AMC Entertainment Holdings, Inc. $AMC Holdings Lifted by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP raised its position in AMC Entertainment Holdings, Inc. (NYSE:AMC - Free Report) by 736.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,033,874 shares of the company's stock after purchasing an additional 910,214 shares during the period. Fulcrum Asset Management LLP owned 0.12% of AMC Entertainment worth $3,184,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of AMC. Candriam S.C.A. acquired a new position in shares of AMC Entertainment during the third quarter worth $134,000. StoneX Group Inc. purchased a new stake in AMC Entertainment during the 3rd quarter worth about $44,000. Pictet Asset Management Holding SA lifted its holdings in AMC Entertainment by 53.8% during the 3rd quarter. Pictet Asset Management Holding SA now owns 133,883 shares of the company's stock worth $402,000 after buying an additional 46,849 shares during the last quarter. Alta Advisers Ltd purchased a new stake in AMC Entertainment during the 3rd quarter worth about $38,000. Finally, Kestra Advisory Services LLC boosted its position in shares of AMC Entertainment by 24.6% during the 3rd quarter. Kestra Advisory Services LLC now owns 17,162 shares of the company's stock worth $51,000 after acquiring an additional 3,393 shares in the last quarter. 28.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AMC has been the topic of a number of recent analyst reports. Wedbush reiterated an "outperform" rating and issued a $4.00 price objective (up from $3.00) on shares of AMC Entertainment in a report on Tuesday, July 21st. Weiss Ratings raised AMC Entertainment from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Monday, August 31st. Citigroup upped their price target on AMC Entertainment from $2.20 to $2.60 and gave the company a "sell" rating in a report on Friday. Needham & Company LLC set a $3.50 price target on shares of AMC Entertainment in a research note on Tuesday, July 21st. Finally, Roth Capital reiterated a "neutral" rating on shares of AMC Entertainment in a research note on Friday, October 23rd. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, AMC Entertainment presently has a consensus rating of "Moderate Buy" and an average price target of $2.73.

AMC Entertainment Price Performance

AMC Entertainment stock opened at $3.38 on Tuesday. AMC Entertainment Holdings, Inc. has a fifty-two week low of $0.93 and a fifty-two week high of $3.77. The stock has a 50-day simple moving average of $2.88 and a 200-day simple moving average of $2.03.

AMC Entertainment (NYSE:AMC - Get Free Report) last released its quarterly earnings results on Wednesday, November 4th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.09 by $0.04. The firm had revenue of $1.71 billion for the quarter, compared to analysts' expectations of $1.66 billion. During the same quarter in the prior year, the business earned ($0.21) EPS. The company's quarterly revenue was up 31.6% compared to the same quarter last year. On average, research analysts anticipate that AMC Entertainment Holdings, Inc. will post -0.11 earnings per share for the current fiscal year.

AMC Entertainment Profile

AMC Entertainment Holdings, Inc operates movie theaters that show films and other content, including special-event programming. Its theaters offer services such as reserved seating, online ticketing, and food and beverage sales, with amenities and premium formats varying by location.

The company serves audiences in the United States and Europe through brands including AMC, ODEON, and Nordic Cinema. Its history dates to 1920, when the Dubinsky brothers began operating theaters in the Kansas City area.

AMC also offers its AMC Stubs customer loyalty program, which includes subscription options for frequent moviegoers.

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