May Hill Capital LLC Takes Position in AMC Entertainment Holdings, Inc. $AMC

May Hill Capital LLC acquired a new stake in AMC Entertainment Holdings, Inc. (NYSE:AMC) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 11,127 shares of the company’s stock, valued at approximately $34,000.

A number of other hedge funds have also made changes to their positions in the business. Mackenzie Financial Corp increased its holdings in shares of AMC Entertainment by 24.3% in the 1st quarter. Mackenzie Financial Corp now owns 22,517 shares of the company’s stock valued at $65,000 after acquiring an additional 4,400 shares during the last quarter. Avantax Advisory Services Inc. increased its holdings in shares of AMC Entertainment by 5.5% in the 1st quarter. Avantax Advisory Services Inc. now owns 87,655 shares of the company’s stock valued at $252,000 after acquiring an additional 4,551 shares during the last quarter. Victory Capital Management Inc. increased 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 valued at $149,000 after acquiring an additional 4,756 shares during the last quarter. Xponance Inc. increased 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 valued at $87,000 after acquiring an additional 5,446 shares during the last quarter. Finally, Traphagen Investment Advisors LLC grew its stake in AMC Entertainment by 26.3% during the 2nd quarter. Traphagen Investment Advisors LLC now owns 30,008 shares of the company’s stock worth $93,000 after buying an additional 6,252 shares during the last quarter. Hedge funds and other institutional investors own 28.80% of the company’s stock.

AMC Entertainment Price Performance

AMC opened at $2.72 on Wednesday. The business has a 50 day simple moving average of $2.85 and a 200-day simple moving average of $2.97. The stock has a market capitalization of $1.39 billion, a P/E ratio of -3.05 and a beta of 1.25. AMC Entertainment Holdings, Inc. has a 12 month low of $2.45 and a 12 month high of $5.56.

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

Analyst Ratings Changes

AMC has been the topic of a number of research reports. Wedbush upgraded AMC Entertainment from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $3.00 to $4.00 in a research note on Friday, July 11th. Wall Street Zen upgraded AMC Entertainment from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 16th. Citigroup raised their price target on AMC Entertainment from $2.60 to $2.70 and gave the stock a “sell” rating in a research note on Tuesday, August 19th. Zacks Research raised AMC Entertainment from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 22nd. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of AMC Entertainment in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, AMC Entertainment has a consensus rating of “Hold” and an average target price of $3.33.

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.