VIRGINIA RETIREMENT SYSTEMS ET Al Takes $42,000 Position in AMC Entertainment Holdings, Inc. $AMC

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,700 shares of the company’s stock, valued at approximately $42,000.

Other hedge funds have also modified their holdings of the company. Northern Trust Corp grew its stake in shares of AMC Entertainment by 6.7% during the first quarter. Northern Trust Corp now owns 3,540,656 shares of the company’s stock valued at $10,162,000 after purchasing an additional 222,375 shares during the last quarter. Nuveen LLC bought a new stake in shares of AMC Entertainment during the first quarter valued at approximately $2,736,000. Graham Capital Management L.P. grew its stake in shares of AMC Entertainment by 272.7% during the first quarter. Graham Capital Management L.P. now owns 625,783 shares of the company’s stock valued at $1,796,000 after purchasing an additional 457,856 shares during the last quarter. Brio Consultants LLC bought a new stake in shares of AMC Entertainment during the first quarter valued at approximately $281,000. Finally, Vanguard Group Inc. grew its stake in shares of AMC Entertainment by 16.2% during the first quarter. Vanguard Group Inc. now owns 42,815,896 shares of the company’s stock valued at $122,882,000 after purchasing an additional 5,961,337 shares during the last quarter. 28.80% of the stock is owned by institutional investors.

AMC Entertainment Trading Down 1.6%

AMC opened at $2.69 on Monday. The stock has a market capitalization of $1.38 billion, a P/E ratio of -3.02 and a beta of 1.25. AMC Entertainment Holdings, Inc. has a 12 month low of $2.45 and a 12 month high of $5.56. The firm’s fifty day simple moving average is $2.86 and its 200 day simple moving average is $2.97.

AMC Entertainment (NYSE:AMC) last posted its quarterly earnings data on Monday, August 11th. The company reported ($0.43) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.36). The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the prior year, the company earned ($0.43) earnings per share. The company’s quarterly revenue was up 35.6% compared to the same quarter last year. On average, equities research analysts predict that AMC Entertainment Holdings, Inc. will post -1.38 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on AMC. Wall Street Zen raised shares of AMC Entertainment from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 16th. Zacks Research raised shares of AMC Entertainment from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 22nd. Wedbush raised shares of AMC Entertainment from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $3.00 to $4.00 in a research note on Friday, July 11th. Citigroup raised their price objective on shares of AMC Entertainment from $2.60 to $2.70 and gave the company a “sell” rating in a research note on Tuesday, August 19th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of AMC Entertainment in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $3.33.

About AMC Entertainment

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.