Janus Henderson Group PLC Increases Position in AMC Entertainment Holdings, Inc. (NYSE:AMC)

Janus Henderson Group PLC lifted its holdings in shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) by 39.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 128,574 shares of the company’s stock after buying an additional 36,231 shares during the quarter. Janus Henderson Group PLC’s holdings in AMC Entertainment were worth $586,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of AMC Entertainment by 32.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 61,360 shares of the company’s stock valued at $279,000 after purchasing an additional 15,132 shares during the last quarter. FORA Capital LLC purchased a new position in AMC Entertainment in the 3rd quarter valued at $182,000. MetLife Investment Management LLC increased its stake in AMC Entertainment by 174.6% in the 3rd quarter. MetLife Investment Management LLC now owns 192,826 shares of the company’s stock valued at $877,000 after buying an additional 122,609 shares during the period. FMR LLC raised its position in AMC Entertainment by 43.5% during the 3rd quarter. FMR LLC now owns 60,877 shares of the company’s stock worth $277,000 after buying an additional 18,464 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in AMC Entertainment by 16.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 176,232 shares of the company’s stock worth $802,000 after buying an additional 25,489 shares during the last quarter. Hedge funds and other institutional investors own 28.80% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on AMC. Macquarie reissued an “underperform” rating and issued a $4.00 target price on shares of AMC Entertainment in a report on Wednesday, November 13th. Benchmark reaffirmed a “hold” rating on shares of AMC Entertainment in a report on Thursday, November 7th. StockNews.com raised AMC Entertainment to a “sell” rating in a report on Tuesday, November 12th. Finally, B. Riley cut their price target on AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. Four investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $5.44.

AMC Entertainment Stock Down 3.0 %

NYSE AMC opened at $4.18 on Friday. The stock has a market cap of $1.57 billion, a price-to-earnings ratio of -2.60 and a beta of 1.85. AMC Entertainment Holdings, Inc. has a fifty-two week low of $2.38 and a fifty-two week high of $11.88. The business has a fifty day moving average of $4.47 and a 200-day moving average of $4.76.

AMC Entertainment (NYSE:AMC) last released its quarterly earnings results on Wednesday, November 6th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.03. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.33 billion. AMC Entertainment’s revenue for the quarter was down 4.1% on a year-over-year basis. During the same period in the prior year, the business earned ($0.09) earnings per share. As a group, analysts anticipate that AMC Entertainment Holdings, Inc. will post -1.41 EPS 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.