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

Bayesian Capital Management LP lessened its holdings in shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) by 44.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 50,604 shares of the company’s stock after selling 40,696 shares during the quarter. Bayesian Capital Management LP’s holdings in AMC Entertainment were worth $188,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Russell Investments Group Ltd. acquired a new position in AMC Entertainment during the fourth quarter worth about $34,000. Mayflower Financial Advisors LLC acquired a new position in shares of AMC Entertainment during the 1st quarter worth approximately $37,000. Powell Investment Advisors LLC purchased a new stake in shares of AMC Entertainment in the first quarter valued at approximately $55,000. Tower Research Capital LLC TRC increased its holdings in shares of AMC Entertainment by 817.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 9,945 shares of the company’s stock valued at $61,000 after purchasing an additional 8,861 shares during the last quarter. Finally, Eudaimonia Partners LLC purchased a new position in AMC Entertainment during the fourth quarter worth approximately $71,000. Hedge funds and other institutional investors own 28.80% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on AMC. Macquarie upped their target price on AMC Entertainment from $3.50 to $4.00 and gave the company an “underperform” rating in a report on Tuesday, July 9th. Citigroup upped their price objective on shares of AMC Entertainment from $3.10 to $3.20 and gave the company a “sell” rating in a report on Tuesday, May 14th. Finally, Wedbush lifted their target price on shares of AMC Entertainment from $3.50 to $4.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 23rd. Five investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $5.37.

AMC Entertainment Price Performance

AMC Entertainment stock opened at $5.12 on Friday. The company’s 50 day simple moving average is $5.00 and its 200-day simple moving average is $4.34. AMC Entertainment Holdings, Inc. has a 1 year low of $2.38 and a 1 year high of $54.60.

AMC Entertainment (NYSE:AMC) last released its quarterly earnings results on Wednesday, May 8th. The company reported ($0.78) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.62) by ($0.16). The firm had revenue of $951.40 million for the quarter, compared to analyst estimates of $951.40 million. Analysts predict that AMC Entertainment Holdings, Inc. will post -0.48 earnings per share for the current fiscal year.

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.