Balyasny Asset Management L.P. Invests $3.65 Million in AMC Entertainment Holdings, Inc. (NYSE:AMC)

Balyasny Asset Management L.P. bought a new stake in AMC Entertainment Holdings, Inc. (NYSE:AMC - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 915,980 shares of the company's stock, valued at approximately $3,646,000. Balyasny Asset Management L.P. owned about 0.24% of AMC Entertainment at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Sterling Capital Management LLC lifted its position in AMC Entertainment by 831.5% in the 4th quarter. Sterling Capital Management LLC now owns 10,843 shares of the company's stock valued at $43,000 after purchasing an additional 9,679 shares during the last quarter. Skandinaviska Enskilda Banken AB publ increased its holdings in shares of AMC Entertainment by 68.3% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 15,947 shares of the company's stock valued at $63,000 after purchasing an additional 6,473 shares during the period. Traphagen Investment Advisors LLC acquired a new position in AMC Entertainment in the 4th quarter valued at approximately $64,000. Raymond James Financial Inc. acquired a new stake in shares of AMC Entertainment during the 4th quarter valued at $96,000. Finally, Meridian Wealth Management LLC boosted its position in AMC Entertainment by 61.4% during the fourth quarter. Meridian Wealth Management LLC now owns 25,254 shares of the company's stock valued at $101,000 after purchasing an additional 9,605 shares during the last quarter. Hedge funds and other institutional investors own 28.80% of the company's stock.

Wall Street Analyst Weigh In

AMC has been the subject of several recent research reports. Roth Mkm decreased their target price on shares of AMC Entertainment from $3.25 to $3.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Citigroup reiterated a "sell" rating and set a $2.30 price target (down previously from $2.80) on shares of AMC Entertainment in a research note on Thursday, April 24th. StockNews.com raised shares of AMC Entertainment to a "sell" rating in a research report on Saturday, February 22nd. Macquarie restated a "neutral" rating and set a $4.00 price target on shares of AMC Entertainment in a report on Wednesday, February 26th. Finally, Benchmark reiterated a "hold" rating on shares of AMC Entertainment in a research note on Monday, March 3rd. Three research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $4.65.

AMC Entertainment Stock Performance

AMC traded up $0.05 during mid-day trading on Thursday, reaching $2.79. The stock had a trading volume of 7,357,133 shares, compared to its average volume of 17,780,406. The stock has a market capitalization of $1.21 billion, a P/E ratio of -1.73 and a beta of 1.41. AMC Entertainment Holdings, Inc. has a 52 week low of $2.45 and a 52 week high of $6.60. The firm's fifty day simple moving average is $2.83 and its two-hundred day simple moving average is $3.56.

AMC Entertainment (NYSE:AMC - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported ($0.58) earnings per share for the quarter, topping analysts' consensus estimates of ($0.61) by $0.03. The business had revenue of $862.50 million for the quarter, compared to the consensus estimate of $983.23 million. During the same period last year, the firm earned ($0.62) earnings per share. The company's quarterly revenue was down 9.3% on a year-over-year basis. As a group, analysts expect that AMC Entertainment Holdings, Inc. will post -1.38 EPS 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.