AMC Entertainment Holdings, Inc. (NYSE:AMC) Shares Purchased by Quadrature Capital Ltd

Quadrature Capital Ltd boosted its stake in shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) by 374.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 818,077 shares of the company’s stock after acquiring an additional 645,541 shares during the period. Quadrature Capital Ltd owned about 0.31% of AMC Entertainment worth $5,003,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Qube Research & Technologies Ltd raised its position in AMC Entertainment by 935.5% during the third quarter. Qube Research & Technologies Ltd now owns 814,308 shares of the company’s stock worth $6,506,000 after acquiring an additional 735,666 shares during the period. Swiss National Bank raised its position in AMC Entertainment by 29.6% during the fourth quarter. Swiss National Bank now owns 390,891 shares of the company’s stock worth $2,392,000 after acquiring an additional 89,200 shares during the period. HBK Sorce Advisory LLC raised its position in AMC Entertainment by 31.2% during the fourth quarter. HBK Sorce Advisory LLC now owns 27,459 shares of the company’s stock worth $168,000 after acquiring an additional 6,525 shares during the period. Oak Thistle LLC acquired a new position in AMC Entertainment during the fourth quarter worth $459,000. Finally, Avantax Advisory Services Inc. raised its position in AMC Entertainment by 43.7% during the fourth quarter. Avantax Advisory Services Inc. now owns 16,663 shares of the company’s stock worth $102,000 after acquiring an additional 5,070 shares during the period. 28.80% of the stock is currently owned by institutional investors and hedge funds.

AMC Entertainment Trading Down 1.0 %

Shares of AMC opened at $4.84 on Wednesday. AMC Entertainment Holdings, Inc. has a 12-month low of $2.38 and a 12-month high of $62.30. The firm has a 50-day moving average price of $4.08 and a 200 day moving average price of $4.56. The firm has a market capitalization of $1.43 billion, a P/E ratio of -3.81 and a beta of 1.70.

AMC Entertainment (NYSE:AMC) last announced its quarterly earnings data on Wednesday, May 8th. The company reported ($0.78) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.62) by ($0.16). The company had revenue of $951.40 million for the quarter, compared to analysts’ expectations of $951.40 million. Equities research analysts predict that AMC Entertainment Holdings, Inc. will post -0.62 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AMC. B. Riley reduced their price objective on shares of AMC Entertainment from $12.00 to $8.00 and set a “neutral” rating for the company in a research report on Thursday, February 29th. Wedbush dropped their target price on shares of AMC Entertainment from $4.00 to $3.50 and set a “neutral” rating for the company in a report on Thursday, May 9th. Finally, Citigroup upped their target price on shares of AMC Entertainment from $3.10 to $3.20 and gave the stock a “sell” rating in a report on Tuesday, May 14th. Four investment analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $5.54.

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.