AMC Entertainment Holdings, Inc. (NYSE:AMC) Shares Acquired by State Street Corp

State Street Corp lifted its holdings in AMC Entertainment Holdings, Inc. (NYSE:AMC) by 14.6% during the third quarter, Holdings Channel reports. The institutional investor owned 7,353,442 shares of the company’s stock after purchasing an additional 936,618 shares during the quarter. State Street Corp’s holdings in AMC Entertainment were worth $33,458,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AMC. Renaissance Technologies LLC grew its stake in shares of AMC Entertainment by 18.2% during the 2nd quarter. Renaissance Technologies LLC now owns 10,285,826 shares of the company’s stock worth $51,223,000 after purchasing an additional 1,585,430 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in AMC Entertainment by 153.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,705,500 shares of the company’s stock worth $16,860,000 after buying an additional 2,243,052 shares in the last quarter. Marshall Wace LLP acquired a new position in AMC Entertainment during the second quarter worth about $6,775,000. Bank of New York Mellon Corp grew its position in AMC Entertainment by 92.5% during the second quarter. Bank of New York Mellon Corp now owns 1,086,600 shares of the company’s stock worth $5,411,000 after buying an additional 522,063 shares during the period. Finally, Susquehanna Fundamental Investments LLC increased its holdings in AMC Entertainment by 45.3% in the second quarter. Susquehanna Fundamental Investments LLC now owns 496,252 shares of the company’s stock valued at $2,471,000 after buying an additional 154,756 shares in the last quarter. Institutional investors and hedge funds own 28.80% of the company’s stock.

Analyst Upgrades and Downgrades

AMC has been the topic of a number of research reports. Macquarie restated an “underperform” rating and issued a $4.00 price target on shares of AMC Entertainment in a report on Wednesday, November 13th. B. Riley lowered their target price on AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. StockNews.com raised AMC Entertainment to a “sell” rating in a research note on Tuesday, November 12th. Finally, Benchmark restated a “hold” rating on shares of AMC Entertainment in a research report on Thursday, November 7th. Four research analysts have rated the stock with a sell rating and three have given a hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $5.44.

AMC Entertainment Stock Up 2.2 %

NYSE:AMC opened at $4.18 on Friday. AMC Entertainment Holdings, Inc. has a fifty-two week low of $2.38 and a fifty-two week high of $11.88. The company has a market cap of $1.57 billion, a P/E ratio of -2.60 and a beta of 1.85. The firm’s 50 day moving average is $4.47 and its two-hundred day moving average is $4.75.

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

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.