AMC Entertainment Holdings, Inc. (NYSE:AMC) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. cut its holdings in AMC Entertainment Holdings, Inc. (NYSE:AMC) by 13.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,615 shares of the company’s stock after selling 3,661 shares during the period. Principal Financial Group Inc.’s holdings in AMC Entertainment were worth $107,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Creative Planning acquired a new position in AMC Entertainment in the third quarter valued at $48,000. Skylands Capital LLC purchased a new stake in AMC Entertainment during the 2nd quarter valued at approximately $50,000. Amalgamated Bank lifted its position in AMC Entertainment by 31.5% during the 3rd quarter. Amalgamated Bank now owns 11,568 shares of the company’s stock worth $53,000 after acquiring an additional 2,771 shares during the period. Burns Matteson Capital Management LLC purchased a new position in shares of AMC Entertainment in the 3rd quarter valued at approximately $55,000. Finally, Private Advisor Group LLC raised its stake in shares of AMC Entertainment by 27.5% during the third quarter. Private Advisor Group LLC now owns 15,011 shares of the company’s stock worth $68,000 after purchasing an additional 3,237 shares during the last quarter. 28.80% of the stock is owned by hedge funds and other institutional investors.

AMC Entertainment Trading Down 1.3 %

Shares of AMC stock opened at $4.80 on Wednesday. The company has a market cap of $1.80 billion, a PE ratio of -3.02 and a beta of 1.83. The company’s fifty day simple moving average is $4.43 and its 200-day simple moving average is $4.78. 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 posted its earnings results on Wednesday, November 6th. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.03. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same period in the previous year, the firm posted ($0.09) earnings per share. The company’s revenue for the quarter was down 4.1% on a year-over-year basis. Equities research analysts expect that AMC Entertainment Holdings, Inc. will post -1.42 EPS for the current fiscal year.

Analyst Ratings Changes

AMC has been the topic of several recent research reports. Morgan Stanley dropped their price objective on shares of AMC Entertainment from $11.00 to $10.00 and set an “underweight” rating on the stock in a research note on Monday, August 12th. StockNews.com raised shares of AMC Entertainment to a “sell” rating in a report on Tuesday, November 12th. Benchmark reaffirmed a “hold” rating on shares of AMC Entertainment in a report on Thursday, November 7th. Macquarie reissued an “underperform” rating and issued a $4.00 price target on shares of AMC Entertainment in a report on Wednesday, November 13th. Finally, B. Riley dropped their price objective on AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Four equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $5.44.

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.