Burns Matteson Capital Management LLC Takes Position in AMC Entertainment Holdings, Inc. (NYSE:AMC)

Burns Matteson Capital Management LLC bought a new stake in AMC Entertainment Holdings, Inc. (NYSE:AMC) in the third quarter, HoldingsChannel.com reports. The institutional investor bought 11,995 shares of the company’s stock, valued at approximately $55,000.

Several other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in AMC Entertainment by 22.9% in the first quarter. Vanguard Group Inc. now owns 24,804,669 shares of the company’s stock valued at $92,273,000 after purchasing an additional 4,617,007 shares during the last quarter. Renaissance Technologies LLC raised its holdings in AMC Entertainment by 18.2% during the 2nd quarter. Renaissance Technologies LLC now owns 10,285,826 shares of the company’s stock valued at $51,223,000 after buying an additional 1,585,430 shares during the last quarter. Marshall Wace LLP purchased a new stake in AMC Entertainment during the 2nd quarter valued at $6,775,000. SG Americas Securities LLC grew its holdings in AMC Entertainment by 1,894.0% in the 2nd quarter. SG Americas Securities LLC now owns 1,121,025 shares of the company’s stock worth $5,583,000 after acquiring an additional 1,064,805 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in AMC Entertainment by 92.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,086,600 shares of the company’s stock worth $5,411,000 after acquiring an additional 522,063 shares during the last quarter. 28.80% of the stock is currently owned by hedge funds and other institutional investors.

AMC Entertainment Stock Down 0.5 %

NYSE AMC opened at $4.17 on Friday. The firm has a market capitalization of $1.23 billion, a PE ratio of -3.28 and a beta of 1.80. The stock’s 50 day moving average is $4.76 and its 200 day moving average is $4.49. AMC Entertainment Holdings, Inc. has a twelve month low of $2.38 and a twelve month high of $11.88.

AMC Entertainment (NYSE:AMC) last released its earnings results on Friday, August 2nd. The company reported ($0.43) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.43). The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. The firm’s revenue was down 23.1% on a year-over-year basis. On average, research analysts anticipate that AMC Entertainment Holdings, Inc. will post -1.34 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on AMC. Wedbush reiterated a “neutral” rating and set a $4.00 target price on shares of AMC Entertainment in a report on Monday, August 5th. Morgan Stanley dropped their price objective on AMC Entertainment from $11.00 to $10.00 and set an “underweight” rating for the company in a report on Monday, August 12th. Macquarie boosted their target price on AMC Entertainment from $3.50 to $4.00 and gave the company an “underperform” rating in a research note on Tuesday, July 9th. Finally, Benchmark restated a “hold” rating on shares of AMC Entertainment in a report on Monday, August 5th. Four equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $5.70.

AMC Entertainment 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.