347,700 AMC Entertainment Holdings, Inc. $AMC Shares Purchased by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al raised its stake in AMC Entertainment Holdings, Inc. (NYSE:AMC) by 447.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 425,400 shares of the company’s stock after acquiring an additional 347,700 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in AMC Entertainment were worth $1,276,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Summit Asset Management LLC acquired a new position in AMC Entertainment during the 2nd quarter worth approximately $28,000. Yousif Capital Management LLC bought a new position in AMC Entertainment in the 3rd quarter valued at approximately $32,000. Royal Bank of Canada lifted its stake in AMC Entertainment by 90.7% in the 1st quarter. Royal Bank of Canada now owns 33,657 shares of the company’s stock valued at $33,000 after purchasing an additional 16,011 shares during the last quarter. Miller Financial Services LLC acquired a new stake in AMC Entertainment in the third quarter valued at approximately $33,000. Finally, Integrated Wealth Concepts LLC boosted its position in AMC Entertainment by 64.9% in the second quarter. Integrated Wealth Concepts LLC now owns 25,407 shares of the company’s stock valued at $48,000 after buying an additional 10,003 shares in the last quarter. 28.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Roth Capital reaffirmed a “neutral” rating on shares of AMC Entertainment in a research note on Friday, October 23rd. UBS Group reiterated a “buy” rating on shares of AMC Entertainment in a research note on Tuesday, July 21st. Benchmark reissued a “buy” rating and set a $3.00 price objective (up from $2.50) on shares of AMC Entertainment in a report on Tuesday, July 21st. B. Riley Financial restated a “neutral” rating on shares of AMC Entertainment in a research report on Monday, October 19th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $4.00 target price (up from $3.00) on shares of AMC Entertainment in a report on Tuesday, July 21st. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, AMC Entertainment has an average rating of “Moderate Buy” and a consensus target price of $2.67.

AMC Entertainment News Summary

Here are the key news stories impacting AMC Entertainment this week:

• Positive Sentiment: AMC posted all-time-record third-quarter revenue of about $1.71 billion, up 31.6% year over year, and record adjusted EBITDA. Reported EPS of $0.13 topped the $0.09 consensus estimate; the company also reported $109 million in net income. The results provide a near-term earnings and operating-performance catalyst. AMC third-quarter results
• Positive Sentiment: CEO Adam Aron pointed to a resurgent box office and said AMC has “recovered”; coverage also noted back-to-back record quarters and a box office outlook at a seven-year high. Continued attendance and film-slate strength could support revenue, though future results depend on that momentum lasting. Q3 highlights and box-office outlook
• Neutral Sentiment: Investors purchased 131,011 AMC call options on Wednesday, 43% above typical daily volume. This may reflect bullish positioning or expectations for volatility, but options activity alone does not establish the direction of future trading. AMC options-market coverage
• Negative Sentiment: AMC still faces a significant balance-sheet challenge: it owes roughly $4 billion. A-List subscribers account for about 20% of U.S. attendance, but the debt load remains a concern despite the record quarter and could limit financial flexibility. A-List attendance and AMC debt

AMC Entertainment Price Performance

Shares of NYSE AMC opened at $3.50 on Thursday. The company has a 50 day simple moving average of $2.85 and a 200 day simple moving average of $2.00. The firm has a market cap of $3.12 billion, a PE ratio of -3.27 and a beta of 2.03. AMC Entertainment Holdings, Inc. has a 1 year low of $0.93 and a 1 year high of $3.56.

AMC Entertainment (NYSE:AMC) last posted its earnings results on Wednesday, November 4th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.09 by $0.04. The business had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same quarter in the prior year, the business earned ($0.21) earnings per share. The firm’s quarterly revenue was up 31.6% on a year-over-year basis. As a group, research analysts anticipate that AMC Entertainment Holdings, Inc. will post -0.06 earnings per share for the current fiscal year.

AMC Entertainment Profile

AMC Entertainment Holdings, Inc is one of the world’s largest theatrical exhibition companies. Through its AMC Theatres and ODEON Cinemas Group brands, the company operates movie theaters that showcase new film releases and provide audiences with premium viewing experiences.

AMC’s theater offerings include standard and large-format screens, IMAX and Dolby Cinema experiences, reserved seating, mobile and online ticketing, and food and beverage services. The company also operates loyalty programs, including AMC Stubs, and offers subscription and membership products in select markets.

Founded in 1920, AMC serves moviegoers primarily in the United States and Europe.