KBC Group NV Sells 632,257 Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC)

KBC Group NV trimmed its position in AMC Entertainment Holdings, Inc. (NYSE:AMC - Free Report) by 97.5% during the first quarter, according to its most recent 13F filing with the SEC. The fund 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.

A number of other hedge funds have also recently bought and sold shares of the company. Sowell Financial Services LLC bought a new position in shares of AMC Entertainment in the 1st quarter worth $36,000. Traphagen Investment Advisors LLC boosted its position in shares of AMC Entertainment by 48.1% in the 1st quarter. Traphagen Investment Advisors LLC now owns 23,756 shares of the company's stock worth $68,000 after purchasing an additional 7,720 shares during the last quarter. Abacus Planning Group Inc. bought a new position in shares of AMC Entertainment in the 1st quarter worth $47,000. Rhumbline Advisers boosted its position in shares of AMC Entertainment by 5.5% in the 1st quarter. Rhumbline Advisers now owns 539,188 shares of the company's stock worth $1,547,000 after purchasing an additional 28,017 shares during the last quarter. Finally, Legacy Financial Strategies LLC bought a new position in shares of AMC Entertainment in the 1st quarter worth $29,000. 28.80% of the stock is currently owned by institutional investors.

AMC Entertainment Price Performance

Shares of AMC traded up $0.05 during midday trading on Wednesday, hitting $2.95. The stock had a trading volume of 12,497,638 shares, compared to its average volume of 11,294,537. The company has a 50 day simple moving average of $3.05 and a two-hundred day simple moving average of $3.17. AMC Entertainment Holdings, Inc. has a twelve month low of $2.45 and a twelve month high of $5.76. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of -3.01 and a beta of 1.43.

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

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on AMC shares. B. Riley began coverage on AMC Entertainment in a research report on Friday, May 16th. They issued a "neutral" rating and a $3.00 price target on the stock. Citigroup reaffirmed a "sell" rating and set a $2.60 price objective (up previously from $2.30) on shares of AMC Entertainment in a research note on Thursday, May 29th. Finally, Roth Mkm dropped their price objective on AMC Entertainment from $3.25 to $3.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Three analysts have rated the stock with a sell rating and six have given a hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $4.26.

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.