Marshall Wace LLP Makes New $6.78 Million Investment in AMC Entertainment Holdings, Inc. (NYSE:AMC)

Marshall Wace LLP bought a new stake in AMC Entertainment Holdings, Inc. (NYSE:AMC) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,360,403 shares of the company’s stock, valued at approximately $6,775,000. Marshall Wace LLP owned approximately 0.46% of AMC Entertainment as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of AMC. Norges Bank purchased a new stake in AMC Entertainment in the 4th quarter worth about $12,605,000. Treasurer of the State of North Carolina boosted its position in AMC Entertainment by 240.5% during the fourth quarter. Treasurer of the State of North Carolina now owns 87,922 shares of the company’s stock valued at $538,000 after purchasing an additional 62,100 shares during the last quarter. Seven Eight Capital LP purchased a new position in AMC Entertainment in the fourth quarter valued at about $1,016,000. Quadrature Capital Ltd increased its position in AMC Entertainment by 374.1% in the 4th quarter. Quadrature Capital Ltd now owns 818,077 shares of the company’s stock worth $5,003,000 after purchasing an additional 645,541 shares during the last quarter. Finally, Caas Capital Management LP purchased a new stake in shares of AMC Entertainment during the 4th quarter worth about $148,000. Institutional investors and hedge funds own 28.80% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on AMC shares. Benchmark restated a “hold” rating on shares of AMC Entertainment in a report on Monday, August 5th. Macquarie raised their price target on shares of AMC Entertainment from $3.50 to $4.00 and gave the company an “underperform” rating in a report on Tuesday, July 9th. Wedbush reaffirmed a “neutral” rating and issued a $4.00 price objective on shares of AMC Entertainment in a research note on Monday, August 5th. Finally, Morgan Stanley lowered their target price on shares of AMC Entertainment from $11.00 to $10.00 and set an “underweight” rating on the stock in a research report on Monday, August 12th. Five investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $5.70.

AMC Entertainment Price Performance

AMC stock opened at $4.55 on Tuesday. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of -3.58 and a beta of 1.81. The company has a 50-day moving average of $4.92 and a two-hundred day moving average of $4.49. AMC Entertainment Holdings, Inc. has a 52-week low of $2.38 and a 52-week high of $11.88.

AMC Entertainment (NYSE:AMC) last announced its earnings results on Friday, August 2nd. The company reported ($0.43) earnings per share for the quarter, meeting the consensus estimate of ($0.43). The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. The business’s revenue for the quarter was down 23.1% on a year-over-year basis. Equities analysts expect that AMC Entertainment Holdings, Inc. will post -1.36 EPS for the current fiscal year.

AMC Entertainment Company 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.