Gabelli Funds LLC boosted its position in shares of AMC Entertainment Holdings Inc (NYSE:AMC) by 15.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 45,000 shares of the company’s stock after acquiring an additional 6,000 shares during the period. Gabelli Funds LLC’s holdings in AMC Entertainment were worth $553,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently bought and sold shares of AMC. Oppenheimer Asset Management Inc. acquired a new position in AMC Entertainment during the 4th quarter valued at approximately $75,000. Hollencrest Capital Management acquired a new position in AMC Entertainment during the 3rd quarter valued at approximately $208,000. Summit Securities Group LLC acquired a new position in AMC Entertainment during the 3rd quarter valued at approximately $211,000. FNY Investment Advisers LLC acquired a new position in AMC Entertainment during the 3rd quarter valued at approximately $218,000. Finally, Meeder Asset Management Inc. acquired a new position in AMC Entertainment during the 3rd quarter valued at approximately $219,000. 37.86% of the stock is owned by institutional investors.
A number of research analysts have issued reports on the stock. Wedbush upgraded shares of AMC Entertainment to a “buy” rating and set a $25.00 price target on the stock in a research note on Monday, October 15th. Barrington Research reiterated a “buy” rating on shares of AMC Entertainment in a research note on Friday, October 19th. Bank of America lowered shares of AMC Entertainment from a “neutral” rating to an “underperform” rating in a research note on Friday, January 25th. Loop Capital assumed coverage on shares of AMC Entertainment in a research note on Thursday, January 31st. They issued a “hold” rating and a $15.00 price objective on the stock. Finally, ValuEngine lowered shares of AMC Entertainment from a “buy” rating to a “hold” rating in a research note on Saturday, November 10th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $19.89.
Shares of NYSE AMC opened at $13.72 on Monday. AMC Entertainment Holdings Inc has a 1 year low of $11.66 and a 1 year high of $21.45. The firm has a market cap of $1.75 billion, a P/E ratio of -15.42, a PEG ratio of 4.27 and a beta of 0.98. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 4.27.
AMC Entertainment (NYSE:AMC) last announced its quarterly earnings results on Thursday, November 8th. The company reported ($0.82) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.49) by ($0.33). AMC Entertainment had a negative return on equity of 0.63% and a negative net margin of 6.17%. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same period last year, the company posted ($0.33) earnings per share. The business’s quarterly revenue was up 3.6% on a year-over-year basis. On average, research analysts anticipate that AMC Entertainment Holdings Inc will post -0.23 EPS for the current year.
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About AMC Entertainment
AMC Entertainment Holdings, Inc, through its subsidiaries, operates in the theatrical exhibition business. The company owns, operates, or has interests in theatres. As of December 31, 2017, it owned, operated, or had interests in 649 theatres with a total of 8,224 screens in the United States; and 365 theatres and 2,945 screens internationally.
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