AMC Entertainment Holdings, Inc. (NYSE:AMC) Holdings Cut by Amalgamated Bank

Amalgamated Bank decreased its position in shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) by 31.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,797 shares of the company’s stock after selling 4,107 shares during the period. Amalgamated Bank’s holdings in AMC Entertainment were worth $44,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Victory Capital Management Inc. boosted its position in shares of AMC Entertainment by 10.3% in the second quarter. Victory Capital Management Inc. now owns 38,050 shares of the company’s stock valued at $189,000 after acquiring an additional 3,553 shares during the period. Waldron Private Wealth LLC grew its position in AMC Entertainment by 47.0% in the 2nd quarter. Waldron Private Wealth LLC now owns 17,071 shares of the company’s stock worth $85,000 after purchasing an additional 5,459 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of AMC Entertainment by 14.6% during 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 period. Wolverine Asset Management LLC lifted its stake in shares of AMC Entertainment by 17.0% in the second quarter. Wolverine Asset Management LLC now owns 45,066 shares of the company’s stock valued at $224,000 after buying an additional 6,555 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in AMC Entertainment by 50.6% during the first quarter. Principal Financial Group Inc. now owns 20,091 shares of the company’s stock worth $75,000 after buying an additional 6,748 shares in the last quarter. 28.80% of the stock is owned by institutional investors and hedge funds.

AMC Entertainment Stock Down 3.2 %

Shares of AMC opened at $4.41 on Wednesday. AMC Entertainment Holdings, Inc. has a twelve month low of $2.38 and a twelve month high of $11.88. The stock has a market capitalization of $1.30 billion, a P/E ratio of -3.58 and a beta of 1.81. The company has a 50 day moving average of $4.91 and a 200-day moving average of $4.49.

AMC Entertainment (NYSE:AMC) last announced 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 business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. The firm’s revenue for the quarter was down 23.1% on a year-over-year basis. On average, sell-side analysts anticipate that AMC Entertainment Holdings, Inc. will post -1.36 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Benchmark reaffirmed a “hold” rating on shares of AMC Entertainment in a report on Monday, August 5th. Wedbush reissued a “neutral” rating and set a $4.00 price target 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 for the company in a report on Monday, August 12th. Finally, Macquarie boosted their price objective on AMC Entertainment from $3.50 to $4.00 and gave the company an “underperform” rating in a research report on Tuesday, July 9th. Five investment analysts have rated the stock with a sell rating and three have given a hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $5.70.

AMC Entertainment 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.