacer Advisors Inc. now owns 5,600 shares of the company’s stock valued at $127,000 after purchasing an additional 601 shares during the period. NJ State Employees Deferred Compensation Plan purchased a new stake in AMC Entertainment during the third quarter valued at approximately $147,000. Finally, BNP Paribas Arbitrage SA raised its position in AMC Entertainment by 574.5% during the second quarter. BNP Paribas Arbitrage SA now owns 7,109 shares of the company’s stock valued at $162,000 after purchasing an additional 6,055 shares during the period. 48.61% of the stock is owned by hedge funds and other institutional investors.
About AMC Entertainment
AMC Entertainment Holdings, Inc is a holding company. The Company, through its subsidiaries, including AMC Entertainment Inc (AMCE), American Multi-Cinema, Inc (OpCo) and its subsidiaries, is engaged in the theatrical exhibition business. It operates through theatrical exhibition operations segment. It licenses first-run motion pictures from distributors owned by film production companies and from independent distributors.
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