Shares of AMC Entertainment Holdings Inc (NYSE:AMC) have earned a consensus recommendation of “Hold” from the thirteen analysts that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $20.56.

A number of brokerages recently weighed in on AMC. William Blair reiterated a “hold” rating on shares of AMC Entertainment in a research note on Monday, September 17th. Wedbush upgraded shares of AMC Entertainment to a “buy” rating and set a $25.00 price objective for the company in a research report on Monday, September 17th. MKM Partners downgraded shares of AMC Entertainment from a “buy” rating to a “neutral” rating and set a $21.00 price objective for the company. in a research report on Friday, September 14th. They noted that the move was a valuation call. ValuEngine upgraded shares of AMC Entertainment from a “sell” rating to a “hold” rating in a research report on Friday, August 3rd. Finally, Zacks Investment Research downgraded shares of AMC Entertainment from a “buy” rating to a “hold” rating in a research report on Friday, July 20th.

NYSE:AMC traded down $1.15 during trading hours on Wednesday, reaching $20.20. 87,336 shares of the company’s stock were exchanged, compared to its average volume of 1,862,309. The stock has a market cap of $2.72 billion, a P/E ratio of -22.87, a P/E/G ratio of 16.17 and a beta of 0.83. The company has a debt-to-equity ratio of 2.41, a current ratio of 0.68 and a quick ratio of 0.68. AMC Entertainment has a 1-year low of $10.80 and a 1-year high of $21.45.

AMC Entertainment (NYSE:AMC) last issued its quarterly earnings results on Wednesday, August 1st. The company reported $0.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.05. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.43 billion. AMC Entertainment had a negative net margin of 5.15% and a positive return on equity of 1.70%. AMC Entertainment’s quarterly revenue was up 20.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($1.35) EPS. sell-side analysts expect that AMC Entertainment will post 0.13 EPS for the current fiscal year.

The business also recently declared a special dividend, which will be paid on Friday, September 28th. Stockholders of record on Tuesday, September 25th will be issued a $1.55 dividend. The ex-dividend date is Monday, September 24th. This represents a dividend yield of 4.01%. AMC Entertainment’s dividend payout ratio is presently -89.89%.

In other news, EVP John D. Mcdonald sold 17,500 shares of the stock in a transaction dated Monday, July 30th. The shares were sold at an average price of $15.42, for a total value of $269,850.00. Following the completion of the transaction, the executive vice president now owns 56,961 shares in the company, valued at approximately $878,338.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Wanda America Investment Holdi sold 75,826,927 shares of the stock in a transaction dated Friday, September 7th. The shares were sold at an average price of $1.82, for a total transaction of $138,005,007.14. The disclosure for this sale can be found here. Company insiders own 1.40% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in AMC. Luxor Capital Group LP increased its holdings in shares of AMC Entertainment by 146.1% in the 1st 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 in the last quarter. Millennium Management LLC increased its holdings in shares of AMC Entertainment by 416.0% in the 2nd quarter. Millennium Management LLC now owns 791,950 shares of the company’s stock valued at $12,592,000 after purchasing an additional 638,484 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of AMC Entertainment by 105.0% in the 1st quarter. JPMorgan Chase & Co. now owns 27,353 shares of the company’s stock valued at $384,000 after purchasing an additional 572,903 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of AMC Entertainment by 6.8% in the 2nd quarter. Janus Henderson Group PLC now owns 4,808,385 shares of the company’s stock valued at $76,453,000 after purchasing an additional 307,890 shares in the last quarter. Finally, Engineers Gate Manager LP increased its holdings in shares of AMC Entertainment by 1,806.7% in the 2nd quarter. Engineers Gate Manager LP now owns 198,296 shares of the company’s stock valued at $3,153,000 after purchasing an additional 187,896 shares in the last quarter. Institutional investors and hedge funds own 40.01% 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.

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Analyst Recommendations for AMC Entertainment (NYSE:AMC)

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