Triumph Capital Management Boosts Holdings in AMC Entertainment Holdings, Inc. (NYSE:AMC)

Triumph Capital Management raised its holdings in AMC Entertainment Holdings, Inc. (NYSE:AMC) by 178.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 38,525 shares of the company’s stock after purchasing an additional 24,680 shares during the quarter. Triumph Capital Management’s holdings in AMC Entertainment were worth $153,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in AMC Entertainment by 4.4% in the 4th quarter. Vanguard Group Inc. now owns 36,854,559 shares of the company’s stock valued at $146,681,000 after acquiring an additional 1,558,554 shares during the last quarter. Marshall Wace LLP raised its holdings in AMC Entertainment by 85.4% in the 4th quarter. Marshall Wace LLP now owns 2,801,788 shares of the company’s stock valued at $11,151,000 after acquiring an additional 1,290,376 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in AMC Entertainment by 91.5% in the 4th quarter. JPMorgan Chase & Co. now owns 2,263,513 shares of the company’s stock valued at $9,009,000 after acquiring an additional 1,081,464 shares during the last quarter. KBC Group NV raised its holdings in AMC Entertainment by 7,771.5% in the 4th quarter. KBC Group NV now owns 648,141 shares of the company’s stock valued at $2,580,000 after acquiring an additional 639,907 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in AMC Entertainment by 12.6% in the 4th quarter. Northern Trust Corp now owns 3,318,281 shares of the company’s stock valued at $13,207,000 after acquiring an additional 370,408 shares during the last quarter. 28.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Macquarie reaffirmed a “neutral” rating and set a $4.00 price target on shares of AMC Entertainment in a research report on Wednesday, February 26th. B. Riley assumed coverage on shares of AMC Entertainment in a research report on Friday. They set a “neutral” rating and a $3.00 price target on the stock. Benchmark reaffirmed a “hold” rating on shares of AMC Entertainment in a research report on Monday, March 3rd. StockNews.com raised shares of AMC Entertainment to a “sell” rating in a research report on Saturday, February 22nd. Finally, Roth Capital set a $3.25 price target on shares of AMC Entertainment in a research report on Tuesday, February 4th. Three equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $4.22.

AMC Entertainment Price Performance

Shares of AMC opened at $2.95 on Monday. AMC Entertainment Holdings, Inc. has a 1-year low of $2.45 and a 1-year high of $5.96. The stock has a market cap of $1.27 billion, a PE ratio of -1.83 and a beta of 1.41. The firm has a fifty day moving average price of $2.82 and a 200 day moving average price of $3.52.

AMC Entertainment (NYSE:AMC) last announced its earnings results on Wednesday, May 7th. The company reported ($0.58) EPS for the quarter, beating analysts’ consensus estimates of ($0.61) by $0.03. The business had revenue of $862.50 million during the quarter, compared to analysts’ expectations of $983.23 million. During the same period in the previous year, the company posted ($0.62) earnings per share. AMC Entertainment’s quarterly revenue was down 9.3% on a year-over-year basis. As a group, equities analysts expect that AMC Entertainment Holdings, Inc. will post -1.38 EPS for the current fiscal year.

AMC Entertainment 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.