Royal Bank of Canada cut shares of AMC Entertainment (NYSE:AMC) from an outperform rating to a sector perform rating in a research note issued to investors on Wednesday, MarketBeat.com reports.

AMC has been the subject of a number of other research reports. Wedbush set a $19.00 target price on shares of AMC Entertainment and gave the stock a buy rating in a research note on Monday, January 8th. Zacks Investment Research cut shares of AMC Entertainment from a buy rating to a hold rating in a research note on Thursday, October 19th. B. Riley set a $31.00 price objective on shares of AMC Entertainment and gave the stock a buy rating in a research note on Wednesday, October 18th. Finally, Credit Suisse Group dropped their price objective on shares of AMC Entertainment from $14.00 to $12.00 and set an underperform rating for the company in a research note on Thursday, September 28th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $24.15.

AMC Entertainment (NYSE:AMC) traded up $0.35 during midday trading on Wednesday, hitting $14.45. 4,660,000 shares of the stock were exchanged, compared to its average volume of 2,720,000. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 2.01. The firm has a market cap of $1,860.00, a PE ratio of -11.03 and a beta of 1.37. AMC Entertainment has a one year low of $10.80 and a one year high of $34.90.

AMC Entertainment (NYSE:AMC) last posted its earnings results on Monday, November 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.04). The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.16 billion. AMC Entertainment had a negative return on equity of 6.20% and a negative net margin of 3.87%. The business’s quarterly revenue was up 51.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.31 EPS. equities analysts anticipate that AMC Entertainment will post -1.3 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 18th. Shareholders of record on Monday, December 4th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 5.54%. The ex-dividend date of this dividend was Friday, December 1st. AMC Entertainment’s dividend payout ratio (DPR) is -61.07%.

A number of institutional investors have recently modified their holdings of AMC. Schwab Charles Investment Management Inc. raised its stake in AMC Entertainment by 14.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 260,401 shares of the company’s stock worth $5,925,000 after purchasing an additional 33,000 shares in the last quarter. Rhumbline Advisers increased its holdings in AMC Entertainment by 27.7% in the 2nd quarter. Rhumbline Advisers now owns 68,180 shares of the company’s stock valued at $1,551,000 after buying an additional 14,780 shares during the period. Bank of New York Mellon Corp increased its holdings in AMC Entertainment by 1.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 445,078 shares of the company’s stock valued at $10,126,000 after buying an additional 4,485 shares during the period. Legal & General Group Plc increased its holdings in AMC Entertainment by 2.6% in the 2nd quarter. Legal & General Group Plc now owns 13,118 shares of the company’s stock valued at $301,000 after buying an additional 337 shares during the period. Finally, BNP Paribas Arbitrage SA increased its holdings in AMC Entertainment by 574.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,109 shares of the company’s stock valued at $162,000 after buying an additional 6,055 shares during the period. Institutional investors and hedge funds own 48.60% of the company’s stock.

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About AMC Entertainment

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. It operates through theatrical exhibition operations segment. It licenses first-run motion pictures from distributors owned by film production companies and from independent distributors.

Analyst Recommendations for AMC Entertainment (NYSE:AMC)

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