AMC Entertainment Holdings, Inc. (NYSE:AMC) Stake Raised by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its holdings in AMC Entertainment Holdings, Inc. (NYSE:AMC) by 153.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,705,500 shares of the company’s stock after acquiring an additional 2,243,052 shares during the period. Charles Schwab Investment Management Inc. owned about 1.03% of AMC Entertainment worth $16,860,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of AMC. KBC Group NV purchased a new stake in shares of AMC Entertainment during the 3rd quarter worth about $37,000. Skylands Capital LLC acquired a new position in shares of AMC Entertainment during the 2nd quarter valued at about $50,000. Creative Planning acquired a new stake in AMC Entertainment in the 3rd quarter valued at approximately $48,000. Amalgamated Bank grew its holdings in AMC Entertainment by 31.5% in the 3rd quarter. Amalgamated Bank now owns 11,568 shares of the company’s stock valued at $53,000 after buying an additional 2,771 shares during the last quarter. Finally, Burns Matteson Capital Management LLC acquired a new stake in AMC Entertainment in the 3rd quarter valued at approximately $55,000. 28.80% of the stock is owned by hedge funds and other institutional investors.

AMC Entertainment Price Performance

AMC Entertainment stock opened at $4.73 on Friday. The company has a market capitalization of $1.78 billion, a PE ratio of -2.94 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 business has a 50 day simple moving average of $4.48 and a 200 day simple moving average of $4.78.

AMC Entertainment (NYSE:AMC) last issued its quarterly earnings data on Wednesday, November 6th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.03. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the previous year, the firm posted ($0.09) EPS. The company’s revenue for the quarter was down 4.1% compared to the same quarter last year. Equities analysts anticipate that AMC Entertainment Holdings, Inc. will post -1.42 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on AMC shares. B. Riley decreased 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. StockNews.com raised AMC Entertainment to a “sell” rating in a report on Tuesday, November 12th. Morgan Stanley decreased their price objective on AMC Entertainment from $11.00 to $10.00 and set an “underweight” rating on the stock in a report on Monday, August 12th. Macquarie reissued an “underperform” rating and set a $4.00 price objective on shares of AMC Entertainment in a report on Wednesday, November 13th. Finally, Benchmark reissued a “hold” rating on shares of AMC Entertainment in a report on Thursday, November 7th. Four research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $5.44.

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.