Waldron Private Wealth LLC Increases Position in AMC Entertainment Holdings, Inc. (NYSE:AMC)

Waldron Private Wealth LLC raised its holdings in shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) by 47.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,071 shares of the company’s stock after purchasing an additional 5,459 shares during the period. Waldron Private Wealth LLC’s holdings in AMC Entertainment were worth $85,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Avantax Advisory Services Inc. increased its position in AMC Entertainment by 43.7% during the 4th quarter. Avantax Advisory Services Inc. now owns 16,663 shares of the company’s stock valued at $102,000 after buying an additional 5,070 shares in the last quarter. Russell Investments Group Ltd. bought a new position in shares of AMC Entertainment during the fourth quarter valued at $34,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of AMC Entertainment by 14.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,228 shares of the company’s stock worth $230,000 after purchasing an additional 5,902 shares during the last quarter. Principal Financial Group Inc. boosted its stake in AMC Entertainment by 50.6% in the 1st quarter. Principal Financial Group Inc. now owns 20,091 shares of the company’s stock worth $75,000 after purchasing an additional 6,748 shares in the last quarter. Finally, Victory Capital Management Inc. grew its position in AMC Entertainment by 54.8% during the 4th quarter. Victory Capital Management Inc. now owns 26,659 shares of the company’s stock valued at $163,000 after purchasing an additional 9,436 shares during the last quarter. 28.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Benchmark reaffirmed a “hold” rating on shares of AMC Entertainment in a report on Monday, August 5th. Citigroup boosted their price objective 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. Morgan Stanley lowered their price objective on AMC Entertainment from $11.00 to $10.00 and set an “underweight” rating on the stock in a research report on Monday, August 12th. Macquarie lifted their target price on AMC Entertainment from $3.50 to $4.00 and gave the stock an “underperform” rating in a report on Tuesday, July 9th. Finally, Wedbush reaffirmed a “neutral” rating and set a $4.00 price target on shares of AMC Entertainment in a report on Monday, August 5th. Five investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $5.70.

AMC Entertainment Stock Performance

Shares of AMC stock opened at $4.82 on Tuesday. The stock has a market capitalization of $1.42 billion, a P/E ratio of -3.80 and a beta of 1.84. The firm’s 50 day moving average is $5.06 and its 200 day moving average is $4.46. AMC Entertainment Holdings, Inc. has a 12-month low of $2.38 and a 12-month high of $13.90.

AMC Entertainment (NYSE:AMC) last released its quarterly earnings results on Friday, August 2nd. The company reported ($0.43) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.43). The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. The business’s quarterly revenue was down 23.1% on a year-over-year basis. As a group, equities analysts predict that AMC Entertainment Holdings, Inc. will post -1.36 earnings per share for the current year.

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.