KLP Kapitalforvaltning AS Boosts Stock Holdings in AMC Entertainment Holdings, Inc. $AMC

KLP Kapitalforvaltning AS grew its position in shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) by 22.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 89,192 shares of the company’s stock after acquiring an additional 16,600 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in AMC Entertainment were worth $276,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the company. Mackenzie Financial Corp boosted its holdings in AMC Entertainment by 24.3% during the 1st quarter. Mackenzie Financial Corp now owns 22,517 shares of the company’s stock worth $65,000 after acquiring an additional 4,400 shares during the last quarter. Avantax Advisory Services Inc. boosted its holdings in AMC Entertainment by 5.5% during the 1st quarter. Avantax Advisory Services Inc. now owns 87,655 shares of the company’s stock worth $252,000 after acquiring an additional 4,551 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of AMC Entertainment by 10.1% in the 1st quarter. Victory Capital Management Inc. now owns 51,805 shares of the company’s stock worth $149,000 after buying an additional 4,756 shares during the last quarter. Xponance Inc. boosted its holdings in shares of AMC Entertainment by 21.8% in the 1st quarter. Xponance Inc. now owns 30,383 shares of the company’s stock worth $87,000 after buying an additional 5,446 shares during the last quarter. Finally, Swiss National Bank boosted its holdings in shares of AMC Entertainment by 0.9% in the 1st quarter. Swiss National Bank now owns 739,091 shares of the company’s stock worth $2,121,000 after buying an additional 6,600 shares during the last quarter. 28.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AMC has been the topic of a number of research analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of AMC Entertainment in a report on Wednesday, October 8th. Wall Street Zen raised shares of AMC Entertainment from a “strong sell” rating to a “hold” rating in a report on Saturday, August 16th. Citigroup boosted their price target on shares of AMC Entertainment from $2.60 to $2.70 and gave the stock a “sell” rating in a report on Tuesday, August 19th. Finally, Wedbush raised shares of AMC Entertainment from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $3.00 to $4.00 in a report on Friday, July 11th. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $3.33.

AMC Entertainment Stock Up 0.4%

NYSE AMC opened at $2.76 on Monday. The company has a market cap of $1.42 billion, a PE ratio of -3.10 and a beta of 1.25. AMC Entertainment Holdings, Inc. has a 52 week low of $2.45 and a 52 week high of $5.56. The firm’s 50-day simple moving average is $2.89 and its two-hundred day simple moving average is $2.97.

AMC Entertainment (NYSE:AMC) last released its quarterly earnings data on Monday, August 11th. The company reported ($0.43) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.36). The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.30 billion. The firm’s revenue was up 35.6% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.43) earnings per share. As a group, equities research analysts anticipate that AMC Entertainment Holdings, Inc. will post -1.38 EPS 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.