AMC Entertainment Holdings, Inc. (NYSE:AMC) Shares Purchased by KBC Group NV

KBC Group NV boosted its stake in shares of AMC Entertainment Holdings, Inc. (NYSE:AMC - Free Report) by 7,771.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 648,141 shares of the company's stock after buying an additional 639,907 shares during the period. KBC Group NV owned approximately 0.17% of AMC Entertainment worth $2,580,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Amalgamated Bank raised its holdings in shares of AMC Entertainment by 31.5% in the third quarter. Amalgamated Bank now owns 11,568 shares of the company's stock worth $53,000 after buying an additional 2,771 shares during the period. Private Advisor Group LLC increased its stake in AMC Entertainment by 27.5% in the third quarter. Private Advisor Group LLC now owns 15,011 shares of the company's stock worth $68,000 after purchasing an additional 3,237 shares during the period. Victory Capital Management Inc. lifted its holdings in AMC Entertainment by 20.1% during the 3rd quarter. Victory Capital Management Inc. now owns 45,711 shares of the company's stock valued at $208,000 after buying an additional 7,661 shares in the last quarter. Waldron Private Wealth LLC raised its stake in shares of AMC Entertainment by 47.5% during the third quarter. Waldron Private Wealth LLC now owns 25,173 shares of the company's stock valued at $115,000 after acquiring an additional 8,102 shares in the last quarter. Finally, Creative Planning purchased a new stake in shares of AMC Entertainment in the third quarter valued at approximately $48,000. 28.80% of the stock is currently owned by institutional investors.

AMC Entertainment Stock Down 0.8 %

Shares of AMC Entertainment stock traded down $0.03 during trading on Friday, reaching $3.12. The company's stock had a trading volume of 8,548,084 shares, compared to its average volume of 10,575,131. AMC Entertainment Holdings, Inc. has a 1-year low of $2.38 and a 1-year high of $11.88. The company has a 50-day simple moving average of $4.05 and a two-hundred day simple moving average of $4.47. The company has a market cap of $1.17 billion, a price-to-earnings ratio of -1.93 and a beta of 1.92.

AMC Entertainment (NYSE:AMC - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.03. The company had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.33 billion. The business's revenue for the quarter was down 4.1% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.09) earnings per share. As a group, analysts anticipate that AMC Entertainment Holdings, Inc. will post -1.41 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Benchmark reiterated a "hold" rating on shares of AMC Entertainment in a report on Thursday, November 7th. StockNews.com raised shares of AMC Entertainment to a "sell" rating in a research report on Tuesday, November 12th. B. Riley lowered their price target on shares of AMC Entertainment from $8.00 to $6.00 and set a "neutral" rating for the company in a research report on Thursday, November 7th. Finally, Macquarie reissued an "underperform" rating and set a $4.00 price objective on shares of AMC Entertainment in a report on Wednesday, November 13th. Four equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus target price of $5.44.

AMC Entertainment 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.