SG Americas Securities LLC Cuts Stock Position in AMC Entertainment Holdings, Inc. (NYSE:AMC)

SG Americas Securities LLC trimmed its stake in shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) by 66.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 144,196 shares of the company’s stock after selling 285,892 shares during the quarter. SG Americas Securities LLC’s holdings in AMC Entertainment were worth $574,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. KBC Group NV acquired a new position in AMC Entertainment in the 3rd quarter valued at $37,000. Creative Planning purchased a new stake in shares of AMC Entertainment during the third quarter worth $48,000. Amalgamated Bank grew its holdings in shares of AMC Entertainment by 31.5% during the third 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. Burns Matteson Capital Management LLC acquired a new stake in shares of AMC Entertainment in the third quarter valued at about $55,000. Finally, Traphagen Investment Advisors LLC purchased a new position in shares of AMC Entertainment in the fourth quarter worth about $64,000. Institutional investors and hedge funds own 28.80% of the company’s stock.

AMC Entertainment Trading Down 0.8 %

NYSE AMC opened at $3.12 on Friday. The stock has a fifty day simple moving average of $4.05 and a 200-day simple moving average of $4.47. The stock has a market cap of $1.17 billion, a PE ratio of -1.93 and a beta of 1.92. AMC Entertainment Holdings, Inc. has a twelve month low of $2.38 and a twelve month high of $11.88.

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, beating analysts’ consensus estimates of ($0.07) by $0.03. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.33 billion. AMC Entertainment’s revenue was down 4.1% on a year-over-year basis. During the same period last year, the firm posted ($0.09) earnings per share. Research analysts predict that AMC Entertainment Holdings, Inc. will post -1.41 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AMC. Macquarie reaffirmed an “underperform” rating and set a $4.00 price objective on shares of AMC Entertainment in a research note on Wednesday, November 13th. B. Riley dropped their price target on AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. StockNews.com upgraded AMC Entertainment to a “sell” rating in a research report on Tuesday, November 12th. Finally, Benchmark restated a “hold” rating on shares of AMC Entertainment in a report on Thursday, November 7th. Four 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 stock currently has a consensus rating of “Reduce” and an average price target of $5.44.

About AMC Entertainment

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.