Intech Investment Management LLC Makes New $299,000 Investment in AMC Entertainment Holdings, Inc. (NYSE:AMC)

Intech Investment Management LLC bought a new position in AMC Entertainment Holdings, Inc. (NYSE:AMC) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 65,656 shares of the company’s stock, valued at approximately $299,000.

Other large investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC grew its position 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 acquiring an additional 1,064,805 shares in the last quarter. Scientech Research LLC bought a new stake in AMC Entertainment in the second quarter worth approximately $1,167,000. Bank of New York Mellon Corp grew its position in AMC Entertainment by 92.5% in the second quarter. Bank of New York Mellon Corp now owns 1,086,600 shares of the company’s stock worth $5,411,000 after acquiring an additional 522,063 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in AMC Entertainment by 24.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 65,620 shares of the company’s stock worth $245,000 after acquiring an additional 12,975 shares in the last quarter. Finally, Rhumbline Advisers boosted its holdings in shares of AMC Entertainment by 150.3% during the 2nd quarter. Rhumbline Advisers now owns 437,501 shares of the company’s stock worth $2,179,000 after buying an additional 262,701 shares during the period. 28.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

AMC has been the subject of several recent analyst reports. B. Riley decreased their price objective on shares of AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. Benchmark reaffirmed a “hold” rating on shares of AMC Entertainment in a report on Thursday, November 7th. Macquarie reaffirmed an “underperform” rating and set a $4.00 price objective on shares of AMC Entertainment in a report on Wednesday, November 13th. Morgan Stanley decreased their price objective on shares of AMC Entertainment from $11.00 to $10.00 and set an “underweight” rating for the company in a report on Monday, August 12th. Finally, StockNews.com raised shares of AMC Entertainment to a “sell” rating in a report on Tuesday, November 12th. Four investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $5.44.

AMC Entertainment Price Performance

NYSE:AMC opened at $4.90 on Thursday. The stock has a market cap of $1.84 billion, a P/E ratio of -3.04 and a beta of 1.85. AMC Entertainment Holdings, Inc. has a one year low of $2.38 and a one year high of $11.88. The company has a fifty day moving average price of $4.46 and a 200 day moving average price of $4.78.

AMC Entertainment (NYSE:AMC) last released its earnings results on Wednesday, November 6th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.03. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.33 billion. AMC Entertainment’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.09) earnings per share. As a group, equities research analysts anticipate 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.