Traders Sell AMC Entertainment (AMC) on Strength (AMC)

Traders sold shares of AMC Entertainment Holdings Inc (NYSE:AMC) on strength during trading hours on Friday. $4.74 million flowed into the stock on the tick-up and $8.88 million flowed out of the stock on the tick-down, for a money net flow of $4.14 million out of the stock. Of all stocks tracked, AMC Entertainment had the 33rd highest net out-flow for the day. AMC Entertainment traded up $0.10 for the day and closed at $16.45

Several brokerages recently weighed in on AMC. ValuEngine raised AMC Entertainment from a “sell” rating to a “hold” rating in a report on Monday. B. Riley reissued a “buy” rating and issued a $27.50 price objective (down from $30.00) on shares of AMC Entertainment in a report on Friday, March 2nd. Zacks Investment Research lowered AMC Entertainment from a “hold” rating to a “sell” rating in a report on Monday, March 12th. TheStreet raised AMC Entertainment from a “d+” rating to a “c-” rating in a report on Monday, March 12th. Finally, Wedbush set a $19.00 price objective on AMC Entertainment and gave the company a “buy” rating in a report on Tuesday, February 20th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the stock. AMC Entertainment presently has a consensus rating of “Hold” and an average target price of $23.04.

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The firm has a market cap of $1,967.86, a P/E ratio of -18.48, a P/E/G ratio of 8.93 and a beta of 0.86. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 2.27.

AMC Entertainment (NYSE:AMC) last posted its earnings results on Thursday, March 1st. The company reported ($2.14) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($2.41). The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.41 billion. AMC Entertainment had a negative net margin of 9.59% and a negative return on equity of 6.04%. The firm’s revenue for the quarter was up 53.0% compared to the same quarter last year. During the same period last year, the company posted $0.33 earnings per share. sell-side analysts predict that AMC Entertainment Holdings Inc will post 0.17 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, March 26th. Stockholders of record on Monday, March 12th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.86%. The ex-dividend date was Friday, March 9th. AMC Entertainment’s dividend payout ratio (DPR) is presently -89.89%.

Several hedge funds and other institutional investors have recently modified their holdings of AMC. BNP Paribas Arbitrage SA boosted its position in shares of AMC Entertainment by 211.5% during the third quarter. BNP Paribas Arbitrage SA now owns 22,142 shares of the company’s stock worth $325,000 after buying an additional 15,033 shares during the period. New York State Common Retirement Fund boosted its position in shares of AMC Entertainment by 302.9% during the third quarter. New York State Common Retirement Fund now owns 318,297 shares of the company’s stock worth $4,679,000 after buying an additional 239,297 shares during the period. Russell Investments Group Ltd. boosted its position in shares of AMC Entertainment by 123.0% during the third quarter. Russell Investments Group Ltd. now owns 519,366 shares of the company’s stock worth $7,634,000 after buying an additional 286,445 shares during the period. SG Americas Securities LLC acquired a new position in shares of AMC Entertainment during the third quarter worth approximately $709,000. Finally, Wells Fargo & Company MN boosted its position in shares of AMC Entertainment by 24.9% during the third quarter. Wells Fargo & Company MN now owns 69,311 shares of the company’s stock worth $1,020,000 after buying an additional 13,799 shares during the period. Institutional investors and hedge funds own 43.76% of the company’s stock.

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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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