Headlands Technologies LLC Buys Shares of 864,561 AMC Entertainment Holdings, Inc. $AMC

Key Points

• Headlands Technologies acquired 864,561 AMC shares worth approximately $1.64 million during the second quarter, giving it about a 0.10% stake.
• Several institutional investors also increased their AMC holdings, while institutional ownership stood at 28.8% of outstanding shares.
• AMC shares rose 1.9% to $2.64; analysts maintained a consensus “Hold” rating with a $2.53 price target, despite mixed recommendations ranging from “Sell” to “Strong Buy.”

Headlands Technologies LLC purchased a new position in shares of AMC Entertainment Holdings, Inc. (NYSE:AMC - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 864,561 shares of the company's stock, valued at approximately $1,643,000. Headlands Technologies LLC owned approximately 0.10% of AMC Entertainment at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in AMC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in AMC Entertainment by 21.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 240,255 shares of the company's stock worth $690,000 after buying an additional 41,860 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of AMC Entertainment by 30.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 710,181 shares of the company's stock valued at $2,038,000 after acquiring an additional 164,740 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of AMC Entertainment by 19.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,820,405 shares of the company's stock valued at $5,643,000 after acquiring an additional 300,376 shares during the period. Prudential Financial Inc. raised its position in shares of AMC Entertainment by 89.6% in the 2nd quarter. Prudential Financial Inc. now owns 55,685 shares of the company's stock worth $173,000 after acquiring an additional 26,310 shares in the last quarter. Finally, Hsbc Holdings PLC raised its position in shares of AMC Entertainment by 9.2% in the 2nd quarter. Hsbc Holdings PLC now owns 102,506 shares of the company's stock worth $315,000 after acquiring an additional 8,629 shares in the last quarter. 28.80% of the stock is currently owned by institutional investors.

AMC Entertainment Trading Up 1.9%

Shares of NYSE:AMC opened at $2.64 on Tuesday. AMC Entertainment Holdings, Inc. has a twelve month low of $0.93 and a twelve month high of $3.18. The company's 50 day moving average is $2.32 and its 200 day moving average is $1.78. The company has a market cap of $2.36 billion, a PE ratio of -2.47 and a beta of 2.06.

AMC Entertainment (NYSE:AMC - Get Free Report) last released its quarterly earnings data on Monday, July 20th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.17. The business had revenue of $1.60 billion during the quarter, compared to analysts' expectations of $1.50 billion. Equities research analysts predict that AMC Entertainment Holdings, Inc. will post -0.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. B. Riley Financial reiterated a "neutral" rating and issued a $2.50 target price (up from $2.25) on shares of AMC Entertainment in a research note on Wednesday, July 22nd. Citigroup reissued a "sell" rating on shares of AMC Entertainment in a research report 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 report on Tuesday, July 21st. Roth Capital set a $1.50 price objective on shares of AMC Entertainment in a research report on Tuesday, May 19th. Finally, Texas Capital upgraded shares of AMC Entertainment from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, AMC Entertainment currently has a consensus rating of "Hold" and a consensus 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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