Barrington Research restated their buy rating on shares of AMC Entertainment (NYSE:AMC) in a report issued on Friday. The firm currently has a $22.00 price target on the stock.

Other research analysts have also recently issued reports about the company. Wedbush raised AMC Entertainment to a buy rating and set a $25.00 price objective for the company in a research report on Monday, September 17th. ValuEngine raised AMC Entertainment from a hold rating to a buy rating in a research report on Tuesday, October 2nd. William Blair reaffirmed a hold rating on shares of AMC Entertainment in a research report on Monday, September 17th. Zacks Investment Research cut AMC Entertainment from a buy rating to a hold rating in a research report on Friday, July 20th. Finally, MKM Partners cut 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. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. AMC Entertainment presently has a consensus rating of Buy and a consensus target price of $21.81.

Shares of NYSE:AMC traded down $2.47 on Friday, hitting $15.66. 6,800,138 shares of the company’s stock were exchanged, compared to its average volume of 1,907,198. The stock has a market cap of $2.34 billion, a P/E ratio of 65.64, a P/E/G ratio of 114.88 and a beta of 0.83. AMC Entertainment has a 1-year low of $10.80 and a 1-year high of $21.45. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.68 and a current ratio of 0.68.

AMC Entertainment (NYSE:AMC) last released its quarterly earnings data on Thursday, November 8th. The company reported ($0.82) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.49) by ($0.33). The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.22 billion. AMC Entertainment had a positive return on equity of 1.70% and a negative net margin of 5.15%. The company’s revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.33) earnings per share. On average, equities research analysts predict that AMC Entertainment will post 0.02 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 26th. Stockholders of record on Monday, December 10th will be given a dividend of $0.20 per share. The ex-dividend date is Friday, December 7th. This represents a $0.80 annualized dividend and a dividend yield of 5.11%. AMC Entertainment’s dividend payout ratio is currently -89.89%.

In related news, EVP John D. Mcdonald sold 17,500 shares of the company’s stock in a transaction dated Monday, October 15th. The stock was sold at an average price of $18.70, for a total value of $327,250.00. Following the completion of the sale, the executive vice president now directly owns 39,462 shares of the company’s stock, valued at approximately $737,939.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Wanda America Investment Holdi sold 75,826,927 shares of the company’s stock in a transaction dated Friday, September 7th. The shares were sold at an average price of $1.82, for a total value of $138,005,007.14. The disclosure for this sale can be found here. Corporate insiders own 0.80% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in AMC. JPMorgan Chase & Co. boosted its position 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 during the period. LPL Financial LLC boosted its position in shares of AMC Entertainment by 67.3% in the 1st quarter. LPL Financial LLC now owns 42,903 shares of the company’s stock valued at $603,000 after purchasing an additional 17,254 shares during the period. Guggenheim Capital LLC boosted its position in shares of AMC Entertainment by 167.7% in the 1st 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 period. Millennium Management LLC acquired a new stake in shares of AMC Entertainment in the 1st quarter valued at about $2,156,000. Finally, Royal Bank of Canada boosted its position in shares of AMC Entertainment by 10.3% in the 1st 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 period. 40.25% of the stock is owned by hedge funds and other institutional investors.

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.

Further Reading: What is a Call Option?

Analyst Recommendations for AMC Entertainment (NYSE:AMC)

Receive News & Ratings for AMC Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMC Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.