Bank of New York Mellon Corp Has $3.07 Million Stock Position in AMC Entertainment Holdings, Inc. (NYSE:AMC)

Bank of New York Mellon Corp increased its stake in shares of AMC Entertainment Holdings, Inc. (NYSE:AMC - Free Report) by 12.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,069,693 shares of the company's stock after buying an additional 121,905 shares during the period. Bank of New York Mellon Corp owned 0.25% of AMC Entertainment worth $3,070,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Tidal Investments LLC lifted its position in AMC Entertainment by 15.7% during the 4th quarter. Tidal Investments LLC now owns 28,581 shares of the company's stock valued at $114,000 after purchasing an additional 3,885 shares during the period. State of Wyoming lifted its position in AMC Entertainment by 10.8% during the 4th quarter. State of Wyoming now owns 58,213 shares of the company's stock valued at $232,000 after purchasing an additional 5,661 shares during the period. MetLife Investment Management LLC lifted its position in AMC Entertainment by 3.7% during the 4th quarter. MetLife Investment Management LLC now owns 199,886 shares of the company's stock valued at $796,000 after purchasing an additional 7,060 shares during the period. Principal Financial Group Inc. lifted its position in AMC Entertainment by 39.0% during the 1st quarter. Principal Financial Group Inc. now owns 26,787 shares of the company's stock valued at $77,000 after purchasing an additional 7,519 shares during the period. Finally, Traphagen Investment Advisors LLC lifted its position in AMC Entertainment by 48.1% during the 1st quarter. Traphagen Investment Advisors LLC now owns 23,756 shares of the company's stock valued at $68,000 after purchasing an additional 7,720 shares during the period. Institutional investors and hedge funds own 28.80% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on AMC shares. Citigroup reiterated a "sell" rating and issued a $2.60 price target (up from $2.30) on shares of AMC Entertainment in a research report on Thursday, May 29th. Wedbush upgraded shares of AMC Entertainment from a "neutral" rating to an "outperform" rating and increased their price target for the company from $3.00 to $4.00 in a research report on Friday, July 11th. Roth Mkm cut their price target on shares of 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, B. Riley started coverage on shares of AMC Entertainment in a research report on Friday, May 16th. They issued a "neutral" rating and a $3.00 price target on the stock. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $4.26.

AMC Entertainment Price Performance

AMC Entertainment stock opened at $3.24 on Friday. The stock's 50 day moving average is $3.20 and its 200 day moving average is $3.11. The firm has a market cap of $1.40 billion, a P/E ratio of -3.30 and a beta of 1.43. AMC Entertainment Holdings, Inc. has a one year low of $2.45 and a one year high of $5.56.

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

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