Wolverine Asset Management LLC Increases Stock Holdings in AMC Entertainment Holdings, Inc. (NYSE:AMC)

Wolverine Asset Management LLC boosted its stake in AMC Entertainment Holdings, Inc. (NYSE:AMC) by 17.0% in the second quarter, Holdings Channel reports. The fund owned 45,066 shares of the company’s stock after buying an additional 6,555 shares during the quarter. Wolverine Asset Management LLC’s holdings in AMC Entertainment were worth $224,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in AMC Entertainment by 48.3% in the fourth quarter. Vanguard Group Inc. now owns 20,187,662 shares of the company’s stock valued at $123,548,000 after purchasing an additional 6,577,228 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of AMC Entertainment by 1,894.0% in the second quarter. SG Americas Securities LLC now owns 1,121,025 shares of the company’s stock valued at $5,583,000 after purchasing an additional 1,064,805 shares during the period. Swiss National Bank increased its position in AMC Entertainment by 29.6% in the 4th quarter. Swiss National Bank now owns 390,891 shares of the company’s stock valued at $2,392,000 after acquiring an additional 89,200 shares during the period. Avantax Advisory Services Inc. raised its stake in shares of AMC Entertainment by 43.7% during the fourth quarter. Avantax Advisory Services Inc. now owns 16,663 shares of the company’s stock valued at $102,000 after purchasing an additional 5,070 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of AMC Entertainment by 24.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 65,620 shares of the company’s stock worth $245,000 after acquiring an additional 12,975 shares during the period. Institutional investors and hedge funds own 28.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on AMC shares. Citigroup raised their price objective on shares of AMC Entertainment from $3.10 to $3.20 and gave the company a “sell” rating in a research report on Tuesday, May 14th. Macquarie upped their price target on AMC Entertainment from $3.50 to $4.00 and gave the company an “underperform” rating in a research report on Tuesday, July 9th. Benchmark restated a “hold” rating on shares of AMC Entertainment in a research note on Monday, August 5th. Morgan Stanley dropped their price objective on AMC Entertainment from $11.00 to $10.00 and set an “underweight” rating on the stock in a research note on Monday, August 12th. Finally, Wedbush reissued a “neutral” rating and issued a $4.00 price objective on shares of AMC Entertainment in a research 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 stock. Based on data from MarketBeat.com, AMC Entertainment currently has a consensus rating of “Reduce” and an average target price of $5.70.

AMC Entertainment Stock Performance

Shares of NYSE AMC opened at $4.98 on Friday. The stock has a market cap of $1.47 billion, a P/E ratio of -3.92 and a beta of 1.84. AMC Entertainment Holdings, Inc. has a 52-week low of $2.38 and a 52-week high of $11.88. The firm has a 50 day moving average price of $5.06 and a 200 day moving average price of $4.46.

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, meeting the consensus estimate of ($0.43). The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.03 billion. AMC Entertainment’s revenue for the quarter was down 23.1% on a year-over-year basis. Analysts predict that AMC Entertainment Holdings, Inc. will post -1.36 earnings per share for the current fiscal year.

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.