AMC Entertainment Holdings, Inc. (NYSE:AMC) Shares Purchased by Janus Henderson Group PLC

Janus Henderson Group PLC raised its position in AMC Entertainment Holdings, Inc. (NYSE:AMC) by 39.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 128,574 shares of the company’s stock after purchasing an additional 36,231 shares during the quarter. Janus Henderson Group PLC’s holdings in AMC Entertainment were worth $586,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. KBC Group NV purchased a new stake in shares of AMC Entertainment in the 3rd quarter valued at $37,000. Creative Planning purchased a new stake in AMC Entertainment during the 3rd quarter worth approximately $48,000. Skylands Capital LLC purchased a new stake in shares of AMC Entertainment during the second quarter worth $50,000. Amalgamated Bank raised its position in 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 in the last quarter. Finally, Burns Matteson Capital Management LLC acquired a new stake in AMC Entertainment in the 3rd quarter valued at about $55,000. 28.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AMC has been the topic of a number of recent research reports. Macquarie restated an “underperform” rating and set a $4.00 target price on shares of AMC Entertainment in a research note on Wednesday, November 13th. StockNews.com upgraded shares of AMC Entertainment to a “sell” rating in a report on Tuesday, November 12th. B. Riley decreased their price objective 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, Benchmark reissued a “hold” rating on shares of AMC Entertainment in a report on Thursday, November 7th. Four research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $5.44.

AMC Entertainment Price Performance

NYSE AMC opened at $4.18 on Friday. AMC Entertainment Holdings, Inc. has a 12 month low of $2.38 and a 12 month high of $11.88. The company has a market capitalization of $1.57 billion, a price-to-earnings ratio of -2.60 and a beta of 1.85. The firm’s fifty day moving average price is $4.47 and its 200 day moving average price is $4.76.

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

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.