A number of other analysts have also recently commented on AMC. B. Riley set a $30.00 price target on AMC Entertainment and gave the stock a buy rating in a research report on Tuesday, November 14th. Zacks Investment Research cut AMC Entertainment from a hold rating to a sell rating in a research report on Thursday, December 21st. Wedbush set a $19.00 price target on AMC Entertainment and gave the stock a buy rating in a research report on Monday, January 8th. Finally, Royal Bank of Canada cut AMC Entertainment from an outperform rating to a sector perform rating in a research report on Wednesday, January 10th. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $23.04.
Shares of AMC Entertainment (NYSE:AMC) opened at $14.75 on Monday. AMC Entertainment has a 52-week low of $10.80 and a 52-week high of $32.10. The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.62 and a current ratio of 0.62. The company has a market capitalization of $1,999.80, a PE ratio of -3.93, a price-to-earnings-growth ratio of 9.07 and a beta of 0.84.
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 26th. Investors of record on Monday, March 12th will be issued a $0.20 dividend. The ex-dividend date is Friday, March 9th. This represents a $0.80 dividend on an annualized basis and a yield of 5.42%. AMC Entertainment’s payout ratio is -21.33%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Independent Advisor Alliance acquired a new position in AMC Entertainment in the 3rd quarter worth about $291,000. Aperio Group LLC purchased a new stake in AMC Entertainment during the 3rd quarter worth approximately $440,000. Eaton Vance Management increased its stake in AMC Entertainment by 57.3% during the 4th quarter. Eaton Vance Management now owns 85,000 shares of the company’s stock worth $1,284,000 after buying an additional 30,975 shares in the last quarter. Caxton Associates LP purchased a new stake in AMC Entertainment during the 3rd quarter worth approximately $2,205,000. Finally, Public Employees Retirement System of Ohio increased its stake in AMC Entertainment by 10,509.5% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 96,228 shares of the company’s stock worth $1,415,000 after buying an additional 95,321 shares in the last quarter. 43.33% of the stock is owned by institutional investors.
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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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