AMC Entertainment Holdings, Inc. (NYSE:AMC) Shares Sold by Tidal Investments LLC

Tidal Investments LLC trimmed its stake in shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) by 10.8% during the 3rd quarter, Holdings Channel reports. The fund owned 24,696 shares of the company’s stock after selling 2,988 shares during the quarter. Tidal Investments LLC’s holdings in AMC Entertainment were worth $112,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Sanctuary Advisors LLC acquired a new stake in shares of AMC Entertainment during the 3rd quarter worth approximately $72,000. Virtu Financial LLC purchased a new stake in AMC Entertainment during the third quarter worth $893,000. Geode Capital Management LLC grew its position in AMC Entertainment by 12.1% during the third quarter. Geode Capital Management LLC now owns 8,047,182 shares of the company’s stock valued at $36,622,000 after buying an additional 866,757 shares during the period. XTX Topco Ltd purchased a new position in AMC Entertainment in the third quarter valued at $484,000. Finally, State Street Corp raised its position in shares of AMC Entertainment by 14.6% in the third quarter. State Street Corp now owns 7,353,442 shares of the company’s stock worth $33,458,000 after acquiring an additional 936,618 shares during the period. 28.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AMC has been the subject of several recent analyst reports. StockNews.com upgraded AMC Entertainment to a “sell” rating in a research note on Tuesday, November 12th. B. Riley cut their price objective on AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. Macquarie reiterated an “underperform” rating and set a $4.00 target price on shares of AMC Entertainment in a research report on Wednesday, November 13th. Finally, Benchmark reissued a “hold” rating on shares of AMC Entertainment in a report on Thursday, November 7th. Four investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company. According to MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $5.44.

AMC Entertainment Price Performance

Shares of NYSE:AMC opened at $4.06 on Thursday. The business’s 50 day moving average price is $4.47 and its 200-day moving average price is $4.73. AMC Entertainment Holdings, Inc. has a 1 year low of $2.38 and a 1 year high of $11.88. The firm has a market capitalization of $1.53 billion, a PE ratio of -2.52 and a beta of 1.85.

AMC Entertainment (NYSE:AMC) last released its earnings results on Wednesday, November 6th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.03. The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.33 billion. AMC Entertainment’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.09) EPS. As a group, analysts expect that AMC Entertainment Holdings, Inc. will post -1.41 earnings per share 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.