AMC Entertainment Holdings, Inc. (NYSE:AMC) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. raised its stake in AMC Entertainment Holdings, Inc. (NYSE:AMC) by 10.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,050 shares of the company’s stock after purchasing an additional 3,553 shares during the quarter. Victory Capital Management Inc.’s holdings in AMC Entertainment were worth $189,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Mayflower Financial Advisors LLC purchased a new stake in shares of AMC Entertainment during the first quarter worth about $37,000. Skylands Capital LLC acquired a new position in shares of AMC Entertainment during the second quarter worth approximately $50,000. Powell Investment Advisors LLC acquired a new position in shares of AMC Entertainment during the first quarter worth approximately $55,000. Principal Financial Group Inc. lifted its position in AMC Entertainment by 50.6% in the first quarter. Principal Financial Group Inc. now owns 20,091 shares of the company’s stock worth $75,000 after purchasing an additional 6,748 shares during the period. Finally, Waldron Private Wealth LLC lifted its position in AMC Entertainment by 47.0% in the second quarter. Waldron Private Wealth LLC now owns 17,071 shares of the company’s stock worth $85,000 after purchasing an additional 5,459 shares during the period. 28.80% of the stock is owned by hedge funds and other institutional investors.

AMC Entertainment Stock Down 2.6 %

Shares of AMC opened at $4.54 on Wednesday. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of -3.57 and a beta of 1.81. AMC Entertainment Holdings, Inc. has a 12 month low of $2.38 and a 12 month high of $11.88. The company has a 50-day moving average price of $4.96 and a two-hundred day moving average price of $4.48.

AMC Entertainment (NYSE:AMC) last posted its earnings results on Friday, August 2nd. The company reported ($0.43) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.43). The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. The company’s quarterly revenue was down 23.1% compared to the same quarter last year. Equities research analysts expect that AMC Entertainment Holdings, Inc. will post -1.36 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on AMC. Benchmark reiterated a “hold” rating on shares of AMC Entertainment in a research report on Monday, August 5th. Morgan Stanley cut their price objective on AMC Entertainment from $11.00 to $10.00 and set an “underweight” rating for the company in a report on Monday, August 12th. Macquarie increased their target price on shares of AMC Entertainment from $3.50 to $4.00 and gave the stock an “underperform” rating in a research report on Tuesday, July 9th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $4.00 price target on shares of AMC Entertainment in a research report on Monday, August 5th. Five research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $5.70.

AMC Entertainment Company Profile

AMC Entertainment Holdings, Inc, through its subsidiaries, engages in the theatrical exhibition business. It owns, operates, or has interests in theatres in the United States and Europe. The company was founded in 1920 and is headquartered in Leawood, Kansas.