Victory Capital Management Inc. Buys 7,661 Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC)

Victory Capital Management Inc. grew its stake in AMC Entertainment Holdings, Inc. (NYSE:AMC) by 20.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,711 shares of the company’s stock after acquiring an additional 7,661 shares during the period. Victory Capital Management Inc.’s holdings in AMC Entertainment were worth $208,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in AMC Entertainment by 22.9% in the 1st quarter. Vanguard Group Inc. now owns 24,804,669 shares of the company’s stock worth $92,273,000 after acquiring an additional 4,617,007 shares in the last quarter. Renaissance Technologies LLC boosted 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 purchasing an additional 1,585,430 shares in the last quarter. Marshall Wace LLP bought a new position in shares of AMC Entertainment during the second quarter valued at approximately $6,775,000. SG Americas Securities LLC boosted its stake in shares of AMC Entertainment by 1,894.0% during the second quarter. SG Americas Securities LLC now owns 1,121,025 shares of the company’s stock valued at $5,583,000 after purchasing an additional 1,064,805 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of AMC Entertainment by 92.5% during the second quarter. Bank of New York Mellon Corp now owns 1,086,600 shares of the company’s stock valued at $5,411,000 after purchasing an additional 522,063 shares in the last quarter. 28.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

AMC Entertainment Stock Down 0.4 %

NYSE:AMC opened at $4.95 on Friday. The firm has a 50 day moving average of $4.44 and a 200 day moving average of $4.78. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of -3.07 and a beta of 1.83. 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 quarterly earnings results on Wednesday, November 6th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.03. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.33 billion. The company’s quarterly revenue was down 4.1% on a year-over-year basis. During the same period in the prior year, the business posted ($0.09) EPS. As a group, analysts expect that AMC Entertainment Holdings, Inc. will post -1.42 EPS for the current year.

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.