WINTON GROUP Ltd Invests $969,000 in AMC Entertainment Holdings, Inc. $AMC

Key Points

• WINTON GROUP Ltd acquired 509,800 AMC shares worth approximately $969,000, representing about 0.06% of the company. Several other hedge funds and institutional investors also increased or initiated positions, with institutions collectively owning 28.8% of AMC.
• AMC shares opened at $2.48, up 0.6%, and were trading above both their 50-day and 200-day moving averages. The stock has ranged from $0.93 to $3.18 over the past year.
• AMC exceeded quarterly earnings and revenue expectations, but analyst sentiment remains mixed: the stock has a consensus rating of “Hold” and an average price target of $2.53.

WINTON GROUP Ltd bought a new position in shares of AMC Entertainment Holdings, Inc. (NYSE:AMC - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 509,800 shares of the company's stock, valued at approximately $969,000. WINTON GROUP Ltd owned approximately 0.06% of AMC Entertainment as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Summit Asset Management LLC purchased a new stake in AMC Entertainment during the second quarter worth approximately $28,000. Triumph Capital Management raised its stake in shares of AMC Entertainment by 139.0% in the 4th quarter. Triumph Capital Management now owns 19,000 shares of the company's stock valued at $30,000 after acquiring an additional 11,050 shares during the period. Royal Bank of Canada raised its stake in shares of AMC Entertainment by 90.7% in the 1st quarter. Royal Bank of Canada now owns 33,657 shares of the company's stock valued at $33,000 after acquiring an additional 16,011 shares during the period. Pitcairn Co. acquired a new position in shares of AMC Entertainment during the 2nd quarter valued at $34,000. Finally, Powell Investment Advisors LLC acquired a new position in shares of AMC Entertainment during the 4th quarter valued at $39,000. Hedge funds and other institutional investors own 28.80% of the company's stock.

AMC Entertainment Trading Up 0.6%

Shares of AMC stock opened at $2.48 on Monday. The company has a market capitalization of $2.21 billion, a PE ratio of -2.31 and a beta of 2.01. The firm has a fifty day simple moving average of $2.42 and a 200-day simple moving average of $1.86. AMC Entertainment Holdings, Inc. has a twelve month low of $0.93 and a twelve month high of $3.18.

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

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AMC. Weiss Ratings upgraded AMC Entertainment from a "sell (e+)" rating to a "sell (d-)" rating in a report on Monday, August 31st. Zacks Research cut AMC Entertainment from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 18th. Benchmark reaffirmed a "buy" rating and issued a $3.00 target price (up from $2.50) on shares of AMC Entertainment in a research report on Tuesday, July 21st. Citigroup reiterated a "sell" rating on shares of AMC Entertainment in a research note on Tuesday, July 21st. Finally, Texas Capital upgraded AMC Entertainment from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $2.53.

About AMC Entertainment

AMC Entertainment Holdings, Inc is a movie exhibition company that operates cinemas in the United States and internationally. Its theaters show first-run films and offer a range of viewing formats, including premium large-screen, enhanced sound and 3D experiences, along with reserved seating and other in-theater amenities.

The company generates revenue primarily from movie admissions and the sale of food and beverages, including popcorn, drinks and other concessions. AMC also operates advertising and promotional programs, loyalty offerings through AMC Stubs, and initiatives that extend its cinema brand beyond traditional theater operations, including the sale of AMC-branded popcorn through retail channels.

AMC traces its history to 1920, when the Dubinsky Brothers opened their first theater in Kansas City, Missouri.

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