AMC Entertainment Holdings, Inc. (NYSE:AMC) Shares Purchased by Private Advisor Group LLC

Private Advisor Group LLC raised its holdings in shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) by 27.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,011 shares of the company’s stock after buying an additional 3,237 shares during the period. Private Advisor Group LLC’s holdings in AMC Entertainment were worth $68,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Skylands Capital LLC acquired a new position in shares of AMC Entertainment during the 2nd quarter valued at $50,000. Creative Planning acquired a new position in shares of AMC Entertainment during the third quarter worth about $48,000. Burns Matteson Capital Management LLC purchased a new stake in shares of AMC Entertainment in the third quarter worth about $55,000. Quarry LP grew its stake in shares of AMC Entertainment by 9,601.2% in the second quarter. Quarry LP now owns 15,619 shares of the company’s stock valued at $78,000 after buying an additional 15,458 shares in the last quarter. Finally, Waldron Private Wealth LLC raised its holdings in shares of AMC Entertainment by 47.0% during the 2nd quarter. Waldron Private Wealth LLC now owns 17,071 shares of the company’s stock valued at $85,000 after buying an additional 5,459 shares during the period. 28.80% of the stock is currently owned by hedge funds and other institutional investors.

AMC Entertainment Stock Down 0.7 %

AMC opened at $4.27 on Friday. AMC Entertainment Holdings, Inc. has a 12-month low of $2.38 and a 12-month high of $11.88. The firm’s fifty day moving average price is $4.50 and its 200 day moving average price is $4.66.

AMC Entertainment (NYSE:AMC) last issued its earnings results on Wednesday, November 6th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.03. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.33 billion. The business’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same quarter last year, the company posted ($0.09) EPS. As a group, research analysts predict that AMC Entertainment Holdings, Inc. will post -1.36 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. B. Riley decreased their price target on AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating for the company in a report on Thursday. Benchmark reaffirmed a “hold” rating on shares of AMC Entertainment in a report on Thursday. Wedbush reiterated a “neutral” rating and issued a $4.00 price objective on shares of AMC Entertainment in a report on Monday, August 5th. Finally, Morgan Stanley lowered their target price on AMC Entertainment from $11.00 to $10.00 and set an “underweight” rating for the company in a research note on Monday, August 12th. Three equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $5.44.

AMC Entertainment 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.