AMC Entertainment Holdings, Inc. (NYSE:AMC) Shares Bought by Private Advisor Group LLC

Private Advisor Group LLC increased its holdings in AMC Entertainment Holdings, Inc. (NYSE:AMC) by 27.5% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 15,011 shares of the company’s stock after buying an additional 3,237 shares during the period. Private Advisor Group LLC’s holdings in AMC Entertainment were worth $68,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. SG Americas Securities LLC increased its position in AMC Entertainment by 1,894.0% in the second quarter. SG Americas Securities LLC now owns 1,121,025 shares of the company’s stock worth $5,583,000 after buying an additional 1,064,805 shares during the period. Scientech Research LLC acquired a new stake in shares of AMC Entertainment in the 2nd quarter worth about $1,167,000. Bank of New York Mellon Corp increased its holdings in shares of AMC Entertainment by 92.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,086,600 shares of the company’s stock worth $5,411,000 after acquiring an additional 522,063 shares during the period. Price T Rowe Associates Inc. MD lifted its position in AMC Entertainment by 24.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 65,620 shares of the company’s stock valued at $245,000 after purchasing an additional 12,975 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new position in AMC Entertainment during the 1st quarter valued at about $1,270,000. Institutional investors own 28.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on AMC shares. Wedbush restated a “neutral” rating and issued a $4.00 price target on shares of AMC Entertainment in a research note on Monday, August 5th. B. Riley lowered their target price on AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating on the stock in a research report on Thursday. Benchmark reiterated a “hold” rating on shares of AMC Entertainment in a research report on Thursday. Finally, Morgan Stanley lowered their price target on AMC Entertainment from $11.00 to $10.00 and set an “underweight” rating on the stock in a report on Monday, August 12th. Three investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. According to MarketBeat.com, AMC Entertainment currently has a consensus rating of “Hold” and an average target price of $5.44.

AMC Entertainment Stock Performance

AMC opened at $4.27 on Friday. AMC Entertainment Holdings, Inc. has a 1-year low of $2.38 and a 1-year high of $11.88. The business has a 50 day moving average price of $4.50 and a two-hundred day moving average price of $4.66.

AMC Entertainment (NYSE:AMC) last announced its earnings results on Wednesday, November 6th. The company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.03. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.33 billion. The company’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.09) EPS. Sell-side analysts anticipate that AMC Entertainment Holdings, Inc. will post -1.36 EPS for the current year.

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.