AMC Entertainment (AMC) Rating Reiterated by B. Riley
AMC Entertainment (NYSE:AMC)‘s stock had its “buy” rating restated by research analysts at B. Riley in a research report issued on Friday, Marketbeat Ratings reports. They currently have a $27.50 price target on the stock, down from their prior price target of $30.00. B. Riley’s price objective would suggest a potential upside of 74.60% from the company’s current price.
Several other research firms have also issued reports on AMC. Wedbush set a $19.00 price objective on AMC Entertainment and gave the company a “buy” rating in a research note on Tuesday, February 20th. Zacks Investment Research lowered AMC Entertainment from a “buy” rating to a “hold” rating in a research note on Tuesday, January 23rd. Royal Bank of Canada lowered AMC Entertainment from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, January 10th. Finally, Credit Suisse Group dropped their price objective on AMC Entertainment from $12.00 to $10.00 and set an “underperform” rating on the stock in a research note on Tuesday, November 7th. Three analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $23.04.
Shares of AMC Entertainment (AMC) opened at $15.75 on Friday. The company has a debt-to-equity ratio of 2.01, a current ratio of 0.53 and a quick ratio of 0.53. The stock has a market capitalization of $1,902.90, a P/E ratio of -4.20 and a beta of 0.84. AMC Entertainment has a 52 week low of $10.80 and a 52 week high of $32.10.
Several hedge funds and other institutional investors have recently made changes to their positions in AMC. Baupost Group LLC MA bought a new position in shares of AMC Entertainment during the third quarter worth approximately $52,411,000. Victory Capital Management Inc. bought a new position in shares of AMC Entertainment during the fourth quarter worth approximately $27,305,000. GMT Capital Corp increased its stake in shares of AMC Entertainment by 508.6% during the third quarter. GMT Capital Corp now owns 1,954,804 shares of the company’s stock worth $28,736,000 after purchasing an additional 1,633,604 shares during the period. Janus Henderson Group PLC increased its stake in shares of AMC Entertainment by 47.7% during the third quarter. Janus Henderson Group PLC now owns 4,142,367 shares of the company’s stock worth $60,893,000 after purchasing an additional 1,338,462 shares during the period. Finally, Thompson Siegel & Walmsley LLC increased its stake in shares of AMC Entertainment by 88.9% during the third quarter. Thompson Siegel & Walmsley LLC now owns 1,715,425 shares of the company’s stock worth $25,217,000 after purchasing an additional 807,304 shares during the period. Institutional investors own 49.57% of the company’s stock.
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AMC Entertainment 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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