Commonwealth Equity Services LLC Boosts Position in AMC Entertainment Holdings, Inc. (NYSE:AMC)

Commonwealth Equity Services LLC lifted its position in AMC Entertainment Holdings, Inc. (NYSE:AMC – Get Rating) by 6.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 288,988 shares of the company’s stock after purchasing an additional 17,483 shares during the quarter. Commonwealth Equity Services LLC owned about 0.06% of AMC Entertainment worth $2,014,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AMC. Allstate Corp increased its position in shares of AMC Entertainment by 13.1% during the 3rd quarter. Allstate Corp now owns 37,174 shares of the company’s stock worth $259,000 after purchasing an additional 4,306 shares during the last quarter. Eaton Vance Management lifted its stake in AMC Entertainment by 3.5% during the third quarter. Eaton Vance Management now owns 220,477 shares of the company’s stock worth $1,537,000 after purchasing an additional 7,547 shares in the last quarter. Tudor Investment Corp Et Al grew its stake in shares of AMC Entertainment by 72.4% in the third quarter. Tudor Investment Corp Et Al now owns 49,890 shares of the company’s stock valued at $348,000 after buying an additional 20,944 shares in the last quarter. Guggenheim Capital LLC lifted its stake in AMC Entertainment by 16.1% during the 3rd quarter. Guggenheim Capital LLC now owns 15,422 shares of the company’s stock worth $107,000 after acquiring an additional 2,134 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its stake in AMC Entertainment by 53.7% during the third quarter. Nuveen Asset Management LLC now owns 1,991,622 shares of the company’s stock worth $13,882,000 after purchasing an additional 695,636 shares during the period. 26.14% of the stock is currently owned by institutional investors and hedge funds.

AMC Entertainment Price Performance

NYSE:AMC opened at $5.46 on Tuesday. The firm has a market cap of $2.82 billion, a price-to-earnings ratio of -3.99 and a beta of 1.88. The firm’s fifty day moving average price is $5.49 and its 200 day moving average price is $6.43. AMC Entertainment Holdings, Inc. has a 1-year low of $3.77 and a 1-year high of $34.33.

AMC Entertainment (NYSE:AMC – Get Rating) last announced its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $1.03 billion. AMC Entertainment’s revenue for the quarter was down 15.4% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.11) EPS. As a group, analysts expect that AMC Entertainment Holdings, Inc. will post -0.41 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other AMC Entertainment news, major shareholder Antara Capital Lp sold 3,638,989 shares of the business’s stock in a transaction on Friday, February 10th. The shares were sold at an average price of $4.79, for a total transaction of $17,430,757.31. Following the sale, the insider now directly owns 1,361,011 shares in the company, valued at approximately $6,519,242.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other AMC Entertainment news, CFO Sean D. Goodman sold 80,750 shares of the business’s 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 sale, the chief financial officer now directly owns 4,420 shares in the company, valued at $20,685.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Antara Capital Lp sold 3,638,989 shares of the firm’s stock in a transaction on Friday, February 10th. The shares were sold at an average price of $4.79, for a total value of $17,430,757.31. Following the completion of the transaction, the insider now owns 1,361,011 shares of the company’s stock, valued at approximately $6,519,242.69. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,323,761 shares of company stock worth $73,220,670. 0.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Citigroup cut their price objective on AMC Entertainment from $1.20 to $1.10 in a research report on Friday, November 25th. Roth Capital reaffirmed a “sell” rating on shares of AMC Entertainment in a research report on Monday, February 13th. Finally, B. Riley lowered their target price on shares of AMC Entertainment from $7.50 to $4.50 and set a “neutral” rating on the stock in a research report on Tuesday, January 3rd. Four equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $3.12.

AMC Entertainment Profile

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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.