Fund 1 Investments LLC Buys Shares of 2,206,321 AMC Entertainment Holdings, Inc. $AMC

Key Points

• Fund 1 Investments LLC bought 2,206,321 AMC shares worth approximately $4.19 million, making AMC 0.7% of its portfolio and representing a 0.25% ownership stake.
• Other institutional investors also increased or initiated positions, bringing hedge funds’ and institutional investors’ combined ownership to 28.8% of AMC.
• AMC reported quarterly EPS of $0.14, exceeding estimates of a $0.03 loss, while revenue reached $1.60 billion. Analysts maintain a consensus “Hold” rating with an average price target of $2.53.

Fund 1 Investments LLC purchased a new position in AMC Entertainment Holdings, Inc. (NYSE:AMC - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 2,206,321 shares of the company's stock, valued at approximately $4,192,000. AMC Entertainment comprises approximately 0.7% of Fund 1 Investments LLC's portfolio, making the stock its 25th largest position. Fund 1 Investments LLC owned 0.25% of AMC Entertainment as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Summit Asset Management LLC purchased a new position in AMC Entertainment in the 2nd quarter valued at $28,000. Triumph Capital Management boosted its stake in AMC Entertainment by 139.0% during the 4th quarter. Triumph Capital Management now owns 19,000 shares of the company's stock worth $30,000 after purchasing an additional 11,050 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of AMC Entertainment by 90.7% during the first quarter. Royal Bank of Canada now owns 33,657 shares of the company's stock worth $33,000 after buying an additional 16,011 shares in the last quarter. Pitcairn Co. purchased a new stake in shares of AMC Entertainment during the second quarter worth $34,000. Finally, Powell Investment Advisors LLC acquired a new stake in shares of AMC Entertainment in the fourth quarter valued at about $39,000. 28.80% of the stock is currently owned by hedge funds and other institutional investors.

AMC Entertainment Stock Down 0.8%

NYSE:AMC opened at $2.63 on Thursday. AMC Entertainment Holdings, Inc. has a 52 week low of $0.93 and a 52 week high of $3.18. The stock's fifty day moving average is $2.33 and its two-hundred day moving average is $1.75. The stock has a market capitalization of $2.35 billion, a price-to-earnings ratio of -2.46 and a beta of 2.06.

AMC Entertainment (NYSE:AMC - Get Free Report) last posted its quarterly earnings results on Monday, July 20th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.17. The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.50 billion. On average, sell-side analysts expect that AMC Entertainment Holdings, Inc. will post -0.2 EPS for the current fiscal year.

Analyst Ratings Changes

AMC has been the topic of several research reports. Benchmark reissued a "buy" rating and issued a $3.00 price target (up from $2.50) on shares of AMC Entertainment in a research note on Tuesday, July 21st. Roth Capital set a $1.50 price objective on shares of AMC Entertainment in a report on Tuesday, May 19th. Needham & Company LLC set a $3.50 target price on shares of AMC Entertainment in a research note on Tuesday, July 21st. Wedbush restated an "outperform" rating and issued a $4.00 price target (up from $3.00) on shares of AMC Entertainment in a research report on Tuesday, July 21st. Finally, Wall Street Zen raised AMC Entertainment from a "strong sell" rating to a "hold" rating in a report on Saturday, May 9th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $2.53.

AMC Entertainment Profile

AMC Entertainment Holdings, Inc operates as a leading movie exhibition company, specializing in the presentation of theatrical motion pictures across a network of multiplex cinemas. The company's core business activities encompass ticket sales, concession and refreshment services, and the licensing of premium viewing formats. AMC offers a variety of auditorium experiences, including IMAX®, Dolby Cinema™, and Cinemark's RealD 3D systems, designed to enhance audience engagement through superior sound, visual clarity, and seating comfort.

Originally founded in 1920 with its first theatre in Kansas City, AMC has evolved into one of the largest theater chains in the world.

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