SG Americas Securities LLC Sells 285,892 Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC)

SG Americas Securities LLC lowered its stake in shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) by 66.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 144,196 shares of the company’s stock after selling 285,892 shares during the quarter. SG Americas Securities LLC’s holdings in AMC Entertainment were worth $574,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of AMC. Hsbc Holdings PLC boosted its stake in AMC Entertainment by 76.6% in the 2nd quarter. Hsbc Holdings PLC now owns 33,042 shares of the company’s stock worth $164,000 after purchasing an additional 14,334 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of AMC Entertainment by 246.9% during the second quarter. The Manufacturers Life Insurance Company now owns 150,743 shares of the company’s stock worth $751,000 after buying an additional 107,289 shares during the period. Algert Global LLC purchased a new stake in shares of AMC Entertainment during the second quarter valued at $132,000. Prosperity Planning Inc. purchased a new stake in shares of AMC Entertainment during the third quarter valued at $195,000. Finally, Burns Matteson Capital Management LLC acquired a new position in shares of AMC Entertainment in the 3rd quarter valued at $55,000. 28.80% of the stock is currently owned by institutional investors.

AMC Entertainment Stock Performance

AMC stock opened at $3.12 on Friday. AMC Entertainment Holdings, Inc. has a one year low of $2.38 and a one year high of $11.88. The firm’s fifty day moving average is $4.05 and its 200 day moving average is $4.47. The firm has a market cap of $1.17 billion, a PE ratio of -1.93 and a beta of 1.92.

AMC Entertainment (NYSE:AMC) last posted its earnings results on Wednesday, November 6th. The company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.03. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same quarter last year, the business earned ($0.09) earnings per share. AMC Entertainment’s revenue was down 4.1% on a year-over-year basis. Research analysts predict that AMC Entertainment Holdings, Inc. will post -1.41 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on AMC. Macquarie reiterated an “underperform” rating and set a $4.00 price target on shares of AMC Entertainment in a research note on Wednesday, November 13th. 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. Benchmark reaffirmed a “hold” rating on shares of AMC Entertainment in a research report on Thursday, November 7th. Finally, StockNews.com raised AMC Entertainment to a “sell” rating in a report on Tuesday, November 12th. Four research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target 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.