Virtu Financial LLC Makes New Investment in AMC Entertainment Holdings, Inc. (NYSE:AMC)

Virtu Financial LLC bought a new position in shares of AMC Entertainment Holdings, Inc. (NYSE:AMC - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 196,213 shares of the company's stock, valued at approximately $893,000. Virtu Financial LLC owned approximately 0.05% of AMC Entertainment at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. KBC Group NV bought a new stake in shares of AMC Entertainment during the third quarter worth about $37,000. Creative Planning bought a new stake in AMC Entertainment during the 3rd quarter worth approximately $48,000. Skylands Capital LLC acquired a new position in AMC Entertainment in the 2nd quarter valued at approximately $50,000. Amalgamated Bank raised its stake in shares of AMC Entertainment by 31.5% during the third quarter. Amalgamated Bank now owns 11,568 shares of the company's stock valued at $53,000 after acquiring an additional 2,771 shares during the last quarter. Finally, Burns Matteson Capital Management LLC bought a new position in shares of AMC Entertainment during the third quarter valued at $55,000. Institutional investors own 28.80% of the company's stock.

AMC Entertainment Trading Down 3.0 %

AMC stock traded down $0.13 during mid-day trading on Friday, reaching $4.18. The company's stock had a trading volume of 18,338,910 shares, compared to its average volume of 25,358,152. The company has a market cap of $1.57 billion, a price-to-earnings ratio of -2.60 and a beta of 1.85. AMC Entertainment Holdings, Inc. has a 12 month low of $2.38 and a 12 month high of $11.88. The business's 50 day moving average price is $4.47 and its 200 day moving average price is $4.76.

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

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Benchmark reissued a "hold" rating on shares of AMC Entertainment in a research note on Thursday, November 7th. StockNews.com raised AMC Entertainment to a "sell" rating in a research note on Tuesday, November 12th. B. Riley cut their price objective on 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, Macquarie reiterated an "underperform" rating and issued a $4.00 target price on shares of AMC Entertainment in a report on Wednesday, November 13th. Four investment analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Reduce" and a consensus target price of $5.44.

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.