SG Americas Securities LLC Sells 285,892 Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC)

SG Americas Securities LLC reduced its holdings in AMC Entertainment Holdings, Inc. (NYSE:AMC - Free Report) by 66.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 144,196 shares of the company's stock after selling 285,892 shares during the period. SG Americas Securities LLC's holdings in AMC Entertainment were worth $574,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of AMC. KBC Group NV purchased a new position in shares of AMC Entertainment during the 3rd quarter valued at $37,000. Creative Planning acquired a new stake in AMC Entertainment during the third quarter valued at $48,000. Amalgamated Bank grew its stake in AMC Entertainment by 31.5% in the third quarter. Amalgamated Bank now owns 11,568 shares of the company's stock valued at $53,000 after purchasing an additional 2,771 shares in the last quarter. Burns Matteson Capital Management LLC acquired a new position in AMC Entertainment in the 3rd quarter worth about $55,000. Finally, Private Advisor Group LLC raised its stake in shares of AMC Entertainment by 27.5% during the 3rd 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 in the last quarter. 28.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on AMC shares. B. Riley decreased their price objective on shares of AMC Entertainment from $8.00 to $6.00 and set a "neutral" rating for the company in a report on Thursday, November 7th. StockNews.com upgraded AMC Entertainment to a "sell" rating in a research note on Tuesday, November 12th. Roth Mkm raised AMC Entertainment from a "sell" rating to a "neutral" rating and cut their price objective for the company from $4.00 to $3.25 in a research note on Tuesday. Macquarie reaffirmed an "underperform" rating and set a $4.00 target price on shares of AMC Entertainment in a research report on Wednesday, November 13th. Finally, Benchmark reissued 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 four have given a hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $5.08.

AMC Entertainment Trading Up 2.8 %

AMC stock traded up $0.09 during trading on Tuesday, hitting $3.17. The company had a trading volume of 7,843,616 shares, compared to its average volume of 11,248,618. The company has a fifty day moving average price of $3.98 and a two-hundred day moving average price of $4.43. AMC Entertainment Holdings, Inc. has a fifty-two week low of $2.38 and a fifty-two week high of $11.88. The company has a market cap of $1.19 billion, a P/E ratio of -1.97 and a beta of 1.88.

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

About AMC Entertainment

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.