SG Americas Securities LLC Grows Stock Position in AMC Entertainment Holdings, Inc. (NYSE:AMC)

SG Americas Securities LLC grew its position in AMC Entertainment Holdings, Inc. (NYSE:AMC) by 1,894.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,121,025 shares of the company’s stock after acquiring an additional 1,064,805 shares during the quarter. SG Americas Securities LLC owned about 0.38% of AMC Entertainment worth $5,583,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. acquired a new position in AMC Entertainment during the fourth quarter worth $34,000. Mayflower Financial Advisors LLC acquired a new position in AMC Entertainment during the first quarter worth $37,000. Powell Investment Advisors LLC acquired a new position in AMC Entertainment during the first quarter worth $55,000. Tower Research Capital LLC TRC boosted its stake in AMC Entertainment by 817.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 9,945 shares of the company’s stock worth $61,000 after buying an additional 8,861 shares during the last quarter. Finally, Eudaimonia Partners LLC acquired a new position in AMC Entertainment during the fourth quarter worth $71,000. Hedge funds and other institutional investors own 28.80% of the company’s stock.

Analysts Set New Price Targets

AMC has been the topic of a number of research analyst reports. Macquarie lifted their target price on AMC Entertainment from $3.50 to $4.00 and gave the company an “underperform” rating in a research report on Tuesday, July 9th. Citigroup lifted their target price on AMC Entertainment from $3.10 to $3.20 and gave the company a “sell” rating in a research report on Tuesday, May 14th. Benchmark restated a “hold” rating on shares of AMC Entertainment in a research report on Monday, August 5th. Finally, Wedbush restated a “neutral” rating and issued a $4.00 target price on shares of AMC Entertainment in a research report on Monday, August 5th. Five research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $5.37.

AMC Entertainment Stock Down 1.6 %

NYSE AMC traded down $0.08 during trading hours on Friday, hitting $5.00. 8,433,463 shares of the company were exchanged, compared to its average volume of 33,655,289. The company has a 50 day moving average of $5.04 and a two-hundred day moving average of $4.37. AMC Entertainment Holdings, Inc. has a 52-week low of $2.38 and a 52-week high of $52.80. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of -3.94 and a beta of 1.84.

AMC Entertainment (NYSE:AMC) last released its quarterly earnings data on Friday, August 2nd. The company reported ($0.43) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.43). The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. The firm’s quarterly revenue was down 23.1% on a year-over-year basis. On average, equities research analysts predict that AMC Entertainment Holdings, Inc. will post -0.48 EPS for the current 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.