AMC Entertainment Holdings, Inc. (NYSE:AMC) Stock Holdings Increased by Eaton Vance Management

Eaton Vance Management grew its position in shares of AMC Entertainment Holdings, Inc. (NYSE:AMC – Get Rating) by 3.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 220,477 shares of the company’s stock after purchasing an additional 7,547 shares during the quarter. Eaton Vance Management’s holdings in AMC Entertainment were worth $1,537,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. California Public Employees Retirement System increased its position in shares of AMC Entertainment by 37.6% during the 3rd quarter. California Public Employees Retirement System now owns 1,069,054 shares of the company’s stock valued at $7,451,000 after purchasing an additional 292,113 shares during the period. New York State Common Retirement Fund increased its position in shares of AMC Entertainment by 11.0% during the 3rd quarter. New York State Common Retirement Fund now owns 543,200 shares of the company’s stock valued at $3,786,000 after purchasing an additional 53,710 shares during the period. Benedetti & Gucer Inc. acquired a new position in shares of AMC Entertainment during the 3rd quarter valued at $363,000. Tobam increased its position in shares of AMC Entertainment by 50.5% during the 3rd quarter. Tobam now owns 795,791 shares of the company’s stock valued at $5,547,000 after purchasing an additional 267,019 shares during the period. Finally, Quantamental Technologies LLC increased its position in shares of AMC Entertainment by 50.4% during the 2nd quarter. Quantamental Technologies LLC now owns 12,957 shares of the company’s stock valued at $176,000 after purchasing an additional 4,340 shares during the period. 26.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on AMC shares. B. Riley lowered their price target on AMC Entertainment from $7.50 to $4.50 and set a “neutral” rating on the stock in a research report on Tuesday, January 3rd. Roth Capital restated a “sell” rating on shares of AMC Entertainment in a report on Monday, February 13th. Finally, Citigroup decreased their target price on AMC Entertainment from $1.20 to $1.10 in a report on Friday, November 25th. Four analysts have rated the stock with a sell rating and two have given a hold rating to the company. According to data from MarketBeat, AMC Entertainment has a consensus rating of “Reduce” and a consensus price target of $3.12.

Insider Activity

In other news, CFO Sean D. Goodman sold 80,750 shares of AMC Entertainment stock in a transaction on Wednesday, January 11th. The stock was sold at an average price of $4.68, for a total transaction of $377,910.00. Following the transaction, the chief financial officer now owns 4,420 shares in the company, valued at $20,685.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Sean D. Goodman sold 80,750 shares of AMC Entertainment stock in a transaction on Wednesday, January 11th. The stock was sold at an average price of $4.68, for a total transaction of $377,910.00. Following the completion of the sale, the chief financial officer now owns 4,420 shares of the company’s stock, valued at $20,685.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Antara Capital Lp sold 17,557,400 shares of AMC Entertainment stock in a transaction on Wednesday, February 15th. The shares were sold at an average price of $2.46, for a total value of $43,191,204.00. Following the sale, the insider now directly owns 227,232,507 shares of the company’s stock, valued at approximately $558,991,967.22. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,323,761 shares of company stock worth $73,220,670. 0.30% of the stock is owned by corporate insiders.

AMC Entertainment Trading Up 7.9 %

Shares of AMC stock opened at $6.58 on Monday. AMC Entertainment Holdings, Inc. has a 1-year low of $3.77 and a 1-year high of $34.33. The company has a market capitalization of $3.40 billion, a price-to-earnings ratio of -4.80 and a beta of 1.88. The stock’s fifty day simple moving average is $5.29 and its 200-day simple moving average is $6.53.

AMC Entertainment (NYSE:AMC – Get Rating) last issued its quarterly earnings results on Tuesday, February 28th. The company reported ($0.14) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.06. The business had revenue of $990.90 million for the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the prior year, the firm posted ($0.11) EPS. The business’s quarterly revenue was down 15.4% compared to the same quarter last year. On average, sell-side analysts predict that AMC Entertainment Holdings, Inc. will post -0.41 EPS for the current year.

About AMC Entertainment

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AMC Entertainment Holdings, Inc engages in the theatrical exhibition business through its subsidiaries. It operates through the U.S. Markets and International Markets segments. The U.S. Markets segment is involved in owning, leasing, or operating theaters and screens in the U.S. The International Markets segment focuses on owning, leasing, or operating theaters and screens in the United Kingdom, Germany, Spain, Italy, Ireland, Portugal, Sweden, Finland, Norway, Denmark, and Saudi Arabia.