Quantinno Capital Management LP Sells 2,811 Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC)

Quantinno Capital Management LP trimmed its holdings in AMC Entertainment Holdings, Inc. (NYSE:AMC) by 20.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,125 shares of the company’s stock after selling 2,811 shares during the period. Quantinno Capital Management LP’s holdings in AMC Entertainment were worth $51,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Bank of New York Mellon Corp grew its position in shares of AMC Entertainment by 92.5% in the second quarter. Bank of New York Mellon Corp now owns 1,086,600 shares of the company’s stock valued at $5,411,000 after purchasing an additional 522,063 shares in the last quarter. Skylands Capital LLC bought a new stake in shares of AMC Entertainment during the second quarter valued at about $50,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of AMC Entertainment by 14.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,228 shares of the company’s stock worth $230,000 after buying an additional 5,902 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of AMC Entertainment by 35.8% in the second quarter. Principal Financial Group Inc. now owns 27,276 shares of the company’s stock valued at $136,000 after acquiring an additional 7,185 shares during the period. Finally, Commonwealth Equity Services LLC grew its stake in AMC Entertainment by 243.4% during the second quarter. Commonwealth Equity Services LLC now owns 56,911 shares of the company’s stock valued at $283,000 after acquiring an additional 40,336 shares in the last quarter. Institutional investors own 28.80% of the company’s stock.

Wall Street Analysts Forecast Growth

AMC has been the topic of several recent analyst reports. StockNews.com upgraded shares of AMC Entertainment to a “sell” rating in a research note on Tuesday, November 12th. Benchmark reiterated a “hold” rating on shares of AMC Entertainment in a research report on Thursday, November 7th. Macquarie reissued an “underperform” rating and set a $4.00 price objective on shares of AMC Entertainment in a research note on Wednesday, November 13th. Finally, B. Riley decreased their target price on AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. Four equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. Based on data from MarketBeat, AMC Entertainment presently has an average rating of “Reduce” and an average price target of $5.44.

AMC Entertainment Stock Up 4.8 %

NYSE AMC opened at $4.26 on Wednesday. The stock’s 50-day simple moving average is $4.47 and its two-hundred day simple moving average is $4.76. AMC Entertainment Holdings, Inc. has a twelve month low of $2.38 and a twelve month high of $11.88. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of -2.65 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 for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.03. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the previous year, the firm earned ($0.09) EPS. The business’s quarterly revenue was down 4.1% compared to the same quarter last year. On average, equities analysts expect that AMC Entertainment Holdings, Inc. will post -1.41 earnings per share for the current fiscal 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.