Investment analysts at Roth Capital started coverage on shares of AMC Entertainment (NYSE:AMC) in a research report issued on Friday. The brokerage set an “outperform” rating and a $18.00 price target on the stock. Roth Capital’s price target suggests a potential upside of 72.08% from the company’s current price.

A number of other analysts also recently weighed in on the company. B. Riley set a $20.00 price target on AMC Entertainment and gave the stock a “buy” rating in a report on Wednesday, June 26th. ValuEngine upgraded Zumiez from a “sell” rating to a “hold” rating in a report on Saturday, June 22nd. Benchmark decreased their price target on AMC Entertainment from $20.00 to $17.00 and set a “buy” rating for the company in a report on Monday, May 13th. Barrington Research reiterated a “buy” rating on shares of AMC Entertainment in a report on Thursday. Finally, Credit Suisse Group set a €32.70 ($38.02) price target on Software and gave the stock a “neutral” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $17.15.

NYSE:AMC traded up $0.84 during trading hours on Friday, hitting $10.46. 383,188 shares of the company were exchanged, compared to its average volume of 2,534,734. The company has a market cap of $1.02 billion, a PE ratio of 80.46 and a beta of 0.85. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 7.43. AMC Entertainment has a one year low of $8.73 and a one year high of $21.45. The business’s fifty day moving average is $10.29.

AMC Entertainment (NYSE:AMC) last announced its earnings results on Thursday, May 9th. The company reported ($1.25) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.51) by ($0.74). The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.19 billion. AMC Entertainment had a negative return on equity of 11.59% and a negative net margin of 0.72%. The firm’s revenue for the quarter was down 13.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.14 earnings per share. On average, research analysts anticipate that AMC Entertainment will post -0.53 EPS for the current year.

In other news, Director Raymond C. Stachowiak bought 160,559 shares of AMC Entertainment stock in a transaction dated Wednesday, May 15th. The stock was bought at an average cost of $2.73 per share, for a total transaction of $438,326.07. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.80% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. grew its stake in shares of AMC Entertainment by 3.0% in the 4th quarter. BlackRock Inc. now owns 3,668,500 shares of the company’s stock valued at $45,050,000 after buying an additional 105,284 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of AMC Entertainment by 4.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,959,453 shares of the company’s stock valued at $24,062,000 after buying an additional 74,905 shares during the period. Norges Bank acquired a new stake in shares of AMC Entertainment in the 4th quarter valued at about $12,816,000. JPMorgan Chase & Co. grew its stake in shares of AMC Entertainment by 648.9% in the 1st quarter. JPMorgan Chase & Co. now owns 864,774 shares of the company’s stock valued at $12,842,000 after buying an additional 749,305 shares during the period. Finally, Penn Capital Management Co. Inc. grew its stake in shares of AMC Entertainment by 7.1% in the 1st quarter. Penn Capital Management Co. Inc. now owns 744,399 shares of the company’s stock valued at $11,054,000 after buying an additional 49,323 shares during the period. Institutional investors own 49.08% of the company’s stock.

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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Analyst Recommendations for AMC Entertainment (NYSE:AMC)

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