Aviva PLC Reduces Position in AMC Entertainment Holdings, Inc. (NYSE:AMC)

Aviva PLC reduced its holdings in AMC Entertainment Holdings, Inc. (NYSE:AMC – Get Rating) by 91.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,962 shares of the company’s stock after selling 724,622 shares during the period. Aviva PLC’s holdings in AMC Entertainment were worth $289,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Exchange Traded Concepts LLC lifted its stake in AMC Entertainment by 41.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 6,179 shares of the company’s stock worth $25,000 after purchasing an additional 1,804 shares in the last quarter. Covestor Ltd boosted its stake in AMC Entertainment by 417.6% during the first quarter. Covestor Ltd now owns 1,061 shares of the company’s stock worth $26,000 after buying an additional 856 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in AMC Entertainment in the 4th quarter valued at $34,000. Mercer Global Advisors Inc. ADV acquired a new stake in shares of AMC Entertainment in the 4th quarter worth $46,000. Finally, Raymond James & Associates purchased a new position in shares of AMC Entertainment during the 4th quarter worth $71,000. 26.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on AMC. Citigroup began coverage on shares of AMC Entertainment in a report on Thursday, March 23rd. They issued a “sell” rating and a $1.60 price objective for the company. StockNews.com upgraded shares of AMC Entertainment to a “sell” rating in a report on Friday, May 12th. Finally, Roth Capital reiterated a “sell” rating on shares of AMC Entertainment in a report on Monday, February 13th. Four equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. According to data from MarketBeat.com, AMC Entertainment has an average rating of “Reduce” and a consensus target price of $3.22.

AMC Entertainment Stock Performance

AMC Entertainment stock opened at $5.03 on Monday. The company’s 50 day simple moving average is $5.04 and its 200-day simple moving average is $5.53. AMC Entertainment Holdings, Inc. has a 1 year low of $3.77 and a 1 year high of $27.50. The company has a market capitalization of $2.61 billion, a price-to-earnings ratio of -5.65 and a beta of 1.80.

AMC Entertainment (NYSE:AMC – Get Rating) last announced its earnings results on Friday, May 5th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.04. The firm had revenue of $954.40 million during the quarter, compared to analysts’ expectations of $931.67 million. During the same period in the previous year, the firm earned ($0.52) EPS. The firm’s revenue for the quarter was up 21.5% compared to the same quarter last year. Equities analysts expect that AMC Entertainment Holdings, Inc. will post -0.37 earnings per share for the current year.

Insider Buying and Selling

In other news, major shareholder Antara Capital Lp bought 380,900 shares of the company’s stock in a transaction on Friday, March 3rd. The stock was bought at an average cost of $6.48 per share, with a total value of $2,468,232.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. In the last 90 days, insiders have sold 64,238,599 shares of company stock valued at $101,534,792. Corporate insiders own 0.30% of the company’s stock.

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.