AMC Entertainment Holdings, Inc. (NYSE:AMC) Shares Sold by KBC Group NV

KBC Group NV decreased its position in shares of AMC Entertainment Holdings, Inc. (NYSE:AMC - Free Report) by 97.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,884 shares of the company's stock after selling 632,257 shares during the period. KBC Group NV's holdings in AMC Entertainment were worth $46,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of AMC Entertainment by 4.4% during the fourth quarter. Vanguard Group Inc. now owns 36,854,559 shares of the company's stock worth $146,681,000 after purchasing an additional 1,558,554 shares during the last quarter. Geode Capital Management LLC raised its stake in AMC Entertainment by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 8,271,059 shares of the company's stock valued at $32,927,000 after buying an additional 223,877 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in AMC Entertainment by 8.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,032,519 shares of the company's stock worth $16,049,000 after buying an additional 327,019 shares during the last quarter. Northern Trust Corp lifted its holdings in AMC Entertainment by 12.6% during the 4th quarter. Northern Trust Corp now owns 3,318,281 shares of the company's stock worth $13,207,000 after buying an additional 370,408 shares during the last quarter. Finally, Marshall Wace LLP grew its position in shares of AMC Entertainment by 85.4% in the 4th quarter. Marshall Wace LLP now owns 2,801,788 shares of the company's stock worth $11,151,000 after acquiring an additional 1,290,376 shares in the last quarter. Institutional investors and hedge funds own 28.80% of the company's stock.

AMC Entertainment Stock Performance

Shares of AMC Entertainment stock traded up $0.07 during trading on Thursday, hitting $3.02. 9,151,531 shares of the stock were exchanged, compared to its average volume of 11,230,289. AMC Entertainment Holdings, Inc. has a 12 month low of $2.45 and a 12 month high of $5.76. The stock's fifty day moving average is $3.06 and its 200 day moving average is $3.16. The stock has a market cap of $1.30 billion, a PE ratio of -3.08 and a beta of 1.43.

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

Wall Street Analyst Weigh In

Several research firms recently issued reports on AMC. Roth Mkm dropped their price target 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. B. Riley started coverage on shares of AMC Entertainment in a report on Friday, May 16th. They set a "neutral" rating and a $3.00 target price on the stock. Finally, Citigroup restated 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. Three equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $4.26.

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.