SG Americas Securities LLC Acquires 1,064,805 Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC)

SG Americas Securities LLC raised its holdings in AMC Entertainment Holdings, Inc. (NYSE:AMC - Free Report) by 1,894.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,121,025 shares of the company's stock after buying an additional 1,064,805 shares during the period. SG Americas Securities LLC owned 0.38% of AMC Entertainment worth $5,583,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Avantax Advisory Services Inc. boosted its holdings in AMC Entertainment by 43.7% in the 4th quarter. Avantax Advisory Services Inc. now owns 16,663 shares of the company's stock valued at $102,000 after purchasing an additional 5,070 shares during the period. Russell Investments Group Ltd. bought a new position in AMC Entertainment during the fourth quarter worth $34,000. HBK Sorce Advisory LLC raised its holdings in AMC Entertainment by 31.2% during the fourth quarter. HBK Sorce Advisory LLC now owns 27,459 shares of the company's stock worth $168,000 after buying an additional 6,525 shares during the last quarter. Principal Financial Group Inc. raised its holdings in AMC Entertainment by 50.6% during the first quarter. Principal Financial Group Inc. now owns 20,091 shares of the company's stock worth $75,000 after buying an additional 6,748 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in shares of AMC Entertainment by 817.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 9,945 shares of the company's stock valued at $61,000 after purchasing an additional 8,861 shares during the last quarter. Institutional investors own 28.80% of the company's stock.

AMC Entertainment Stock Down 1.6 %

Shares of AMC stock traded down $0.08 during mid-day trading on Friday, reaching $5.00. 8,433,463 shares of the company's stock traded hands, compared to its average volume of 33,655,289. AMC Entertainment Holdings, Inc. has a 12 month low of $2.38 and a 12 month high of $52.80. The company's 50-day moving average price is $5.04 and its 200-day moving average price is $4.37. The company has a market cap of $1.48 billion, a P/E ratio of -3.94 and a beta of 1.84.

AMC Entertainment (NYSE:AMC - Get Free Report) last posted its earnings results on Friday, August 2nd. The company reported ($0.43) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.43). The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. The business's quarterly revenue was down 23.1% on a year-over-year basis. Equities analysts predict that AMC Entertainment Holdings, Inc. will post -0.48 earnings per share for the current year.

Analyst Ratings Changes

AMC has been the subject of a number of research analyst reports. Benchmark restated a "hold" rating on shares of AMC Entertainment in a report on Monday, August 5th. Macquarie raised their price objective on shares of AMC Entertainment from $3.50 to $4.00 and gave the stock an "underperform" rating in a report on Tuesday, July 9th. Citigroup increased their target price on shares of AMC Entertainment from $3.10 to $3.20 and gave the stock a "sell" rating in a research report on Tuesday, May 14th. Finally, Wedbush reiterated a "neutral" rating and set a $4.00 target price on shares of AMC Entertainment in a research report on Monday, August 5th. Five investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Reduce" and an average target price of $5.37.

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.