Bank of New York Mellon Corp lifted its holdings in AMC Entertainment Holdings, Inc. (NYSE:AMC – Free Report) by 1.9% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 1,561,571 shares of the company’s stock after acquiring an additional 29,107 shares during the quarter. Bank of New York Mellon Corp owned 0.30% of AMC Entertainment worth $6,871,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Covestor Ltd increased its stake in shares of AMC Entertainment by 417.6% in 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 period. Quantamental Technologies LLC purchased a new position in shares of AMC Entertainment in the first quarter worth $212,000. XTX Topco Ltd purchased a new position in shares of AMC Entertainment in the first quarter worth $232,000. Peapack Gladstone Financial Corp purchased a new position in shares of AMC Entertainment in the first quarter worth $54,000. Finally, Lido Advisors LLC increased its stake in shares of AMC Entertainment by 154.1% in the first quarter. Lido Advisors LLC now owns 10,810 shares of the company’s stock worth $54,000 after buying an additional 30,810 shares during the period. 28.79% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
AMC has been the topic of several analyst reports. Wedbush raised shares of AMC Entertainment from an “underperform” rating to a “neutral” rating and set a $19.00 target price on the stock in a research note on Thursday, August 24th. StockNews.com initiated coverage on shares of AMC Entertainment in a research report on Thursday, October 5th. They set a “sell” rating on the stock. B. Riley reduced their price objective on shares of AMC Entertainment from $45.00 to $15.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 3rd. Roth Mkm boosted their price objective on shares of AMC Entertainment to $5.00 and gave the company a “sell” rating in a research report on Tuesday, October 17th. Finally, Credit Suisse Group reduced their price objective on shares of AMC Entertainment from $8.38 to $8.00 and set an “underperform” rating on the stock in a research report on Friday, September 1st. Five analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, AMC Entertainment has a consensus rating of “Reduce” and an average price target of $10.35.
AMC Entertainment Trading Up 0.5 %
Shares of AMC stock opened at $7.43 on Monday. AMC Entertainment Holdings, Inc. has a 12 month low of $7.05 and a 12 month high of $91.50. The stock has a market cap of $1.47 billion, a PE ratio of -1.80 and a beta of 1.95. The company’s fifty day moving average price is $8.85 and its 200-day moving average price is $29.21.
AMC Entertainment (NYSE:AMC – Get Free Report) last announced its earnings results on Wednesday, November 8th. The company reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.11. The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter last year, the firm posted ($2.00) EPS. The business’s quarterly revenue was up 45.2% on a year-over-year basis. On average, sell-side analysts forecast that AMC Entertainment Holdings, Inc. will post -2.13 earnings per share for the current fiscal year.
AMC Entertainment Profile
AMC Entertainment Holdings, Inc, through its subsidiaries, engages in the theatrical exhibition business. The company owns, operates, or has interests in theatres in the United States and Europe. AMC Entertainment Holdings, Inc was founded in 1920 and is headquartered in Leawood, Kansas.
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