AMC Entertainment Holdings (NYSE:AMC) has earned an average recommendation of “Hold” from the seventeen ratings firms that are presently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $23.83.
Several research firms have recently issued reports on AMC. Wedbush restated an “outperform” rating on shares of AMC Entertainment in a report on Tuesday, April 10th. Zacks Investment Research downgraded shares of AMC Entertainment from a “hold” rating to a “sell” rating in a report on Wednesday, April 11th. TheStreet upgraded shares of AMC Entertainment from a “d+” rating to a “c-” rating in a report on Monday, March 12th. ValuEngine upgraded shares of AMC Entertainment from a “sell” rating to a “hold” rating in a report on Monday, April 2nd. Finally, B. Riley restated a “buy” rating and set a $30.00 price objective on shares of AMC Entertainment in a report on Monday, January 22nd.
NYSE:AMC opened at $17.00 on Friday. AMC Entertainment has a 52-week low of $10.80 and a 52-week high of $31.40. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 2.27. The stock has a market cap of $2,172.31, a PE ratio of -19.10 and a beta of 0.86.
The firm also recently announced a quarterly dividend, which was paid on Monday, March 26th. Investors of record on Monday, March 12th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, March 9th. This represents a $0.80 dividend on an annualized basis and a yield of 4.71%. AMC Entertainment’s payout ratio is currently -89.89%.
A number of hedge funds and other institutional investors have recently bought and sold shares of AMC. Victory Capital Management Inc. bought a new stake in AMC Entertainment in the fourth quarter valued at about $27,305,000. Heartland Advisors Inc. bought a new stake in AMC Entertainment in the fourth quarter valued at about $6,040,000. Penn Capital Management Co. Inc. increased its stake in AMC Entertainment by 72.6% in the fourth quarter. Penn Capital Management Co. Inc. now owns 948,520 shares of the company’s stock valued at $14,343,000 after acquiring an additional 398,827 shares during the period. Lapides Asset Management LLC increased its stake in AMC Entertainment by 223.3% in the fourth quarter. Lapides Asset Management LLC now owns 501,100 shares of the company’s stock valued at $7,567,000 after acquiring an additional 346,100 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in AMC Entertainment by 65.8% in the fourth quarter. Bank of New York Mellon Corp now owns 726,748 shares of the company’s stock valued at $10,974,000 after acquiring an additional 288,419 shares during the period. 43.75% of the stock is currently owned by institutional investors and hedge funds.
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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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