Bank of America Corp DE Cuts Stock Position in AMC Entertainment Holdings, Inc. (NYSE:AMC)

Bank of America Corp DE trimmed its holdings in AMC Entertainment Holdings, Inc. (NYSE:AMC - Free Report) by 26.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,186,061 shares of the company's stock after selling 2,205,996 shares during the quarter. Bank of America Corp DE owned about 1.65% of AMC Entertainment worth $24,621,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Sterling Capital Management LLC boosted its holdings in shares of AMC Entertainment by 831.5% during the 4th quarter. Sterling Capital Management LLC now owns 10,843 shares of the company's stock valued at $43,000 after acquiring an additional 9,679 shares during the last quarter. Skandinaviska Enskilda Banken AB publ boosted its stake in AMC Entertainment by 68.3% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 15,947 shares of the company's stock worth $63,000 after buying an additional 6,473 shares during the period. Traphagen Investment Advisors LLC purchased a new stake in AMC Entertainment in the fourth quarter worth about $64,000. Raymond James Financial Inc. purchased a new stake in AMC Entertainment in the fourth quarter worth about $96,000. Finally, Meridian Wealth Management LLC increased its holdings in shares of 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 acquiring an additional 9,605 shares in the last quarter. 28.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

AMC has been the topic of a number of recent research reports. B. Riley initiated coverage on AMC Entertainment in a research report on Friday, May 16th. They issued a "neutral" rating and a $3.00 target price on the stock. Roth Capital set a $3.25 target price on AMC Entertainment in a research report on Tuesday, February 4th. Wall Street Zen upgraded AMC Entertainment to a "sell" rating in a research report on Saturday, February 22nd. Roth Mkm dropped their target price on AMC Entertainment from $3.25 to $3.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. Finally, Benchmark reiterated a "hold" rating on shares of AMC Entertainment in a research report on Monday, March 3rd. Three equities research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $4.22.

AMC Entertainment Trading Up 0.4%

AMC Entertainment stock traded up $0.01 during mid-day trading on Friday, hitting $3.25. The company had a trading volume of 14,653,531 shares, compared to its average volume of 14,877,171. AMC Entertainment Holdings, Inc. has a 12-month low of $2.45 and a 12-month high of $5.96. The company's fifty day moving average is $2.83 and its 200-day moving average is $3.47. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of -2.02 and a beta of 1.41.

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

About AMC Entertainment

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.