AMC has been the subject of several analyst reports. Imperial Capital lowered their price objective on AMC Entertainment from $21.00 to $20.00 and set an “outperform” rating for the company in a research note on Tuesday. B. Riley reissued a “buy” rating and issued a $15.00 price objective on shares of AMC Entertainment in a research note on Thursday, December 5th. Goldman Sachs Group set a $11.00 price objective on AMC Entertainment and gave the stock a “hold” rating in a research note on Tuesday, October 15th. Cfra downgraded AMC Entertainment from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 7th. Finally, Bank of America downgraded AMC Entertainment from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $14.00 to $7.00 in a research note on Wednesday, December 18th.
AMC Entertainment (NYSE:AMC) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.53) EPS for the quarter, missing the consensus estimate of ($0.42) by ($0.11). The company had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.31 billion. AMC Entertainment had a negative return on equity of 8.31% and a net margin of 0.64%. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period last year, the company earned ($0.82) earnings per share. As a group, research analysts anticipate that AMC Entertainment will post -1.24 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 11.24%. The ex-dividend date was Friday, November 29th. AMC Entertainment’s payout ratio is 615.38%.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Swiss National Bank boosted its holdings in shares of AMC Entertainment by 7.6% in the second quarter. Swiss National Bank now owns 96,341 shares of the company’s stock worth $899,000 after acquiring an additional 6,800 shares during the period. Wells Fargo & Company MN boosted its stake in AMC Entertainment by 25.9% during the second quarter. Wells Fargo & Company MN now owns 161,581 shares of the company’s stock valued at $1,506,000 after buying an additional 33,245 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in AMC Entertainment by 6.3% during the second quarter. Charles Schwab Investment Management Inc. now owns 655,414 shares of the company’s stock valued at $6,116,000 after buying an additional 39,083 shares during the period. LPL Financial LLC boosted its stake in AMC Entertainment by 64.2% during the second quarter. LPL Financial LLC now owns 88,845 shares of the company’s stock valued at $829,000 after buying an additional 34,753 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in AMC Entertainment by 7.5% during the second quarter. Bank of New York Mellon Corp now owns 691,735 shares of the company’s stock valued at $6,453,000 after buying an additional 48,148 shares during the period. 50.57% 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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