AMC Entertainment (NYSE:AMC)‘s stock had its “hold” rating reissued by investment analysts at William Blair in a research report issued to clients and investors on Monday.

Other analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of AMC Entertainment from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a report on Wednesday, July 4th. Wedbush upgraded shares of AMC Entertainment to a “buy” rating and set a $25.00 price target on the stock in a report on Tuesday, July 3rd. Benchmark upgraded shares of AMC Entertainment from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Thursday, June 21st. Cfra reiterated a “buy” rating and issued a $18.00 price target on shares of AMC Entertainment in a report on Wednesday, June 27th. Finally, ValuEngine upgraded shares of AMC Entertainment from a “sell” rating to a “hold” rating in a report on Friday, August 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $20.28.

Shares of NYSE AMC opened at $20.00 on Monday. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.68 and a current ratio of 0.68. The firm has a market capitalization of $2.53 billion, a price-to-earnings ratio of -22.47, a P/E/G ratio of 15.23 and a beta of 0.83. AMC Entertainment has a 52-week low of $10.80 and a 52-week high of $21.30.

AMC Entertainment (NYSE:AMC) last announced its quarterly earnings results on Wednesday, August 1st. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.05. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.43 billion. AMC Entertainment had a negative net margin of 5.15% and a positive return on equity of 1.70%. AMC Entertainment’s revenue for the quarter was up 20.0% compared to the same quarter last year. During the same period in the previous year, the firm posted ($1.35) EPS. equities analysts forecast that AMC Entertainment will post 0.13 earnings per share for the current year.

In other news, EVP John D. Mcdonald sold 17,500 shares of the business’s stock in a transaction dated Monday, July 30th. The shares were sold at an average price of $15.42, for a total value of $269,850.00. Following the sale, the executive vice president now directly owns 56,961 shares in the company, valued at approximately $878,338.62. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Wanda America Investment Holdi sold 75,826,927 shares of the business’s stock in a transaction dated Friday, September 7th. The stock was sold at an average price of $1.82, for a total transaction of $138,005,007.14. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. boosted its stake in shares of AMC Entertainment by 3.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 90,257 shares of the company’s stock worth $1,268,000 after purchasing an additional 3,140 shares during the period. Royal Bank of Canada boosted its stake in shares of AMC Entertainment by 10.3% during the 1st quarter. Royal Bank of Canada now owns 41,863 shares of the company’s stock worth $588,000 after purchasing an additional 3,898 shares during the period. Swiss National Bank boosted its stake in shares of AMC Entertainment by 6.0% during the 1st quarter. Swiss National Bank now owns 90,741 shares of the company’s stock worth $1,275,000 after purchasing an additional 5,100 shares during the period. Barclays PLC boosted its stake in shares of AMC Entertainment by 44.1% during the 1st quarter. Barclays PLC now owns 17,144 shares of the company’s stock worth $240,000 after purchasing an additional 5,244 shares during the period. Finally, Bank of Montreal Can boosted its stake in shares of AMC Entertainment by 141.4% during the 2nd quarter. Bank of Montreal Can now owns 9,006 shares of the company’s stock worth $143,000 after purchasing an additional 5,275 shares during the period. 40.02% of the stock is owned by hedge funds and other institutional investors.

AMC Entertainment Company Profile

AMC Entertainment Holdings, Inc, through its subsidiaries, operates in the theatrical exhibition business. The company owns, operates, or has interests in theatres. As of December 31, 2017, it owned, operated, or had interests in 649 theatres with a total of 8,224 screens in the United States; and 365 theatres and 2,945 screens internationally.

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Analyst Recommendations for AMC Entertainment (NYSE:AMC)

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