KBC Group NV Has $2.58 Million Holdings in AMC Entertainment Holdings, Inc. (NYSE:AMC)

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

A number of other institutional investors have also recently added to or reduced their stakes in AMC. Charles Schwab Investment Management Inc. raised its stake in AMC Entertainment by 153.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,705,500 shares of the company's stock valued at $16,860,000 after purchasing an additional 2,243,052 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of AMC Entertainment by 431.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,182,049 shares of the company's stock worth $5,378,000 after purchasing an additional 959,642 shares during the period. State Street Corp raised its position in shares of AMC Entertainment by 14.6% during the third quarter. State Street Corp now owns 7,353,442 shares of the company's stock valued at $33,458,000 after buying an additional 936,618 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of AMC Entertainment by 12.1% in the third quarter. Geode Capital Management LLC now owns 8,047,182 shares of the company's stock valued at $36,622,000 after buying an additional 866,757 shares during the period. Finally, Virtu Financial LLC acquired a new stake in AMC Entertainment during the third quarter worth about $893,000. 28.80% of the stock is currently owned by institutional investors and hedge funds.

AMC Entertainment Trading Down 0.8 %

AMC stock traded down $0.03 during trading on Wednesday, hitting $3.14. 4,812,150 shares of the stock traded hands, compared to its average volume of 10,970,618. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of -1.95 and a beta of 1.88. AMC Entertainment Holdings, Inc. has a one year low of $2.38 and a one year high of $11.88. The company has a 50 day simple moving average of $3.95 and a 200 day simple moving average of $4.42.

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

Wall Street Analysts Forecast Growth

AMC has been the subject of a number of research reports. B. Riley reduced their price objective on AMC Entertainment from $8.00 to $6.00 and set a "neutral" rating for the company in a research report on Thursday, November 7th. Roth Capital raised AMC Entertainment from a "strong sell" rating to a "hold" rating in a research report on Tuesday. Macquarie reissued an "underperform" rating and issued a $4.00 price target on shares of AMC Entertainment in a report on Wednesday, November 13th. Roth Mkm raised shares of AMC Entertainment from a "sell" rating to a "neutral" rating and reduced their price objective for the stock from $4.00 to $3.25 in a report on Tuesday. Finally, Benchmark reiterated a "hold" rating on shares of AMC Entertainment in a research report on Thursday, November 7th. Four equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. According to MarketBeat.com, AMC Entertainment presently has a consensus rating of "Hold" and an average target price of $5.08.

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.