First Trust Advisors LP Cuts Position in AMC Entertainment Holdings, Inc. (NYSE:AMC)

First Trust Advisors LP lessened its stake in shares of AMC Entertainment Holdings, Inc. (NYSE:AMC - Free Report) by 51.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 136,362 shares of the company's stock after selling 141,910 shares during the period. First Trust Advisors LP's holdings in AMC Entertainment were worth $543,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Advent Capital Management DE purchased a new stake in shares of AMC Entertainment during the fourth quarter worth $170,000. Marshall Wace LLP boosted its position in AMC Entertainment by 85.4% during the fourth 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 during the last quarter. Optimize Financial Inc purchased a new stake in AMC Entertainment during the 4th quarter valued at about $789,000. Sterling Capital Management LLC raised its holdings in AMC Entertainment by 831.5% in the 4th quarter. Sterling Capital Management LLC now owns 10,843 shares of the company's stock valued at $43,000 after acquiring an additional 9,679 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in AMC Entertainment in the 4th quarter worth approximately $96,000. 28.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Macquarie restated a "neutral" rating and issued a $4.00 price target on shares of AMC Entertainment in a research report on Wednesday, February 26th. Citigroup reiterated a "sell" rating and set a $2.30 price target (down previously from $2.80) on shares of AMC Entertainment in a report on Thursday, April 24th. Roth Capital set a $3.25 price objective on shares of AMC Entertainment in a report on Tuesday, February 4th. StockNews.com upgraded shares of AMC Entertainment to a "sell" rating in a research report on Saturday, February 22nd. Finally, Roth Mkm decreased their target price on shares of AMC Entertainment from $3.25 to $3.00 and set a "neutral" rating on the stock in a report on Wednesday, April 16th. Three research analysts have rated the stock with a sell rating and six have issued a hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $4.65.

AMC Entertainment Stock Performance

Shares of AMC traded down $0.01 during mid-day trading on Thursday, hitting $2.74. 3,206,533 shares of the company's stock were exchanged, compared to its average volume of 17,764,534. The stock's 50-day moving average is $2.83 and its 200-day moving average is $3.56. AMC Entertainment Holdings, Inc. has a fifty-two week low of $2.45 and a fifty-two week high of $6.60. The company has a market cap of $1.18 billion, a price-to-earnings ratio of -1.70 and a beta of 1.41.

AMC Entertainment (NYSE:AMC - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported ($0.58) EPS for the quarter, beating the consensus estimate of ($0.61) by $0.03. The business had revenue of $862.50 million during the quarter, compared to analysts' expectations of $983.23 million. The business's quarterly revenue was down 9.3% on a year-over-year basis. During the same period in the prior year, the business earned ($0.62) EPS. As a group, equities research analysts anticipate that AMC Entertainment Holdings, Inc. will post -1.38 EPS for the current year.

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.