AMC Entertainment Holdings Inc (AMC) Rating Reiterated by Wedbush
AMC Entertainment Holdings Inc (NYSE:AMC)‘s stock had its “outperform” rating reaffirmed by Wedbush in a research note issued on Monday. They presently have a $41.00 target price on the stock, up from their previous target price of $40.00. Wedbush’s target price indicates a potential upside of 33.99% from the company’s current price.
A number of other equities analysts also recently issued reports on AMC. B. Riley reiterated a “buy” rating and set a $47.50 price target on shares of AMC Entertainment Holdings in a research note on Tuesday, January 24th. Goldman Sachs Group Inc began coverage on AMC Entertainment Holdings in a research note on Tuesday, December 13th. They set a “neutral” rating and a $33.00 price target for the company. Finally, MKM Partners reiterated a “buy” rating and set a $41.00 price target (down previously from $42.00) on shares of AMC Entertainment Holdings in a research note on Friday, March 3rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $36.39.
AMC Entertainment Holdings (NYSE:AMC) opened at 30.60 on Monday. The stock has a 50 day moving average price of $31.24 and a 200 day moving average price of $32.30. The firm has a market cap of $3.37 billion, a P/E ratio of 27.08 and a beta of 1.53. AMC Entertainment Holdings has a 52-week low of $25.75 and a 52-week high of $35.65.
AMC Entertainment Holdings (NYSE:AMC) last released its quarterly earnings results on Tuesday, February 28th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.11. The business earned $926.10 million during the quarter, compared to the consensus estimate of $817.33 million. AMC Entertainment Holdings had a return on equity of 7.95% and a net margin of 4.02%. The company’s quarterly revenue was up 18.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.43 EPS. Equities analysts predict that AMC Entertainment Holdings will post $1.03 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 27th. Shareholders of record on Monday, March 13th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, March 9th. This represents a $0.80 dividend on an annualized basis and a yield of 2.61%. AMC Entertainment Holdings’s payout ratio is 63.49%.
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In other AMC Entertainment Holdings news, CEO Adam M. Aron bought 31,747 shares of the stock in a transaction on Monday, February 13th. The shares were acquired at an average price of $31.50 per share, with a total value of $1,000,030.50. Following the acquisition, the chief executive officer now directly owns 51,747 shares of the company’s stock, valued at approximately $1,630,030.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.29% of the company’s stock.
A number of large investors have recently modified their holdings of AMC. Blackstone Group L.P. boosted its stake in shares of AMC Entertainment Holdings by 167.8% in the third quarter. Blackstone Group L.P. now owns 23,831 shares of the company’s stock worth $741,000 after buying an additional 14,931 shares during the last quarter. Arrowgrass Capital Partners US LP acquired a new stake in shares of AMC Entertainment Holdings during the third quarter worth about $1,043,000. CQS Cayman LP acquired a new stake in shares of AMC Entertainment Holdings during the third quarter worth about $2,176,000. Convergence Investment Partners LLC boosted its stake in shares of AMC Entertainment Holdings by 112.3% in the third quarter. Convergence Investment Partners LLC now owns 25,650 shares of the company’s stock worth $797,000 after buying an additional 13,570 shares during the last quarter. Finally, Oppenheimer & Co. Inc. boosted its stake in shares of AMC Entertainment Holdings by 48.9% in the third quarter. Oppenheimer & Co. Inc. now owns 190,350 shares of the company’s stock worth $5,918,000 after buying an additional 62,500 shares during the last quarter. 24.70% of the stock is currently owned by institutional investors and hedge funds.
AMC Entertainment Holdings Company Profile
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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