Northern Trust Corp Acquires 370,408 Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC)

Northern Trust Corp lifted its position in AMC Entertainment Holdings, Inc. (NYSE:AMC - Free Report) by 12.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,318,281 shares of the company's stock after purchasing an additional 370,408 shares during the period. Northern Trust Corp owned 0.88% of AMC Entertainment worth $13,207,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Sterling Capital Management LLC grew its position in AMC Entertainment by 831.5% during the 4th 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. Skandinaviska Enskilda Banken AB publ increased its holdings in AMC Entertainment by 68.3% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 15,947 shares of the company's stock valued at $63,000 after purchasing an additional 6,473 shares during the last quarter. Traphagen Investment Advisors LLC purchased a new position in AMC Entertainment in the 4th quarter valued at approximately $64,000. Raymond James Financial Inc. purchased a new stake in shares of AMC Entertainment during the 4th quarter worth $96,000. Finally, Meridian Wealth Management LLC lifted its position in shares of AMC Entertainment by 61.4% during the 4th quarter. Meridian Wealth Management LLC now owns 25,254 shares of the company's stock worth $101,000 after purchasing an additional 9,605 shares during the last quarter. Hedge funds and other institutional investors own 28.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on AMC shares. Citigroup reissued a "sell" rating and set a $2.30 price objective (down previously from $2.80) on shares of AMC Entertainment in a report on Thursday, April 24th. Macquarie reiterated a "neutral" rating and set a $4.00 price objective on shares of AMC Entertainment in a research note on Wednesday, February 26th. StockNews.com raised shares of AMC Entertainment to a "sell" rating in a research note on Saturday, February 22nd. Roth Mkm dropped their price target on shares of AMC Entertainment from $3.25 to $3.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. Finally, Benchmark reaffirmed a "hold" rating on shares of AMC Entertainment in a research note on Monday, March 3rd. Three equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $4.22.

AMC Entertainment Price Performance

Shares of AMC traded down $0.03 during trading hours on Wednesday, hitting $2.99. The stock had a trading volume of 1,355,914 shares, compared to its average volume of 15,465,486. The company's fifty day moving average is $2.82 and its two-hundred day moving average is $3.50. AMC Entertainment Holdings, Inc. has a 52 week low of $2.45 and a 52 week high of $5.96. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of -1.85 and a beta of 1.41.

AMC Entertainment (NYSE:AMC - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported ($0.58) earnings per share 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. During the same period in the previous year, the company posted ($0.62) EPS. The firm's revenue for the quarter was down 9.3% compared to the same quarter last year. Equities analysts predict that AMC Entertainment Holdings, Inc. will post -1.38 EPS for the current fiscal 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.