Cresset Asset Management LLC Invests $88,000 in AMC Entertainment Holdings, Inc. (NYSE:AMC)

Cresset Asset Management LLC purchased a new position in AMC Entertainment Holdings, Inc. (NYSE:AMC) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 22,016 shares of the company’s stock, valued at approximately $88,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Skandinaviska Enskilda Banken AB publ grew its stake in shares of AMC Entertainment by 68.3% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 15,947 shares of the company’s stock worth $63,000 after purchasing an additional 6,473 shares in the last quarter. MetLife Investment Management LLC grew its stake in shares of AMC Entertainment by 3.7% in the fourth quarter. MetLife Investment Management LLC now owns 199,886 shares of the company’s stock worth $796,000 after purchasing an additional 7,060 shares in the last quarter. Meridian Wealth Management LLC grew its stake in shares of AMC Entertainment by 61.4% in the fourth quarter. Meridian Wealth Management LLC now owns 25,254 shares of the company’s stock worth $101,000 after purchasing an additional 9,605 shares in the last quarter. Sterling Capital Management LLC grew its stake in shares of AMC Entertainment by 831.5% in the fourth quarter. Sterling Capital Management LLC now owns 10,843 shares of the company’s stock worth $43,000 after purchasing an additional 9,679 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of AMC Entertainment by 1.3% in the fourth quarter. Invesco Ltd. now owns 777,765 shares of the company’s stock worth $3,096,000 after purchasing an additional 10,337 shares in the last quarter. Institutional investors own 28.80% of the company’s stock.

AMC Entertainment Trading Up 4.8%

NYSE AMC opened at $2.95 on Monday. The stock’s 50-day moving average price is $2.82 and its two-hundred day moving average price is $3.52. The company has a market cap of $1.27 billion, a PE ratio of -1.83 and a beta of 1.41. AMC Entertainment Holdings, Inc. has a 1 year low of $2.45 and a 1 year high of $5.96.

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, topping 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. AMC Entertainment’s quarterly revenue was down 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.62) EPS. Research analysts forecast that AMC Entertainment Holdings, Inc. will post -1.38 EPS for the current fiscal year.

Analysts Set New Price Targets

AMC has been the topic of a number of research analyst reports. Benchmark reaffirmed a “hold” rating on shares of AMC Entertainment in a report on Monday, March 3rd. Roth Capital set a $3.25 price target on shares of AMC Entertainment in a research report on Tuesday, February 4th. B. Riley started coverage on shares of AMC Entertainment in a research report on Friday. They issued a “neutral” rating and a $3.00 price target on the stock. Roth Mkm dropped their price target on shares of AMC Entertainment from $3.25 to $3.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 16th. Finally, StockNews.com upgraded shares of AMC Entertainment to a “sell” rating in a research report on Saturday, February 22nd. Three equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $4.22.

About AMC Entertainment

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.