UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 35,762 Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its holdings in shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) by 8.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 371,592 shares of the company’s stock after selling 35,762 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.10% of AMC Entertainment worth $1,691,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank grew its position in AMC Entertainment by 32.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 61,360 shares of the company’s stock valued at $279,000 after acquiring an additional 15,132 shares during the last quarter. FORA Capital LLC bought a new stake in shares of AMC Entertainment during the 3rd quarter valued at approximately $182,000. MetLife Investment Management LLC grew its holdings in shares of AMC Entertainment by 174.6% during the 3rd quarter. MetLife Investment Management LLC now owns 192,826 shares of the company’s stock valued at $877,000 after purchasing an additional 122,609 shares during the last quarter. FMR LLC lifted its stake in AMC Entertainment by 43.5% in the 3rd quarter. FMR LLC now owns 60,877 shares of the company’s stock valued at $277,000 after purchasing an additional 18,464 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in AMC Entertainment by 16.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 176,232 shares of the company’s stock valued at $802,000 after purchasing an additional 25,489 shares during the last quarter. Institutional investors and hedge funds own 28.80% of the company’s stock.

AMC Entertainment Price Performance

AMC Entertainment stock opened at $4.06 on Tuesday. The firm has a market cap of $1.52 billion, a P/E ratio of -2.52 and a beta of 1.85. The stock’s 50 day moving average is $4.47 and its 200 day moving average is $4.77. AMC Entertainment Holdings, Inc. has a one year low of $2.38 and a one year high of $11.88.

AMC Entertainment (NYSE:AMC) last posted its quarterly earnings data on Wednesday, November 6th. The company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.03. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the prior year, the company posted ($0.09) earnings per share. 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 -1.41 earnings per share for the current fiscal year.

Analyst Ratings Changes

AMC has been the subject of several research analyst reports. Macquarie reiterated an “underperform” rating and set a $4.00 price target on shares of AMC Entertainment in a report on Wednesday, November 13th. Benchmark reaffirmed a “hold” rating on shares of AMC Entertainment in a report on Thursday, November 7th. B. Riley cut their price target on AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. Finally, StockNews.com raised AMC Entertainment to a “sell” rating in a research note on Tuesday, November 12th. Four 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, AMC Entertainment has a consensus 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.