Amalgamated Bank Has $53,000 Stock Position in AMC Entertainment Holdings, Inc. (NYSE:AMC)

Amalgamated Bank lifted its stake in shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) by 31.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,568 shares of the company’s stock after acquiring an additional 2,771 shares during the period. Amalgamated Bank’s holdings in AMC Entertainment were worth $53,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of AMC Entertainment by 22.9% during the 1st quarter. Vanguard Group Inc. now owns 24,804,669 shares of the company’s stock worth $92,273,000 after acquiring an additional 4,617,007 shares during the period. Renaissance Technologies LLC lifted its position in AMC Entertainment by 18.2% during the second quarter. Renaissance Technologies LLC now owns 10,285,826 shares of the company’s stock worth $51,223,000 after purchasing an additional 1,585,430 shares during the period. Marshall Wace LLP bought a new position in AMC Entertainment in the second quarter valued at approximately $6,775,000. SG Americas Securities LLC raised its holdings in shares of AMC Entertainment by 1,894.0% during the 2nd quarter. SG Americas Securities LLC now owns 1,121,025 shares of the company’s stock worth $5,583,000 after buying an additional 1,064,805 shares in the last quarter. Finally, Boulder Hill Capital Management LP acquired a new position in AMC Entertainment during the first quarter worth about $2,842,000. 28.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on AMC shares. Wedbush reiterated a “neutral” rating and issued a $4.00 target price on shares of AMC Entertainment in a research report on Monday, August 5th. B. Riley reduced their price target on shares of AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. Macquarie restated an “underperform” rating and issued a $4.00 price objective on shares of AMC Entertainment in a research note on Wednesday, November 13th. StockNews.com raised AMC Entertainment to a “sell” rating in a report on Tuesday, November 12th. Finally, Benchmark reissued a “hold” rating on shares of AMC Entertainment in a research note on Thursday, November 7th. Four equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $5.44.

AMC Entertainment Price Performance

AMC opened at $4.37 on Tuesday. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of -2.80 and a beta of 1.83. The stock’s 50 day simple moving average is $4.48 and its 200 day simple moving average is $4.72. AMC Entertainment Holdings, Inc. has a 1 year low of $2.38 and a 1 year high of $11.88.

AMC Entertainment (NYSE:AMC) last announced its earnings results on Wednesday, November 6th. The company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.03. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the prior year, the company earned ($0.09) EPS. AMC Entertainment’s revenue was down 4.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that AMC Entertainment Holdings, Inc. will post -1.42 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.