AE Wealth Management LLC raised its position in AMC Entertainment Holdings, Inc. (NYSE:AMC – Get Rating) by 19.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,158 shares of the company’s stock after purchasing an additional 2,130 shares during the period. AE Wealth Management LLC’s holdings in AMC Entertainment were worth $324,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quadrant Capital Group LLC grew its holdings in shares of AMC Entertainment by 150.2% in the 4th quarter. Quadrant Capital Group LLC now owns 1,021 shares of the company’s stock valued at $28,000 after buying an additional 613 shares during the period. Nisa Investment Advisors LLC grew its stake in AMC Entertainment by 0.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 79,480 shares of the company’s stock valued at $1,276,000 after acquiring an additional 710 shares during the period. Rockbridge Investment Management LCC increased its holdings in shares of AMC Entertainment by 136.9% in the fourth quarter. Rockbridge Investment Management LCC now owns 1,367 shares of the company’s stock worth $37,000 after acquiring an additional 790 shares in the last quarter. Daiwa Securities Group Inc. raised its position in shares of AMC Entertainment by 3.2% during the fourth quarter. Daiwa Securities Group Inc. now owns 25,560 shares of the company’s stock worth $695,000 after purchasing an additional 800 shares during the period. Finally, Dupont Capital Management Corp lifted its holdings in shares of AMC Entertainment by 4.3% during the 4th quarter. Dupont Capital Management Corp now owns 20,689 shares of the company’s stock valued at $563,000 after purchasing an additional 852 shares in the last quarter. Institutional investors own 34.20% of the company’s stock.
Shares of AMC opened at $14.95 on Tuesday. AMC Entertainment Holdings, Inc. has a twelve month low of $9.70 and a twelve month high of $52.79. The stock has a market capitalization of $7.73 billion, a P/E ratio of -7.26 and a beta of 1.72. The company has a 50 day moving average of $12.91 and a 200-day moving average of $16.84.
AMC Entertainment (NYSE:AMC – Get Rating) last announced its earnings results on Monday, May 9th. The company reported ($0.52) EPS for the quarter, topping the consensus estimate of ($0.63) by $0.11. The business had revenue of $785.70 million for the quarter, compared to analyst estimates of $736.23 million. During the same quarter in the previous year, the company posted ($1.42) EPS. The business’s revenue for the quarter was up 429.8% compared to the same quarter last year. Equities research analysts forecast that AMC Entertainment Holdings, Inc. will post -1.06 EPS for the current year.
Several analysts have commented on AMC shares. B. Riley dropped their target price on shares of AMC Entertainment from $16.00 to $11.00 and set a “neutral” rating on the stock in a report on Tuesday, June 21st. StockNews.com raised shares of AMC Entertainment to a “sell” rating in a research report on Saturday. Finally, Citigroup reduced their target price on shares of AMC Entertainment from $6.00 to $5.00 and set a “sell” rating for the company in a research note on Thursday, July 7th. Four equities research analysts have rated the stock with a sell rating and one has assigned a hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $7.83.
AMC Entertainment Profile (Get Rating)
AMC Entertainment Holdings, Inc, through its subsidiaries, engages in the theatrical exhibition business. The company owns, operates, or has interests in theatres in the United States and Europe. As of March 1, 2022, it operated approximately 950 theatres and 10,600 screens. The company was founded in 1920 and is headquartered in Leawood, Kansas.
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