AMC Entertainment (AMC) Cut to “Sell” at ValuEngine

ValuEngine cut shares of AMC Entertainment (NYSE:AMC) from a hold rating to a sell rating in a research report released on Tuesday.

Several other analysts also recently commented on AMC. Wedbush upgraded shares of AMC Entertainment to a buy rating and set a $25.00 target price on the stock in a report on Monday, April 9th. B. Riley raised their target price on shares of AMC Entertainment to $27.50 and gave the stock a buy rating in a report on Tuesday, May 8th. MKM Partners raised their target price on shares of AMC Entertainment from $20.00 to $23.00 and gave the stock a buy rating in a report on Tuesday, April 17th. Barrington Research restated a buy rating and set a $20.00 target price on shares of AMC Entertainment in a report on Friday, May 11th. Finally, TheStreet upgraded shares of AMC Entertainment from a d+ rating to a c- rating in a report on Monday, March 12th. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $21.68.

AMC Entertainment stock opened at $15.25 on Tuesday. AMC Entertainment has a fifty-two week low of $10.80 and a fifty-two week high of $25.58. The company has a debt-to-equity ratio of 2.31, a quick ratio of 0.60 and a current ratio of 0.60.

AMC Entertainment (NYSE:AMC) last released its quarterly earnings data on Monday, May 7th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.12. AMC Entertainment had a negative net margin of 9.22% and a negative return on equity of 7.13%. The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter last year, the firm earned $0.07 EPS. AMC Entertainment’s quarterly revenue was up 8.0% compared to the same quarter last year. sell-side analysts forecast that AMC Entertainment will post 0.14 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 25th. Stockholders of record on Monday, June 11th will be issued a $0.20 dividend. The ex-dividend date is Friday, June 8th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.25%. AMC Entertainment’s dividend payout ratio (DPR) is presently -89.89%.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Royal Bank of Canada raised its holdings in shares of AMC Entertainment by 10.3% in the first quarter. Royal Bank of Canada now owns 41,863 shares of the company’s stock valued at $588,000 after purchasing an additional 3,898 shares during the last quarter. Highbridge Capital Management LLC raised its holdings in shares of AMC Entertainment by 88.3% in the first quarter. Highbridge Capital Management LLC now owns 141,200 shares of the company’s stock valued at $1,984,000 after purchasing an additional 66,200 shares during the last quarter. Millennium Management LLC acquired a new stake in shares of AMC Entertainment in the first quarter valued at approximately $2,156,000. Guggenheim Capital LLC raised its holdings in shares of AMC Entertainment by 167.7% in the first quarter. Guggenheim Capital LLC now owns 50,970 shares of the company’s stock valued at $717,000 after purchasing an additional 31,930 shares during the last quarter. Finally, Luxor Capital Group LP raised its holdings in shares of AMC Entertainment by 146.1% in the first quarter. Luxor Capital Group LP now owns 2,153,373 shares of the company’s stock valued at $30,255,000 after purchasing an additional 1,278,528 shares during the last quarter. Institutional investors own 42.07% of the company’s stock.

About AMC Entertainment

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for AMC Entertainment (NYSE:AMC)

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