Zacks Investment Research cut shares of AMC Entertainment (NYSE:AMC) from a hold rating to a sell rating in a research report report published on Friday, Zacks.com reports.

According to Zacks, “AMC Entertainment Holdings, Inc., operates as a theatrical exhibition company primarily in the United States and internationally. It owned or interests in theatres and screens. AMC Entertainment Holdings, Inc. is based in Leawood, Kansas. “

Several other equities analysts have also issued reports on AMC. B. Riley reiterated a buy rating and issued a $22.00 target price (up previously from $19.00) on shares of AMC Entertainment in a research note on Friday, August 9th. Loop Capital reissued a hold rating on shares of AMC Entertainment in a report on Wednesday, July 3rd. TheStreet downgraded AMC Entertainment from a c rating to a d+ rating in a report on Friday, May 10th. Wedbush reissued an outperform rating and issued a $15.00 price target on shares of AMC Entertainment in a report on Wednesday, July 31st. Finally, Bank of America lowered their price target on AMC Entertainment from $17.00 to $14.00 and set a neutral rating for the company in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. AMC Entertainment has an average rating of Buy and a consensus target price of $16.05.

AMC opened at $11.15 on Friday. The business’s 50-day moving average is $10.47 and its two-hundred day moving average is $12.97. AMC Entertainment has a 1 year low of $8.73 and a 1 year high of $21.45. The company has a debt-to-equity ratio of 7.30, a current ratio of 0.34 and a quick ratio of 0.33. The firm has a market capitalization of $1.16 billion, a PE ratio of 85.77 and a beta of 0.85.

AMC Entertainment (NYSE:AMC) last posted its earnings results on Thursday, August 8th. The company reported $0.17 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.17. AMC Entertainment had a negative return on equity of 10.94% and a negative net margin of 0.20%. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the previous year, the firm earned $0.17 earnings per share. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. As a group, sell-side analysts expect that AMC Entertainment will post -0.84 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Monday, September 9th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 7.17%. The ex-dividend date of this dividend is Friday, September 6th. AMC Entertainment’s payout ratio is presently 615.38%.

A number of large investors have recently made changes to their positions in AMC. Cambridge Investment Research Advisors Inc. increased its holdings in shares of AMC Entertainment by 9.2% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 78,222 shares of the company’s stock valued at $730,000 after acquiring an additional 6,590 shares during the last quarter. Nuveen Asset Management LLC purchased a new position in shares of AMC Entertainment in the 2nd quarter valued at about $1,932,000. Victory Capital Management Inc. increased its holdings in shares of AMC Entertainment by 23.1% in the 2nd quarter. Victory Capital Management Inc. now owns 1,807,308 shares of the company’s stock valued at $16,862,000 after acquiring an additional 338,938 shares during the last quarter. UBS Asset Management Americas Inc. increased its holdings in shares of AMC Entertainment by 23.5% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 52,313 shares of the company’s stock valued at $488,000 after acquiring an additional 9,954 shares during the last quarter. Finally, Point72 Hong Kong Ltd increased its holdings in shares of AMC Entertainment by 57.3% in the 2nd quarter. Point72 Hong Kong Ltd now owns 26,729 shares of the company’s stock valued at $249,000 after acquiring an additional 9,738 shares during the last quarter. 48.64% of the stock is owned by institutional investors.

About AMC Entertainment

AMC Entertainment Holdings, Inc, through its subsidiaries, involved in the theatrical exhibition business. The company owns, operates, or has interests in theatres. As of December 31, 2018, it owned, operated, or had interests in 637 theatres with a total of 8,114 screens in the United States; and 369 theatres and 2,977 screens in European markets.

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