AMC Entertainment Holdings, Inc. (NYSE:AMC) Shares Sold by Traynor Capital Management Inc.

Traynor Capital Management Inc. cut its holdings in shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) by 19.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 16,230 shares of the company’s stock after selling 3,882 shares during the quarter. Traynor Capital Management Inc.’s holdings in AMC Entertainment were worth $65,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. KBC Group NV acquired a new position in AMC Entertainment during the third quarter valued at $37,000. Creative Planning acquired a new position in shares of AMC Entertainment in the 3rd quarter valued at about $48,000. Amalgamated Bank boosted its stake in shares of AMC Entertainment by 31.5% in 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 during the last quarter. Burns Matteson Capital Management LLC acquired a new stake in AMC Entertainment during the third quarter worth about $55,000. Finally, Traphagen Investment Advisors LLC purchased a new position in AMC Entertainment during the fourth quarter valued at approximately $64,000. 28.80% of the stock is owned by hedge funds and other institutional investors.

AMC Entertainment Stock Up 1.0 %

AMC opened at $3.43 on Friday. The firm’s fifty day simple moving average is $4.22 and its two-hundred day simple moving average is $4.57. AMC Entertainment Holdings, Inc. has a 52-week low of $2.38 and a 52-week high of $11.88. The company has a market cap of $1.29 billion, a price-to-earnings ratio of -2.13 and a beta of 1.92.

AMC Entertainment (NYSE:AMC) last issued its quarterly earnings results on Wednesday, November 6th. The company reported ($0.04) earnings per share 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. During the same period in the prior year, the business posted ($0.09) earnings per share. The company’s quarterly revenue was down 4.1% compared to the same quarter last year. On average, research analysts forecast that AMC Entertainment Holdings, Inc. will post -1.41 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. 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 shares of AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. Benchmark reaffirmed a “hold” rating on shares of AMC Entertainment in a report on Thursday, November 7th. Finally, StockNews.com raised shares of AMC Entertainment to a “sell” rating in a research note on Tuesday, November 12th. Four analysts have rated the stock with a sell rating and three have issued a hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $5.44.

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.