MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Purchases 13,154 Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) by 7.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 198,395 shares of the company’s stock after acquiring an additional 13,154 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.05% of AMC Entertainment worth $790,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of AMC. Sterling Capital Management LLC boosted its position 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 worth $43,000 after purchasing an additional 9,679 shares in the last quarter. Skandinaviska Enskilda Banken AB publ boosted its holdings 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 worth $63,000 after acquiring an additional 6,473 shares in the last quarter. Cresset Asset Management LLC purchased a new stake in shares of AMC Entertainment during the fourth quarter worth about $88,000. Raymond James Financial Inc. acquired a new position in shares of AMC Entertainment during the fourth quarter valued at about $96,000. Finally, Meridian Wealth Management LLC raised its position 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 purchasing an additional 9,605 shares during the last quarter. 28.80% of the stock is owned by hedge funds and other institutional investors.

AMC Entertainment Stock Up 0.4%

AMC Entertainment stock opened at $3.25 on Tuesday. The business’s 50-day moving average price is $2.84 and its 200 day moving average price is $3.46. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of -2.02 and a beta of 1.41. AMC Entertainment Holdings, Inc. has a 52 week low of $2.45 and a 52 week high of $5.96.

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

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Benchmark reissued a “hold” rating on shares of AMC Entertainment in a research report on Monday, March 3rd. B. Riley initiated coverage on AMC Entertainment in a research note on Friday, May 16th. They issued a “neutral” rating and a $3.00 target price for the company. Macquarie reiterated a “neutral” rating and set a $4.00 price target on shares of AMC Entertainment in a research note on Wednesday, February 26th. Roth Mkm reduced their price objective on AMC Entertainment from $3.25 to $3.00 and set a “neutral” rating for the company in a research note on Wednesday, April 16th. Finally, Citigroup reaffirmed a “sell” rating and set a $2.30 target price (down previously from $2.80) on shares of AMC Entertainment in a report on Thursday, April 24th. Three investment analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $4.22.

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.