First Trust Advisors LP Trims Stock Holdings in AMC Entertainment Holdings, Inc. (NYSE:AMC)

First Trust Advisors LP lowered its holdings in shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) by 51.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 136,362 shares of the company’s stock after selling 141,910 shares during the quarter. First Trust Advisors LP’s holdings in AMC Entertainment were worth $543,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the business. Franklin Resources Inc. bought a new position in AMC Entertainment in the third quarter worth approximately $788,000. JPMorgan Chase & Co. lifted its holdings in shares of AMC Entertainment by 431.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,182,049 shares of the company’s stock worth $5,378,000 after buying an additional 959,642 shares during the period. Traphagen Investment Advisors LLC purchased a new position in shares of AMC Entertainment during the fourth quarter valued at $64,000. KBC Group NV raised its holdings in shares of AMC Entertainment by 7,771.5% in the fourth quarter. KBC Group NV now owns 648,141 shares of the company’s stock valued at $2,580,000 after acquiring an additional 639,907 shares in the last quarter. Finally, Rhumbline Advisers lifted its stake in AMC Entertainment by 3.4% in the fourth quarter. Rhumbline Advisers now owns 511,171 shares of the company’s stock worth $2,034,000 after acquiring an additional 16,675 shares during the period. Institutional investors own 28.80% of the company’s stock.

AMC Entertainment Price Performance

Shares of NYSE:AMC opened at $2.74 on Friday. The business’s 50-day moving average is $2.84 and its 200 day moving average is $3.58. AMC Entertainment Holdings, Inc. has a 1 year low of $2.45 and a 1 year high of $11.88. The firm has a market capitalization of $1.18 billion, a P/E ratio of -1.70 and a beta of 1.41.

AMC Entertainment (NYSE:AMC) last posted its quarterly earnings data on Wednesday, May 7th. The company reported ($0.58) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.61) by $0.03. The company had revenue of $862.50 million for the quarter, compared to analyst estimates of $983.23 million. The business’s revenue was down 9.3% compared to the same quarter last year. During the same quarter last year, the company earned ($0.62) EPS. On average, analysts expect that AMC Entertainment Holdings, Inc. will post -1.38 EPS for the current year.

Analyst Ratings Changes

AMC has been the subject of several recent research reports. Roth Mkm reduced their price target on shares of AMC Entertainment from $3.25 to $3.00 and set a “neutral” rating for the company in a report on Wednesday, April 16th. StockNews.com raised shares of AMC Entertainment to a “sell” rating in a research note on Saturday, February 22nd. Benchmark reiterated a “hold” rating on shares of AMC Entertainment in a report on Monday, March 3rd. Macquarie restated a “neutral” rating and set a $4.00 price objective on shares of AMC Entertainment in a research note on Wednesday, February 26th. Finally, Citigroup reiterated a “sell” rating and issued a $2.30 target price (down previously from $2.80) on shares of AMC Entertainment in a research note on Thursday, April 24th. Three investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, AMC Entertainment has an average rating of “Hold” and an average target price of $4.65.

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.