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

Northern Trust Corp raised its stake in AMC Entertainment Holdings, Inc. (NYSE:AMC - Free Report) by 12.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (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 approximately 0.88% of AMC Entertainment worth $13,207,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of AMC Entertainment by 4.4% during the 4th quarter. Vanguard Group Inc. now owns 36,854,559 shares of the company's stock worth $146,681,000 after acquiring an additional 1,558,554 shares during the period. Marshall Wace LLP lifted its holdings in shares of AMC Entertainment by 85.4% during the 4th 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 period. JPMorgan Chase & Co. lifted its holdings in shares of AMC Entertainment by 91.5% during the 4th quarter. JPMorgan Chase & Co. now owns 2,263,513 shares of the company's stock worth $9,009,000 after acquiring an additional 1,081,464 shares during the period. KBC Group NV lifted its holdings in shares of AMC Entertainment by 7,771.5% during the 4th quarter. KBC Group NV now owns 648,141 shares of the company's stock worth $2,580,000 after acquiring an additional 639,907 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of AMC Entertainment by 8.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,032,519 shares of the company's stock worth $16,049,000 after acquiring an additional 327,019 shares during the period. 28.80% of the stock is owned by institutional investors.

AMC Entertainment Stock Up 1.8%

Shares of AMC stock opened at $2.79 on Friday. AMC Entertainment Holdings, Inc. has a 12-month low of $2.45 and a 12-month high of $5.96. The company has a market capitalization of $1.21 billion, a P/E ratio of -1.73 and a beta of 1.41. The firm has a 50-day moving average price of $2.82 and a 200 day moving average price of $3.54.

AMC Entertainment (NYSE:AMC - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported ($0.58) earnings per share for the quarter, beating the consensus estimate 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. The company's revenue was down 9.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.62) EPS. As a group, research analysts expect that AMC Entertainment Holdings, Inc. will post -1.38 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on AMC. Benchmark reaffirmed a "hold" rating on shares of AMC Entertainment in a report on Monday, March 3rd. Roth Capital set a $3.25 price objective on shares of AMC Entertainment in a report on Tuesday, February 4th. Citigroup reaffirmed a "sell" rating and set a $2.30 price objective (down from $2.80) on shares of AMC Entertainment in a report on Thursday, April 24th. Macquarie reissued a "neutral" rating and set a $4.00 price target on shares of AMC Entertainment in a report on Wednesday, February 26th. Finally, Roth Mkm cut their price target on shares of AMC Entertainment from $3.25 to $3.00 and set a "neutral" rating for the company in a report on Wednesday, April 16th. Three analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $4.65.

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.

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