Oak Thistle LLC Acquires New Shares in AMC Entertainment Holdings, Inc. (NYSE:AMC)

Oak Thistle LLC acquired a new stake in shares of AMC Entertainment Holdings, Inc. (NYSE:AMCFree Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 75,063 shares of the company’s stock, valued at approximately $459,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AMC. Covestor Ltd boosted its position in AMC Entertainment by 417.6% during the 1st quarter. Covestor Ltd now owns 1,061 shares of the company’s stock valued at $26,000 after purchasing an additional 856 shares during the period. FNY Investment Advisers LLC boosted its position in AMC Entertainment by 1,160.9% during the 3rd quarter. FNY Investment Advisers LLC now owns 5,400 shares of the company’s stock worth $43,000 after acquiring an additional 5,909 shares during the period. PNC Financial Services Group Inc. boosted its position in AMC Entertainment by 44.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 11,240 shares of the company’s stock worth $46,000 after acquiring an additional 3,448 shares during the period. Peapack Gladstone Financial Corp acquired a new position in AMC Entertainment during the 1st quarter worth $54,000. Finally, Lido Advisors LLC boosted its position in AMC Entertainment by 154.1% during the 1st quarter. Lido Advisors LLC now owns 10,810 shares of the company’s stock worth $54,000 after acquiring an additional 30,810 shares during the period. Institutional investors and hedge funds own 28.80% of the company’s stock.

AMC Entertainment Stock Performance

AMC opened at $3.01 on Thursday. AMC Entertainment Holdings, Inc. has a one year low of $2.93 and a one year high of $62.30. The stock’s fifty day moving average is $4.25 and its 200-day moving average is $6.32. The company has a market capitalization of $791.16 million, a PE ratio of -1.28 and a beta of 1.62.

AMC Entertainment (NYSE:AMCGet Free Report) last posted its quarterly earnings data on Wednesday, February 28th. The company reported ($0.54) EPS for the quarter, topping analysts’ consensus estimates of ($0.70) by $0.16. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.06 billion. On average, equities research analysts forecast that AMC Entertainment Holdings, Inc. will post -1.7 EPS for the current fiscal year.

Analyst Ratings Changes

AMC has been the subject of a number of analyst reports. Wedbush reiterated a “neutral” rating and set a $6.00 price target on shares of AMC Entertainment in a research report on Friday, February 23rd. B. Riley reduced their price target on AMC Entertainment from $12.00 to $8.00 and set a “neutral” rating for the company in a research report on Thursday, February 29th. Four 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, AMC Entertainment currently has an average rating of “Reduce” and a consensus target price of $6.35.

Read Our Latest Research Report on AMC

About AMC Entertainment

(Free Report)

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.

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Institutional Ownership by Quarter for AMC Entertainment (NYSE:AMC)

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