Barrington Research Reiterates “Buy” Rating for AMC Entertainment (AMC)

AMC Entertainment (NYSE:AMC)‘s stock had its “buy” rating reaffirmed by research analysts at Barrington Research in a research note issued on Friday.

AMC has been the topic of several other research reports. MKM Partners lowered AMC Entertainment from a “buy” rating to a “neutral” rating and set a $21.00 target price on the stock. in a research note on Friday, September 14th. They noted that the move was a valuation call. ValuEngine raised AMC Entertainment from a “hold” rating to a “buy” rating in a research note on Tuesday, October 2nd. Wedbush raised AMC Entertainment to a “buy” rating and set a $25.00 target price on the stock in a research note on Monday, September 17th. William Blair reissued a “hold” rating on shares of AMC Entertainment in a research note on Monday, September 17th. Finally, Imperial Capital assumed coverage on AMC Entertainment in a research note on Wednesday, July 11th. They set an “outperform” rating and a $23.00 target price on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. AMC Entertainment presently has a consensus rating of “Buy” and an average price target of $20.28.

Shares of NYSE AMC traded up $0.18 during mid-day trading on Friday, reaching $19.82. 58,547 shares of the company’s stock were exchanged, compared to its average volume of 1,828,916. The stock has a market cap of $2.53 billion, a PE ratio of -22.30, a P/E/G ratio of 35.38 and a beta of 0.82. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 2.41. AMC Entertainment has a 52-week low of $10.80 and a 52-week high of $21.45.

AMC Entertainment (NYSE:AMC) last released its quarterly earnings results on Wednesday, August 1st. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.05. The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.43 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 20.0% compared to the same quarter last year. During the same period in the prior year, the business posted ($1.35) EPS. Research analysts predict that AMC Entertainment will post 0.06 EPS for the current year.

In other AMC Entertainment news, Director Wanda America Investment Holdi sold 75,826,927 shares of the stock in a transaction dated Friday, September 7th. The stock was sold at an average price of $1.82, for a total value of $138,005,007.14. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP John D. Mcdonald sold 17,500 shares of the stock in a transaction dated Monday, October 15th. The shares were 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 in the company, valued at approximately $737,939.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 75,861,927 shares of company stock worth $138,602,107. 0.80% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the business. Janus Henderson Group PLC raised its position in 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. Paloma Partners Management Co acquired a new stake in AMC Entertainment in the 2nd quarter valued at about $242,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new stake in AMC Entertainment in the 2nd quarter valued at about $288,000. Wolverine Asset Management LLC acquired a new stake in AMC Entertainment in the 2nd quarter valued at about $1,134,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in AMC Entertainment in the 2nd quarter valued at about $1,102,000. 40.04% of the stock is currently owned by institutional investors.

AMC Entertainment Company Profile

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.

Read More: Price to Earnings Ratio (PE)

Analyst Recommendations for AMC Entertainment (NYSE:AMC)

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