Barrington Research initiated coverage on shares of AMC Entertainment (NYSE:AMC) in a research note published on Wednesday morning, TipRanks reports. The firm issued a hold rating on the stock.
A number of other research firms also recently weighed in on AMC. Zacks Investment Research downgraded shares of AMC Entertainment from a hold rating to a sell rating in a research report on Wednesday. Loop Capital downgraded shares of AMC Entertainment from a hold rating to a sell rating in a research report on Sunday, April 19th. Macquarie reiterated a hold rating and issued a $5.00 price target on shares of AMC Entertainment in a research report on Wednesday. Imperial Capital lifted their price target on shares of AMC Entertainment from $3.00 to $4.00 and gave the company an in-line rating in a research report on Friday, June 5th. Finally, Benchmark downgraded shares of AMC Entertainment from a buy rating to a hold rating in a research report on Monday, March 16th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. AMC Entertainment presently has an average rating of Hold and a consensus target price of $8.35.
AMC stock traded down $0.85 during mid-day trading on Wednesday, hitting $5.44. 245,291 shares of the company were exchanged, compared to its average volume of 7,028,294. The business has a 50 day simple moving average of $4.62 and a 200-day simple moving average of $5.67. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 8.02. The stock has a market capitalization of $560.81 million, a PE ratio of -2.91 and a beta of 1.68. AMC Entertainment has a 1-year low of $1.95 and a 1-year high of $12.49.
AMC Entertainment (NYSE:AMC) last issued its quarterly earnings data on Tuesday, June 9th. The company reported ($2.22) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($2.16) by ($0.06). The company had revenue of $941.50 million for the quarter, compared to analyst estimates of $947.06 million. AMC Entertainment had a negative return on equity of 6.69% and a negative net margin of 2.73%. The company’s revenue was down 21.5% on a year-over-year basis. During the same quarter last year, the business earned ($1.25) earnings per share. Equities research analysts expect that AMC Entertainment will post -5.46 earnings per share for the current year.
A number of large investors have recently made changes to their positions in AMC. Wiley BROS. Aintree Capital LLC bought a new position in AMC Entertainment in the first quarter valued at approximately $32,000. Palladium Partners LLC bought a new stake in shares of AMC Entertainment during the first quarter worth $32,000. Arizona State Retirement System bought a new stake in shares of AMC Entertainment during the first quarter worth $39,000. Great West Life Assurance Co. Can bought a new stake in shares of AMC Entertainment during the fourth quarter worth $42,000. Finally, Point72 Hong Kong Ltd bought a new stake in shares of AMC Entertainment during the fourth quarter worth $44,000. 37.35% of the stock is currently owned by institutional investors and hedge funds.
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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