KBC Group NV Decreases Position in AMC Entertainment Holdings, Inc. (NYSE:AMC)

KBC Group NV reduced its stake in shares of AMC Entertainment Holdings, Inc. (NYSE:AMC - Free Report) by 97.5% during the 1st quarter, according to its most recent 13F filing with the 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 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of AMC. Legacy Financial Strategies LLC acquired a new stake in shares of AMC Entertainment during the first quarter worth $29,000. Sterling Capital Management LLC increased its position in shares of AMC Entertainment by 831.5% in the fourth quarter. Sterling Capital Management LLC now owns 10,843 shares of the company's stock worth $43,000 after purchasing an additional 9,679 shares during the period. Sowell Financial Services LLC bought a new position in shares of AMC Entertainment in the first quarter worth $36,000. Skandinaviska Enskilda Banken AB publ increased its position in shares of AMC Entertainment by 68.3% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 15,947 shares of the company's stock worth $63,000 after purchasing an additional 6,473 shares during the period. Finally, Abacus Planning Group Inc. bought a new position in shares of AMC Entertainment in the first quarter worth $47,000. 28.80% of the stock is currently owned by institutional investors and hedge funds.

AMC Entertainment Trading Up 11.7%

Shares of AMC stock traded up $0.35 during trading hours on Friday, reaching $3.35. The company's stock had a trading volume of 34,651,884 shares, compared to its average volume of 11,306,000. The stock has a market capitalization of $1.45 billion, a P/E ratio of -3.42 and a beta of 1.43. AMC Entertainment Holdings, Inc. has a one year low of $2.45 and a one year high of $5.76. The firm's fifty day simple moving average is $3.08 and its 200 day simple moving average is $3.15.

AMC Entertainment (NYSE:AMC - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported ($0.58) EPS 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.62) EPS. As a group, equities research analysts forecast that AMC Entertainment Holdings, Inc. will post -1.38 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Wedbush upgraded AMC Entertainment from a "neutral" rating to an "outperform" rating and lifted their target price for the company from $3.00 to $4.00 in a research report on Friday. Roth Mkm decreased 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. Citigroup reiterated a "sell" rating and issued a $2.60 target price (up previously from $2.30) on shares of AMC Entertainment in a research report on Thursday, May 29th. Finally, B. Riley assumed 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. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $4.26.

AMC Entertainment 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.