AMC Entertainment Holdings, Inc. (NYSE:AMC) Shares Bought by Amalgamated Bank

Amalgamated Bank lifted its position in shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) by 31.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,568 shares of the company’s stock after buying an additional 2,771 shares during the period. Amalgamated Bank’s holdings in AMC Entertainment were worth $53,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in AMC. Private Advisor Group LLC boosted its position in AMC Entertainment by 27.5% in the 3rd quarter. Private Advisor Group LLC now owns 15,011 shares of the company’s stock valued at $68,000 after buying an additional 3,237 shares during the last quarter. Waldron Private Wealth LLC boosted its holdings in AMC Entertainment by 47.5% in the third quarter. Waldron Private Wealth LLC now owns 25,173 shares of the company’s stock valued at $115,000 after purchasing an additional 8,102 shares during the last quarter. Creative Planning acquired a new stake in AMC Entertainment during the 3rd quarter valued at approximately $48,000. Burns Matteson Capital Management LLC purchased a new stake in AMC Entertainment during the 3rd quarter worth approximately $55,000. Finally, Prosperity Planning Inc. acquired a new position in shares of AMC Entertainment in the 3rd quarter valued at approximately $195,000. 28.80% of the stock is owned by hedge funds and other institutional investors.

AMC Entertainment Trading Down 2.6 %

Shares of AMC stock opened at $4.37 on Tuesday. The firm’s fifty day simple moving average is $4.48 and its 200 day simple moving average is $4.72. AMC Entertainment Holdings, Inc. has a 1 year low of $2.38 and a 1 year high of $11.88. The firm has a market capitalization of $1.64 billion, a P/E ratio of -2.80 and a beta of 1.83.

AMC Entertainment (NYSE:AMC) last posted its earnings results on Wednesday, November 6th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.03. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.33 billion. AMC Entertainment’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same quarter last year, the business earned ($0.09) EPS. Equities research analysts anticipate that AMC Entertainment Holdings, Inc. will post -1.42 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on AMC shares. Wedbush restated a “neutral” rating and issued a $4.00 target price on shares of AMC Entertainment in a research note on Monday, August 5th. StockNews.com upgraded AMC Entertainment to a “sell” rating in a research report on Tuesday, November 12th. Morgan Stanley dropped their price target on AMC Entertainment from $11.00 to $10.00 and set an “underweight” rating on the stock in a research report on Monday, August 12th. Macquarie reaffirmed an “underperform” rating and issued a $4.00 price objective on shares of AMC Entertainment in a report on Wednesday, November 13th. Finally, Benchmark reissued a “hold” rating on shares of AMC Entertainment in a report on Thursday, November 7th. Four equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $5.44.

AMC Entertainment Company Profile

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.