10,557 Shares in AMC Entertainment Holdings, Inc. (NYSE:AMC) Purchased by Creative Planning

Creative Planning acquired a new position in AMC Entertainment Holdings, Inc. (NYSE:AMC) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 10,557 shares of the company’s stock, valued at approximately $48,000.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of AMC Entertainment by 22.9% during the 1st quarter. Vanguard Group Inc. now owns 24,804,669 shares of the company’s stock valued at $92,273,000 after acquiring an additional 4,617,007 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of AMC Entertainment by 18.2% during the second quarter. Renaissance Technologies LLC now owns 10,285,826 shares of the company’s stock valued at $51,223,000 after buying an additional 1,585,430 shares during the period. Marshall Wace LLP purchased a new stake in AMC Entertainment in the second quarter worth $6,775,000. SG Americas Securities LLC grew its stake in AMC Entertainment by 1,894.0% in the second quarter. SG Americas Securities LLC now owns 1,121,025 shares of the company’s stock worth $5,583,000 after purchasing an additional 1,064,805 shares during the period. Finally, Boulder Hill Capital Management LP bought a new stake in AMC Entertainment in the first quarter worth $2,842,000. Hedge funds and other institutional investors own 28.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AMC. Macquarie reaffirmed an “underperform” rating and set a $4.00 price target on shares of AMC Entertainment in a report on Wednesday. B. Riley decreased their target price on AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. Benchmark reaffirmed a “hold” rating on shares of AMC Entertainment in a research note on Thursday, November 7th. StockNews.com upgraded AMC Entertainment to a “sell” rating in a report on Tuesday. Finally, Wedbush restated a “neutral” rating and set a $4.00 price objective on shares of AMC Entertainment in a report on Monday, August 5th. Four investment analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $5.44.

AMC Entertainment Trading Up 0.3 %

AMC opened at $4.58 on Thursday. The firm has a market cap of $1.65 billion, a price-to-earnings ratio of -2.84 and a beta of 1.83. AMC Entertainment Holdings, Inc. has a 12 month low of $2.38 and a 12 month high of $11.88. The stock has a fifty day moving average price of $4.49 and a 200-day moving average price of $4.69.

AMC Entertainment (NYSE:AMC) last released its quarterly earnings results on Wednesday, November 6th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.03. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.33 billion. The company’s revenue was down 4.1% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.09) earnings per share. On average, equities research analysts forecast that AMC Entertainment Holdings, Inc. will post -1.42 EPS for the current year.

About AMC Entertainment

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.