Handelsbanken Fonder AB Takes $131,000 Position in AMC Entertainment Holdings, Inc. (NYSE:AMC)

Handelsbanken Fonder AB acquired a new position in AMC Entertainment Holdings, Inc. (NYSE:AMC) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 21,341 shares of the company’s stock, valued at approximately $131,000.

A number of other hedge funds also recently bought and sold shares of the company. Qube Research & Technologies Ltd boosted its position in AMC Entertainment by 935.5% in the third quarter. Qube Research & Technologies Ltd now owns 814,308 shares of the company’s stock worth $6,506,000 after purchasing an additional 735,666 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in AMC Entertainment during the third quarter valued at approximately $5,582,000. Quadrature Capital Ltd purchased a new stake in AMC Entertainment during the third quarter valued at approximately $1,378,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in AMC Entertainment in the third quarter worth approximately $1,060,000. Finally, Sherbrooke Park Advisers LLC purchased a new position in shares of AMC Entertainment during the 3rd quarter worth $809,000. Hedge funds and other institutional investors own 28.80% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on AMC shares. B. Riley decreased their target price on AMC Entertainment from $12.00 to $8.00 and set a “neutral” rating on the stock in a report on Thursday, February 29th. Wedbush reaffirmed a “neutral” rating and set a $4.00 price objective on shares of AMC Entertainment in a research report on Monday, April 29th. Four investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $5.95.

AMC Entertainment Trading Up 5.4 %

NYSE:AMC opened at $3.30 on Friday. The stock has a 50-day moving average price of $3.68 and a 200 day moving average price of $5.48. AMC Entertainment Holdings, Inc. has a 12-month low of $2.38 and a 12-month high of $62.30. The stock has a market capitalization of $868.82 million, a P/E ratio of -1.40 and a beta of 1.69.

AMC Entertainment (NYSE:AMC) last released its quarterly earnings data on Wednesday, February 28th. The company reported ($0.54) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.70) by $0.16. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.06 billion. On average, research analysts predict that AMC Entertainment Holdings, Inc. will post -1.6 earnings per share for the current fiscal 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.