UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Stock Holdings in AMC Entertainment Holdings, Inc. (NYSE:AMC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) by 46.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 545,441 shares of the company’s stock after purchasing an additional 173,849 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.15% of AMC Entertainment worth $2,171,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Sterling Capital Management LLC increased its position in AMC Entertainment by 831.5% during the 4th quarter. Sterling Capital Management LLC now owns 10,843 shares of the company’s stock valued at $43,000 after purchasing an additional 9,679 shares during the period. Skandinaviska Enskilda Banken AB publ increased its position in AMC Entertainment by 68.3% during the 4th 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. Cresset Asset Management LLC purchased a new position in AMC Entertainment during the 4th quarter valued at about $88,000. Raymond James Financial Inc. bought a new stake in shares of AMC Entertainment in the 4th quarter valued at about $96,000. Finally, Meridian Wealth Management LLC boosted 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 in the last quarter. Hedge funds and other institutional investors own 28.80% of the company’s stock.

AMC Entertainment Price Performance

AMC stock opened at $3.40 on Friday. The firm has a 50 day moving average of $2.93 and a 200 day moving average of $3.41. The stock has a market capitalization of $1.47 billion, a PE ratio of -2.11 and a beta of 1.50. AMC Entertainment Holdings, Inc. has a 52 week low of $2.45 and a 52 week high of $5.94.

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

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Citigroup restated a “sell” rating and issued a $2.60 price target (up from $2.30) on shares of AMC Entertainment in a report on Thursday, May 29th. Roth Mkm lowered their price target on shares of AMC Entertainment from $3.25 to $3.00 and set a “neutral” rating on the stock in a report on Wednesday, April 16th. Benchmark restated a “hold” rating on shares of AMC Entertainment in a report on Monday, March 3rd. Wall Street Zen upgraded shares of AMC Entertainment to a “sell” rating in a report on Saturday, February 22nd. Finally, Macquarie restated a “neutral” rating and issued a $4.00 price target on shares of AMC Entertainment in a report on Wednesday, February 26th. Three investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $4.26.

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.