WINTON GROUP Ltd Acquires Shares of 509,800 AMC Entertainment Holdings, Inc. $AMC

WINTON GROUP Ltd acquired a new position in shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) during the 2nd quarter, Holdings Channel reports. The firm acquired 509,800 shares of the company’s stock, valued at approximately $969,000.

A number of other institutional investors also recently made changes to their positions in the business. Victory Capital Management Inc. boosted its stake in shares of AMC Entertainment by 14.3% during the 3rd quarter. Victory Capital Management Inc. now owns 58,710 shares of the company’s stock valued at $170,000 after buying an additional 7,339 shares during the last quarter. Optimize Financial Inc grew its position in shares of AMC Entertainment by 1.5% during the fourth quarter. Optimize Financial Inc now owns 543,906 shares of the company’s stock worth $848,000 after buying an additional 7,824 shares in the last quarter. Hsbc Holdings PLC increased its stake in shares of AMC Entertainment by 9.2% in the second quarter. Hsbc Holdings PLC now owns 102,506 shares of the company’s stock worth $315,000 after buying an additional 8,629 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of AMC Entertainment by 4.0% in the fourth quarter. The Manufacturers Life Insurance Company now owns 235,395 shares of the company’s stock worth $367,000 after buying an additional 9,051 shares during the last quarter. Finally, Integrated Wealth Concepts LLC increased its stake in shares of AMC Entertainment by 64.9% in the second quarter. Integrated Wealth Concepts LLC now owns 25,407 shares of the company’s stock worth $48,000 after buying an additional 10,003 shares during the last quarter. 28.80% of the stock is owned by institutional investors and hedge funds.

AMC Entertainment Trading Up 0.6%

Shares of NYSE AMC opened at $2.48 on Monday. AMC Entertainment Holdings, Inc. has a twelve month low of $0.93 and a twelve month high of $3.18. The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of -2.31 and a beta of 2.01. The business has a 50 day simple moving average of $2.42 and a 200-day simple moving average of $1.86.

AMC Entertainment (NYSE:AMC) last announced its quarterly earnings data on Monday, July 20th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.17. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.50 billion. As a group, equities analysts predict that AMC Entertainment Holdings, Inc. will post -0.2 earnings per share for the current year.

Wall Street Analyst Weigh In

AMC has been the topic of a number of research analyst reports. Benchmark reiterated a “buy” rating and set a $3.00 price objective (up from $2.50) on shares of AMC Entertainment in a research note on Tuesday, July 21st. Texas Capital raised shares of AMC Entertainment from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 15th. B. Riley Financial restated a “neutral” rating and issued a $2.50 target price (up from $2.25) on shares of AMC Entertainment in a research note on Wednesday, July 22nd. UBS Group reaffirmed a “buy” rating on shares of AMC Entertainment in a research report on Tuesday, July 21st. Finally, Needham & Company LLC set a $3.50 price target on shares of AMC Entertainment in a research report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, AMC Entertainment currently has an average rating of “Hold” and a consensus target price of $2.53.

AMC Entertainment Company Profile

AMC Entertainment Holdings, Inc is a movie exhibition company that operates cinemas in the United States and internationally. Its theaters show first-run films and offer a range of viewing formats, including premium large-screen, enhanced sound and 3D experiences, along with reserved seating and other in-theater amenities.

The company generates revenue primarily from movie admissions and the sale of food and beverages, including popcorn, drinks and other concessions. AMC also operates advertising and promotional programs, loyalty offerings through AMC Stubs, and initiatives that extend its cinema brand beyond traditional theater operations, including the sale of AMC-branded popcorn through retail channels.

AMC traces its history to 1920, when the Dubinsky Brothers opened their first theater in Kansas City, Missouri.