AMC Entertainment (AMC) Lifted to Buy at Wedbush

AMC Entertainment (NYSE:AMC) was upgraded by investment analysts at Wedbush to a “buy” rating in a report issued on Wednesday. The brokerage presently has a $25.00 target price on the stock. Wedbush’s price target points to a potential upside of 29.94% from the company’s previous close.

Other equities research analysts have also 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 objective on the stock in a report on Wednesday, July 4th. Barrington Research restated a “buy” rating on shares of AMC Entertainment in a report on Friday, October 19th. ValuEngine upgraded shares of AMC Entertainment from a “hold” rating to a “buy” rating in a report on Tuesday, October 2nd. MKM Partners lowered shares of AMC Entertainment from a “buy” rating to a “neutral” rating and set a $21.00 price objective on the stock. in a report on Friday, September 14th. They noted that the move was a valuation call. Finally, Imperial Capital began coverage on shares of AMC Entertainment in a report on Wednesday, July 11th. They set an “outperform” rating and a $23.00 price objective on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $20.28.

Shares of NYSE:AMC opened at $19.24 on Wednesday. AMC Entertainment has a 12 month low of $10.80 and a 12 month high of $21.45. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 2.41. The firm has a market cap of $2.27 billion, a P/E ratio of -21.62, a P/E/G ratio of 117.00 and a beta of 0.82.

AMC Entertainment (NYSE:AMC) last issued its quarterly earnings data on Wednesday, August 1st. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.05. AMC Entertainment had a negative net margin of 5.15% and a positive return on equity of 1.70%. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same period last year, the business posted ($1.35) earnings per share. The firm’s quarterly revenue was up 20.0% on a year-over-year basis. Research analysts predict that AMC Entertainment will post 0.02 earnings per share for the current fiscal year.

In related news, EVP John D. Mcdonald sold 17,500 shares of the firm’s stock in a transaction on Monday, October 15th. The shares were sold at an average price of $18.70, for a total value of $327,250.00. Following the completion of the transaction, the executive vice president now owns 39,462 shares of the company’s stock, valued at $737,939.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Wanda America Investment Holdi sold 75,826,927 shares of the firm’s stock in a transaction on Friday, September 7th. The shares were 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. 0.01% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Cornerstone Wealth Management LLC bought a new position in AMC Entertainment in the second quarter valued at $352,000. Bank of Montreal Can grew its position in shares of AMC Entertainment by 141.4% in the 2nd quarter. Bank of Montreal Can now owns 9,006 shares of the company’s stock valued at $143,000 after acquiring an additional 5,275 shares during the period. Hollencrest Capital Management bought a new position in shares of AMC Entertainment in the 3rd quarter valued at about $208,000. Macquarie Group Ltd. bought a new position in shares of AMC Entertainment in the 2nd quarter valued at about $165,000. Finally, Chartwell Investment Partners LLC bought a new position in shares of AMC Entertainment in the 2nd quarter valued at about $166,000. 40.08% of the stock is owned by institutional investors and hedge funds.

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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