Benchmark Co. Boosts AMC Entertainment Holdings Inc. (AMC) Price Target to $41.09
AMC Entertainment Holdings Inc. (NYSE:AMC) had its price objective upped by equities researchers at Benchmark Co. from $36.40 to $41.09 in a report released on Thursday. The brokerage presently has a “buy” rating on the stock. Benchmark Co.’s price objective indicates a potential upside of 19.10% from the stock’s previous close.
A number of other equities research analysts have also issued reports on AMC. MKM Partners lifted their target price on AMC Entertainment Holdings from $33.00 to $35.00 and gave the company a “buy” rating in a research report on Monday, July 25th. Wedbush reaffirmed an “outperform” rating and set a $33.00 price target on shares of AMC Entertainment Holdings in a research report on Monday, July 25th. B. Riley reaffirmed a “buy” rating and set a $37.00 price target on shares of AMC Entertainment Holdings in a research report on Tuesday, July 26th. FBR & Co boosted their price target on AMC Entertainment Holdings from $36.00 to $40.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 26th. Finally, Zacks Investment Research raised AMC Entertainment Holdings from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 2nd. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $33.85.
Shares of AMC Entertainment Holdings (NYSE:AMC) traded up 0.14% during trading on Thursday, reaching $34.55. 46,234 shares of the company were exchanged. AMC Entertainment Holdings has a 1-year low of $19.28 and a 1-year high of $35.00. The company’s 50-day moving average is $32.02 and its 200 day moving average is $29.91. The firm has a market capitalization of $3.36 billion, a PE ratio of 27.27 and a beta of 1.54.
AMC Entertainment Holdings (NYSE:AMC) last announced its earnings results on Monday, November 7th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.08. AMC Entertainment Holdings had a return on equity of 7.95% and a net margin of 4.02%. The business had revenue of $779.77 million for the quarter, compared to analyst estimates of $781.56 million. During the same quarter last year, the firm earned $0.14 EPS. AMC Entertainment Holdings’s revenue for the quarter was up 13.2% compared to the same quarter last year. Equities research analysts expect that AMC Entertainment Holdings will post $1.03 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 19th. Stockholders of record on Monday, December 5th will be given a dividend of $0.20 per share. The ex-dividend date is Thursday, December 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.32%. AMC Entertainment Holdings’s payout ratio is 63.49%.
Several hedge funds have recently added to or reduced their stakes in AMC. 1832 Asset Management L.P. increased its stake in AMC Entertainment Holdings by 158.4% in the third quarter. 1832 Asset Management L.P. now owns 1,403,514 shares of the company’s stock worth $43,237,000 after buying an additional 860,447 shares during the last quarter. Emerald Acquisition Ltd. acquired a new position in AMC Entertainment Holdings during the second quarter worth approximately $7,395,000. Vanguard Group Inc. boosted its position in AMC Entertainment Holdings by 13.6% in the second quarter. Vanguard Group Inc. now owns 2,005,153 shares of the company’s stock worth $55,362,000 after buying an additional 239,379 shares during the period. Prudential Financial Inc. boosted its position in AMC Entertainment Holdings by 1,290.9% in the second quarter. Prudential Financial Inc. now owns 191,250 shares of the company’s stock worth $5,280,000 after buying an additional 177,500 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its position in AMC Entertainment Holdings by 38.9% in the second quarter. UBS Asset Management Americas Inc. now owns 513,055 shares of the company’s stock worth $14,166,000 after buying an additional 143,713 shares during the period. Hedge funds and other institutional investors own 21.05% of the company’s stock.
About AMC Entertainment Holdings
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. The Company operates through theatrical exhibition operations segment.
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