UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.69 Million Holdings in AMC Entertainment Holdings, Inc. (NYSE:AMC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) by 8.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 371,592 shares of the company’s stock after selling 35,762 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in AMC Entertainment were worth $1,691,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Amalgamated Bank boosted its stake in AMC Entertainment by 31.5% during the third quarter. Amalgamated Bank now owns 11,568 shares of the company’s stock worth $53,000 after acquiring an additional 2,771 shares in the last quarter. Private Advisor Group LLC boosted its position in shares of AMC Entertainment by 27.5% during the 3rd quarter. Private Advisor Group LLC now owns 15,011 shares of the company’s stock worth $68,000 after purchasing an additional 3,237 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of AMC Entertainment by 10.3% in the 2nd quarter. Victory Capital Management Inc. now owns 38,050 shares of the company’s stock valued at $189,000 after buying an additional 3,553 shares during the period. Waldron Private Wealth LLC increased its position in AMC Entertainment by 47.0% in the 2nd quarter. Waldron Private Wealth LLC now owns 17,071 shares of the company’s stock valued at $85,000 after buying an additional 5,459 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in AMC Entertainment by 14.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,228 shares of the company’s stock worth $230,000 after buying an additional 5,902 shares during the period. Institutional investors and hedge funds own 28.80% of the company’s stock.

AMC Entertainment Trading Down 3.0 %

Shares of AMC Entertainment stock opened at $4.06 on Tuesday. The company has a market capitalization of $1.52 billion, a P/E ratio of -2.52 and a beta of 1.85. The stock has a fifty day simple moving average of $4.47 and a 200 day simple moving average of $4.77. AMC Entertainment Holdings, Inc. has a 12-month low of $2.38 and a 12-month high of $11.88.

AMC Entertainment (NYSE:AMC) last posted its earnings results on Wednesday, November 6th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.03. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.33 billion. The business’s revenue was down 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.09) EPS. On average, analysts predict that AMC Entertainment Holdings, Inc. will post -1.41 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on AMC shares. Benchmark reissued a “hold” rating on shares of AMC Entertainment in a research note on Thursday, November 7th. StockNews.com raised shares of AMC Entertainment to a “sell” rating in a research report on Tuesday, November 12th. B. Riley decreased their price target on shares of AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. Finally, Macquarie reaffirmed an “underperform” rating and issued a $4.00 price objective on shares of AMC Entertainment in a research note on Wednesday, November 13th. Four analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. Based on data from MarketBeat.com, AMC Entertainment presently has a consensus rating of “Reduce” and an average price target of $5.44.

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.