AMC Entertainment (AMC) Lowered to “Neutral” at MKM Partners

AMC Entertainment (NYSE:AMC) was downgraded by equities research analysts at MKM Partners from a “buy” rating to a “neutral” rating in a report issued on Friday, The Fly reports. They presently have a $21.00 price target on the stock. MKM Partners’ price objective suggests a potential upside of 6.06% from the company’s previous close. The analysts noted that the move was a valuation call.

Other equities analysts have also recently issued reports about the company. Zacks Investment Research upgraded AMC Entertainment from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research report on Wednesday, July 4th. Wedbush upgraded AMC Entertainment to a “buy” rating and set a $25.00 target price for the company in a research report on Tuesday, July 3rd. Benchmark upgraded AMC Entertainment from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research report on Thursday, June 21st. Cfra reaffirmed a “buy” rating and set a $18.00 price target on shares of AMC Entertainment in a research note on Wednesday, June 27th. Finally, ValuEngine raised AMC Entertainment from a “sell” rating to a “hold” rating in a research note on Friday, August 3rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $20.28.

AMC Entertainment stock opened at $19.80 on Friday. AMC Entertainment has a 52 week low of $10.80 and a 52 week high of $21.30. The company has a debt-to-equity ratio of 2.41, a current ratio of 0.68 and a quick ratio of 0.68. The stock has a market cap of $2.56 billion, a P/E ratio of -22.25, a price-to-earnings-growth ratio of 15.42 and a beta of 0.84.

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

In other news, CMO Stephen A. Colanero sold 5,364 shares of the business’s stock in a transaction dated Monday, June 18th. The stock was sold at an average price of $15.95, for a total value of $85,555.80. Following the completion of the sale, the chief marketing officer now owns 69,536 shares of the company’s stock, valued at approximately $1,109,099.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP John D. Mcdonald sold 17,500 shares of the business’s 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 sale, the executive vice president now directly owns 56,961 shares of the company’s stock, valued at approximately $878,338.62. The disclosure for this sale can be found here. Insiders own 0.80% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Janus Henderson Group PLC lifted its stake 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 acquiring an additional 307,890 shares during the last quarter. BlackRock Inc. lifted its stake in shares of AMC Entertainment by 2.6% in the 2nd quarter. BlackRock Inc. now owns 3,460,103 shares of the company’s stock valued at $55,015,000 after acquiring an additional 88,729 shares during the last quarter. Ceredex Value Advisors LLC bought a new stake in shares of AMC Entertainment in the 1st quarter valued at about $33,172,000. Luxor Capital Group LP lifted its stake 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 acquiring an additional 1,278,528 shares during the last quarter. Finally, Penn Capital Management Co. Inc. lifted its stake in shares of AMC Entertainment by 5.2% in the 1st quarter. Penn Capital Management Co. Inc. now owns 998,097 shares of the company’s stock valued at $14,061,000 after acquiring an additional 49,577 shares during the last quarter. 40.02% of the stock is owned by 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.

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