AMC Entertainment Holdings, Inc. (NYSE:AMC) Shares Purchased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lifted its stake in AMC Entertainment Holdings, Inc. (NYSE:AMC) by 16.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 176,232 shares of the company’s stock after purchasing an additional 25,489 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in AMC Entertainment were worth $802,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. KBC Group NV acquired a new stake in AMC Entertainment during the 3rd quarter worth approximately $37,000. Creative Planning acquired a new stake in AMC Entertainment during the 3rd quarter worth approximately $48,000. Skylands Capital LLC acquired a new stake in AMC Entertainment during the 2nd quarter worth approximately $50,000. Amalgamated Bank lifted its holdings in AMC Entertainment by 31.5% during the 3rd quarter. Amalgamated Bank now owns 11,568 shares of the company’s stock worth $53,000 after buying an additional 2,771 shares in the last quarter. Finally, Burns Matteson Capital Management LLC acquired a new stake in AMC Entertainment during the 3rd quarter worth approximately $55,000. 28.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on AMC. Macquarie restated an “underperform” rating and issued a $4.00 price objective on shares of AMC Entertainment in a report on Wednesday, November 13th. B. Riley reduced their price objective on shares of AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. StockNews.com upgraded shares of AMC Entertainment to a “sell” rating in a report on Tuesday, November 12th. Finally, Benchmark restated a “hold” rating on shares of AMC Entertainment in a report on Thursday, November 7th. Four investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $5.44.

AMC Entertainment Stock Performance

Shares of AMC Entertainment stock opened at $4.32 on Friday. AMC Entertainment Holdings, Inc. has a 1 year low of $2.38 and a 1 year high of $11.88. The company has a market capitalization of $1.62 billion, a P/E ratio of -2.68 and a beta of 1.85. The company’s fifty day moving average is $4.48 and its two-hundred day moving average is $4.77.

AMC Entertainment (NYSE:AMC) last released its earnings results on Wednesday, November 6th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.03. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same quarter last year, the business posted ($0.09) EPS. The firm’s revenue was down 4.1% on a year-over-year basis. As a group, equities analysts expect that AMC Entertainment Holdings, Inc. will post -1.42 earnings per share for the current year.

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.