AMC Entertainment Holdings, Inc. (NYSE:AMC) Shares Bought by Waldron Private Wealth LLC

Waldron Private Wealth LLC lifted its stake in AMC Entertainment Holdings, Inc. (NYSE:AMC) by 47.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,173 shares of the company’s stock after acquiring an additional 8,102 shares during the period. Waldron Private Wealth LLC’s holdings in AMC Entertainment were worth $115,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Skylands Capital LLC acquired a new stake in AMC Entertainment in the second quarter worth approximately $50,000. Creative Planning acquired a new stake in shares of AMC Entertainment in the third quarter valued at $48,000. Burns Matteson Capital Management LLC bought a new position in AMC Entertainment during the third quarter valued at about $55,000. Powell Investment Advisors LLC acquired a new position in AMC Entertainment during the first quarter worth about $55,000. Finally, Quarry LP raised its position in AMC Entertainment by 9,601.2% in the second quarter. Quarry LP now owns 15,619 shares of the company’s stock worth $78,000 after acquiring an additional 15,458 shares in the last quarter. 28.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AMC. Benchmark restated a “hold” rating on shares of AMC Entertainment in a research report on Monday, August 5th. Macquarie raised their target price on shares of AMC Entertainment from $3.50 to $4.00 and gave the stock an “underperform” rating in a report on Tuesday, July 9th. Wedbush reaffirmed a “neutral” rating and issued a $4.00 price target on shares of AMC Entertainment in a report on Monday, August 5th. Finally, Morgan Stanley reduced their price objective on AMC Entertainment from $11.00 to $10.00 and set an “underweight” rating for the company in a research note on Monday, August 12th. Three equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $5.84.

AMC Entertainment Price Performance

AMC Entertainment stock opened at $4.25 on Thursday. The company has a market cap of $1.25 billion, a P/E ratio of -3.34 and a beta of 1.80. AMC Entertainment Holdings, Inc. has a fifty-two week low of $2.38 and a fifty-two week high of $11.88. The firm’s 50 day simple moving average is $4.64 and its 200-day simple moving average is $4.54.

AMC Entertainment (NYSE:AMC) last announced its earnings results on Friday, August 2nd. The company reported ($0.43) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.43). The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. AMC Entertainment’s quarterly revenue was down 23.1% on a year-over-year basis. On average, analysts expect that AMC Entertainment Holdings, Inc. will post -1.34 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.