42,933 Shares in AMC Entertainment Holdings, Inc. (NYSE:AMC) Bought by Prosperity Planning Inc.

Prosperity Planning Inc. purchased a new stake in shares of AMC Entertainment Holdings, Inc. (NYSE:AMCFree Report) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 42,933 shares of the company’s stock, valued at approximately $195,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Victory Capital Management Inc. grew its position in AMC Entertainment by 10.3% during the 2nd quarter. Victory Capital Management Inc. now owns 38,050 shares of the company’s stock worth $189,000 after purchasing an additional 3,553 shares during the period. Waldron Private Wealth LLC lifted its stake in shares of AMC Entertainment by 47.0% in the 2nd quarter. Waldron Private Wealth LLC now owns 17,071 shares of the company’s stock valued at $85,000 after purchasing an additional 5,459 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in AMC Entertainment by 14.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,228 shares of the company’s stock worth $230,000 after buying an additional 5,902 shares in the last quarter. Wolverine Asset Management LLC boosted its holdings in AMC Entertainment by 17.0% during the second quarter. Wolverine Asset Management LLC now owns 45,066 shares of the company’s stock worth $224,000 after buying an additional 6,555 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in AMC Entertainment by 50.6% during the first quarter. Principal Financial Group Inc. now owns 20,091 shares of the company’s stock valued at $75,000 after buying an additional 6,748 shares during the period. Hedge funds and other institutional investors own 28.80% of the company’s stock.

AMC Entertainment Trading Down 4.9 %

AMC stock traded down $0.22 during trading on Monday, hitting $4.19. 12,912,948 shares of the company’s stock were exchanged, compared to its average volume of 28,558,266. The business has a 50-day moving average price of $4.84 and a two-hundred day moving average price of $4.49. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of -3.30 and a beta of 1.80. AMC Entertainment Holdings, Inc. has a 52-week low of $2.38 and a 52-week high of $11.88.

AMC Entertainment (NYSE:AMCGet Free Report) last issued its quarterly earnings data on Friday, August 2nd. The company reported ($0.43) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.43). The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. The company’s quarterly revenue was down 23.1% compared to the same quarter last year. On average, equities research analysts anticipate that AMC Entertainment Holdings, Inc. will post -1.36 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on AMC shares. Benchmark restated a “hold” rating on shares of AMC Entertainment in a research report on Monday, August 5th. Macquarie upped their price target on AMC Entertainment from $3.50 to $4.00 and gave the company an “underperform” rating in a research report on Tuesday, July 9th. Wedbush reiterated a “neutral” rating and set a $4.00 price objective on shares of AMC Entertainment in a research report on Monday, August 5th. Finally, Morgan Stanley dropped their target price on AMC Entertainment from $11.00 to $10.00 and set an “underweight” rating for the company in a report on Monday, August 12th. Four analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $5.70.

View Our Latest Stock Report on AMC Entertainment

About AMC Entertainment

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for AMC Entertainment (NYSE:AMC)

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