Zacks Investment Research upgraded shares of AMC Entertainment (NYSE:AMC) from a hold rating to a buy rating in a research note published on Tuesday. They currently have $16.00 price target on the stock.
According to Zacks, “AMC Entertainment Holdings, Inc., operates as a theatrical exhibition company primarily in the United States and internationally. It owned or interests in theatres and screens. AMC Entertainment Holdings, Inc. is based in Leawood, Kansas. “
A number of other equities analysts have also weighed in on the company. Wedbush set a $21.00 price objective on AMC Entertainment and gave the stock a buy rating in a research note on Wednesday, November 1st. B. Riley reissued a buy rating and set a $30.00 price objective (down previously from $30.50) on shares of AMC Entertainment in a research note on Tuesday, November 7th. Credit Suisse Group lowered 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. MKM Partners reaffirmed a buy rating and issued a $28.00 price target on shares of AMC Entertainment in a research note on Monday, September 18th. Finally, Royal Bank of Canada lowered AMC Entertainment from an outperform rating to a sector perform rating in a research note on Wednesday, January 10th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $24.23.
AMC Entertainment (NYSE:AMC) last released its quarterly earnings data on Monday, November 6th. The company reported ($0.33) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.29) by ($0.04). The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.16 billion. AMC Entertainment had a negative return on equity of 6.20% and a negative net margin of 3.87%. The business’s quarterly revenue was up 51.2% on a year-over-year basis. During the same period last year, the firm posted $0.31 EPS. sell-side analysts predict that AMC Entertainment will post -1.24 earnings per share for the current year.
Institutional investors have recently made changes to their positions in the company. Ameritas Investment Partners Inc. lifted its stake in shares of AMC Entertainment by 8.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,845 shares of the company’s stock valued at $110,000 after purchasing an additional 372 shares during the last quarter. Seven Eight Capital LP acquired a new position in shares of AMC Entertainment in the 2nd quarter valued at $125,000. Pacer Advisors Inc. lifted its stake in shares of AMC Entertainment by 12.0% in the 2nd quarter. Pacer Advisors Inc. now owns 5,600 shares of the company’s stock valued at $127,000 after purchasing an additional 601 shares during the last quarter. BNP Paribas Arbitrage SA lifted its stake in shares of AMC Entertainment by 574.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,109 shares of the company’s stock valued at $162,000 after purchasing an additional 6,055 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. purchased a new stake in shares of AMC Entertainment in the 2nd quarter valued at $222,000. 48.60% of the stock is currently owned by institutional investors and hedge funds.
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About AMC Entertainment
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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