Fmr LLC Has $277,000 Stock Holdings in AMC Entertainment Holdings, Inc. (NYSE:AMC)

Fmr LLC increased its position in AMC Entertainment Holdings, Inc. (NYSE:AMC) by 43.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 60,877 shares of the company’s stock after acquiring an additional 18,464 shares during the quarter. Fmr LLC’s holdings in AMC Entertainment were worth $277,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. KBC Group NV bought a new stake in shares of AMC Entertainment in the 3rd quarter valued at about $37,000. Skylands Capital LLC bought a new position in shares of AMC Entertainment during the second quarter worth about $50,000. Creative Planning acquired a new position in shares of AMC Entertainment in the third quarter worth approximately $48,000. Amalgamated Bank boosted its holdings in AMC Entertainment by 31.5% in the third quarter. Amalgamated Bank now owns 11,568 shares of the company’s stock valued at $53,000 after acquiring an additional 2,771 shares during the last quarter. Finally, Burns Matteson Capital Management LLC acquired a new stake in AMC Entertainment during the 3rd quarter valued at approximately $55,000. Institutional investors own 28.80% of the company’s stock.

AMC Entertainment Price Performance

AMC opened at $4.18 on Friday. AMC Entertainment Holdings, Inc. has a fifty-two week low of $2.38 and a fifty-two week high of $11.88. The company’s 50-day moving average is $4.47 and its 200 day moving average is $4.75. The firm has a market capitalization of $1.57 billion, a P/E ratio of -2.60 and a beta of 1.85.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on AMC shares. StockNews.com upgraded shares of AMC Entertainment to a “sell” rating in a research report on Tuesday, November 12th. Macquarie reaffirmed an “underperform” rating and set a $4.00 price objective on shares of AMC Entertainment in a research report on Wednesday, November 13th. Benchmark reiterated a “hold” rating on shares of AMC Entertainment in a research report on Thursday, November 7th. Finally, B. Riley decreased their price objective on AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. Four research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. According to data from MarketBeat, AMC Entertainment currently has a consensus rating of “Reduce” and a consensus price target of $5.44.

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.