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

SG Americas Securities LLC cut 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 filing with the Securities and Exchange Commission. The firm 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 as of its most recent SEC filing.

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

Analysts Set New Price Targets

A number of brokerages recently issued reports on AMC. B. Riley lowered their price objective on AMC Entertainment from $8.00 to $6.00 and set a "neutral" rating on the stock in a research report on Thursday, November 7th. 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. StockNews.com upgraded AMC Entertainment to a "sell" rating in a report on Tuesday, November 12th. Finally, Benchmark restated a "hold" rating on shares of AMC Entertainment in a research report on Thursday, November 7th. Four research analysts have rated the stock with a sell rating and three have given a hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Reduce" and an average target price of $5.44.

AMC Entertainment Stock Down 0.8 %

NYSE:AMC traded down $0.03 on Friday, hitting $3.12. The stock had a trading volume of 8,548,084 shares, compared to its average volume of 10,575,131. The business's 50-day simple moving average is $4.05 and its two-hundred day simple moving average is $4.46. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of -1.93 and a beta of 1.92. AMC Entertainment Holdings, Inc. has a 52-week low of $2.38 and a 52-week high of $11.88.

AMC Entertainment (NYSE:AMC - Get Free Report) last released 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 business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same period last year, the company earned ($0.09) EPS. The business's revenue was down 4.1% on a year-over-year basis. As a group, equities research analysts anticipate that AMC Entertainment Holdings, Inc. will post -1.41 EPS for the current 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.