Private Advisor Group LLC Has $45,000 Stake in AMC Entertainment Holdings, Inc. (NYSE:AMC)

Private Advisor Group LLC trimmed its position in shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) by 24.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,276 shares of the company’s stock after selling 3,735 shares during the quarter. Private Advisor Group LLC’s holdings in AMC Entertainment were worth $45,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in AMC. Amalgamated Bank grew its holdings in shares of AMC Entertainment by 31.5% during the 3rd quarter. Amalgamated Bank now owns 11,568 shares of the company’s stock worth $53,000 after purchasing an additional 2,771 shares in the last quarter. Victory Capital Management Inc. boosted its stake in AMC Entertainment by 20.1% in the third quarter. Victory Capital Management Inc. now owns 45,711 shares of the company’s stock worth $208,000 after purchasing an additional 7,661 shares in the last quarter. KBC Group NV bought a new stake in shares of AMC Entertainment during the third quarter worth $37,000. Creative Planning bought a new stake in AMC Entertainment in the third quarter valued at about $48,000. Finally, New York State Common Retirement Fund increased its holdings in AMC Entertainment by 15.1% in the fourth quarter. New York State Common Retirement Fund now owns 92,418 shares of the company’s stock valued at $368,000 after purchasing an additional 12,100 shares during the last quarter. 28.80% of the stock is currently owned by institutional investors and hedge funds.

AMC Entertainment Trading Up 1.8 %

Shares of NYSE AMC opened at $3.07 on Friday. The stock has a fifty day simple moving average of $3.45 and a two-hundred day simple moving average of $4.16. AMC Entertainment Holdings, Inc. has a 1-year low of $2.38 and a 1-year high of $11.88. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of -1.90 and a beta of 1.88.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on AMC shares. Citigroup reduced their price objective on AMC Entertainment from $2.90 to $2.80 and set a “sell” rating for the company in a research report on Friday. Macquarie reiterated a “neutral” rating and set a $4.00 target price on shares of AMC Entertainment in a research note on Wednesday, February 26th. Roth Mkm upgraded AMC Entertainment from a “sell” rating to a “neutral” rating and lowered their target price for the stock from $4.00 to $3.25 in a research note on Tuesday, February 4th. Roth Capital set a $3.25 price objective on AMC Entertainment in a research note on Tuesday, February 4th. Finally, Benchmark reaffirmed a “hold” rating on shares of AMC Entertainment in a report on Monday, March 3rd. Three equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $4.76.

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.