AMC Entertainment Holdings, Inc. (NYSE:AMC) Shares Purchased by MetLife Investment Management LLC

MetLife Investment Management LLC lifted its stake in AMC Entertainment Holdings, Inc. (NYSE:AMC - Free Report) by 174.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 192,826 shares of the company's stock after purchasing an additional 122,609 shares during the quarter. MetLife Investment Management LLC owned about 0.05% of AMC Entertainment worth $877,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. KBC Group NV acquired a new position in AMC Entertainment in the 3rd quarter valued at about $37,000. Creative Planning acquired a new position in AMC Entertainment in the third quarter valued at approximately $48,000. Skylands Capital LLC acquired a new position in AMC Entertainment in the second quarter valued at approximately $50,000. Amalgamated Bank grew its position in 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 acquiring an additional 2,771 shares during the period. Finally, Burns Matteson Capital Management LLC acquired a new stake in AMC Entertainment during the third quarter worth $55,000. Hedge funds and other institutional investors own 28.80% of the company's stock.

Analyst Ratings Changes

AMC has been the topic of several recent analyst reports. StockNews.com raised AMC Entertainment to a "sell" rating in a research note on Tuesday, November 12th. Morgan Stanley decreased their target price on shares of AMC Entertainment from $11.00 to $10.00 and set an "underweight" rating on the stock in a research report on Monday, August 12th. Macquarie reiterated an "underperform" rating and set a $4.00 price target on shares of AMC Entertainment in a research report on Wednesday, November 13th. B. Riley reduced their price target on shares of AMC Entertainment from $8.00 to $6.00 and set a "neutral" rating on the stock in a research note on Thursday, November 7th. Finally, Benchmark reaffirmed a "hold" rating on shares of AMC Entertainment in a research report on Thursday, November 7th. Four investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. According to MarketBeat, the company has a consensus rating of "Reduce" and an average price target of $5.44.

AMC Entertainment Price Performance

AMC traded down $0.47 during trading hours on Friday, hitting $4.73. 37,389,521 shares of the company's stock were exchanged, compared to its average volume of 13,948,373. AMC Entertainment Holdings, Inc. has a 12-month low of $2.38 and a 12-month high of $11.88. The firm has a 50 day moving average of $4.48 and a 200 day moving average of $4.78.

AMC Entertainment (NYSE:AMC - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported ($0.04) earnings per share for the quarter, topping analysts' consensus estimates of ($0.07) by $0.03. The company had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.33 billion. The firm's revenue was down 4.1% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.09) EPS. On average, research analysts forecast that AMC Entertainment Holdings, Inc. will post -1.42 earnings per share for the current fiscal year.

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.