KBC Group NV Invests $37,000 in AMC Entertainment Holdings, Inc. (NYSE:AMC)

KBC Group NV purchased a new position in AMC Entertainment Holdings, Inc. (NYSE:AMC) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,234 shares of the company’s stock, valued at approximately $37,000.

Other institutional investors also recently added to or reduced their stakes in the company. Skylands Capital LLC bought a new position in AMC Entertainment in the 2nd quarter worth about $50,000. Creative Planning purchased a new stake in shares of AMC Entertainment in the third quarter valued at approximately $48,000. Amalgamated Bank grew its stake in AMC Entertainment by 31.5% in the third quarter. Amalgamated Bank now owns 11,568 shares of the company’s stock worth $53,000 after purchasing an additional 2,771 shares in the last quarter. Burns Matteson Capital Management LLC purchased a new position in AMC Entertainment during the 3rd quarter worth $55,000. Finally, Private Advisor Group LLC raised its position in AMC Entertainment by 27.5% during the 3rd quarter. Private Advisor Group LLC now owns 15,011 shares of the company’s stock valued at $68,000 after purchasing an additional 3,237 shares in the last quarter. Hedge funds and other institutional investors own 28.80% of the company’s stock.

AMC Entertainment Stock Up 1.3 %

Shares of AMC Entertainment stock opened at $4.55 on Friday. The company has a market cap of $1.71 billion, a P/E ratio of -2.83 and a beta of 1.83. The firm’s 50 day moving average price is $4.43 and its 200-day moving average price is $4.74. AMC Entertainment Holdings, Inc. has a 52-week low of $2.38 and a 52-week high of $11.88.

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

Analysts Set New Price Targets

A number of research firms have recently issued reports on AMC. Benchmark reissued a “hold” rating on shares of AMC Entertainment in a research report on Thursday, November 7th. StockNews.com raised shares of AMC Entertainment to a “sell” rating in a research report on Tuesday, November 12th. Macquarie reaffirmed an “underperform” rating and issued a $4.00 price target on shares of AMC Entertainment in a research report on Wednesday, November 13th. Morgan Stanley cut their price objective on shares of AMC Entertainment from $11.00 to $10.00 and set an “underweight” rating on the stock in a report on Monday, August 12th. Finally, B. Riley lowered their target price on AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. Four investment analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average 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.