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

Deutsche Bank AG grew its holdings in AMC Entertainment Holdings, Inc. (NYSE:AMC) by 51.3% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 282,815 shares of the company’s stock after buying an additional 95,834 shares during the period. Deutsche Bank AG owned 0.08% of AMC Entertainment worth $1,126,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in AMC. Skandinaviska Enskilda Banken AB publ lifted its position in AMC Entertainment by 68.3% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 15,947 shares of the company’s stock valued at $63,000 after purchasing an additional 6,473 shares during the period. MetLife Investment Management LLC raised its stake in shares of AMC Entertainment by 3.7% during the 4th quarter. MetLife Investment Management LLC now owns 199,886 shares of the company’s stock worth $796,000 after buying an additional 7,060 shares in the last quarter. Meridian Wealth Management LLC lifted its holdings in shares of AMC Entertainment by 61.4% in the 4th quarter. Meridian Wealth Management LLC now owns 25,254 shares of the company’s stock valued at $101,000 after buying an additional 9,605 shares during the period. Sterling Capital Management LLC lifted its holdings in shares of AMC Entertainment by 831.5% in the 4th quarter. Sterling Capital Management LLC now owns 10,843 shares of the company’s stock valued at $43,000 after buying an additional 9,679 shares during the period. Finally, Invesco Ltd. boosted its stake in shares of AMC Entertainment by 1.3% in the fourth quarter. Invesco Ltd. now owns 777,765 shares of the company’s stock valued at $3,096,000 after buying an additional 10,337 shares in the last quarter. Institutional investors and hedge funds own 28.80% of the company’s stock.

AMC Entertainment Price Performance

Shares of AMC Entertainment stock opened at $3.25 on Monday. AMC Entertainment Holdings, Inc. has a 1-year low of $2.45 and a 1-year high of $5.96. The company has a market capitalization of $1.41 billion, a P/E ratio of -2.02 and a beta of 1.41. The business’s fifty day moving average price is $2.83 and its two-hundred day moving average price is $3.47.

AMC Entertainment (NYSE:AMC) last released its earnings results on Wednesday, May 7th. The company reported ($0.58) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.61) by $0.03. The firm had revenue of $862.50 million during the quarter, compared to analyst estimates of $983.23 million. During the same quarter last year, the company earned ($0.62) earnings per share. The business’s revenue for the quarter was down 9.3% on a year-over-year basis. On average, research analysts expect that AMC Entertainment Holdings, Inc. will post -1.38 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AMC. Wall Street Zen raised shares of AMC Entertainment to a “sell” rating in a report on Saturday, February 22nd. Citigroup reaffirmed a “sell” rating and issued a $2.30 price objective (down from $2.80) on shares of AMC Entertainment in a research note on Thursday, April 24th. Benchmark reaffirmed a “hold” rating on shares of AMC Entertainment in a report on Monday, March 3rd. Roth Mkm decreased their target price on AMC Entertainment from $3.25 to $3.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 16th. Finally, B. Riley started coverage on AMC Entertainment in a research report on Friday, May 16th. They issued a “neutral” rating and a $3.00 price target for the company. Three equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, AMC Entertainment has an average rating of “Hold” and a consensus target price of $4.22.

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.