Fmr LLC Buys 18,464 Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC)

Fmr LLC lifted its stake in AMC Entertainment Holdings, Inc. (NYSE:AMC) by 43.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 60,877 shares of the company’s stock after purchasing an additional 18,464 shares during the period. Fmr LLC’s holdings in AMC Entertainment were worth $277,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of AMC. KBC Group NV acquired a new stake in shares of AMC Entertainment in the 3rd quarter valued at $37,000. Creative Planning acquired a new position in AMC Entertainment during the third quarter valued at approximately $48,000. Skylands Capital LLC acquired a new position in AMC Entertainment in the second quarter valued at about $50,000. Amalgamated Bank grew its position in shares of 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 purchasing an additional 2,771 shares during the period. Finally, Burns Matteson Capital Management LLC bought a new stake in AMC Entertainment in the 3rd quarter valued at $55,000. Institutional investors and hedge funds own 28.80% of the company’s stock.

AMC Entertainment Stock Performance

Shares of AMC stock opened at $4.18 on Friday. AMC Entertainment Holdings, Inc. has a 52-week low of $2.38 and a 52-week high of $11.88. The stock has a market cap of $1.57 billion, a price-to-earnings ratio of -2.60 and a beta of 1.85. The firm’s 50-day moving average is $4.47 and its 200-day moving average is $4.75.

AMC Entertainment (NYSE:AMC) last issued its earnings results on Wednesday, November 6th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.03. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the prior year, the firm posted ($0.09) earnings per share. The business’s revenue was down 4.1% compared to the same quarter last year. Sell-side analysts predict that AMC Entertainment Holdings, Inc. will post -1.41 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AMC has been the subject of a number of recent research reports. Benchmark reaffirmed 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. B. Riley decreased their target price on shares of AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. Finally, Macquarie reissued an “underperform” rating and set a $4.00 price target on shares of AMC Entertainment in a research report on Wednesday, November 13th. Four research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. According to MarketBeat, the company 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.