Los Angeles Capital Management LLC Sells 28,751 Shares of AMC Entertainment Holdings, Inc. $AMC

Los Angeles Capital Management LLC lessened its holdings in shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) by 53.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,228 shares of the company’s stock after selling 28,751 shares during the period. Los Angeles Capital Management LLC’s holdings in AMC Entertainment were worth $78,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in AMC. Bank of Montreal Can increased its stake in AMC Entertainment by 23.7% during the 2nd quarter. Bank of Montreal Can now owns 46,004 shares of the company’s stock worth $143,000 after acquiring an additional 8,801 shares during the period. May Hill Capital LLC acquired a new position in AMC Entertainment in the second quarter valued at about $34,000. Bogart Wealth LLC lifted its position in AMC Entertainment by 83.3% during the second quarter. Bogart Wealth LLC now owns 22,000 shares of the company’s stock worth $68,000 after purchasing an additional 10,000 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in AMC Entertainment during the second quarter worth about $42,000. Finally, Sovereign Financial Group Inc. bought a new position in AMC Entertainment in the 2nd quarter valued at about $32,000. 28.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on AMC. Wall Street Zen lowered shares of AMC Entertainment from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 8th. Weiss Ratings reiterated a “sell (e+)” rating on shares of AMC Entertainment in a research report on Wednesday, October 8th. Citigroup dropped their target price on shares of AMC Entertainment from $2.70 to $2.30 and set a “sell” rating for the company in a report on Thursday, November 13th. Finally, Zacks Research cut shares of AMC Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 7th. One investment analyst has rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, AMC Entertainment currently has a consensus rating of “Reduce” and a consensus price target of $3.26.

AMC Entertainment Price Performance

AMC opened at $2.19 on Wednesday. AMC Entertainment Holdings, Inc. has a fifty-two week low of $2.11 and a fifty-two week high of $5.56. The company’s 50 day moving average price is $2.74 and its two-hundred day moving average price is $2.94. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of -2.46 and a beta of 1.05.

AMC Entertainment (NYSE:AMC) last announced its earnings results on Wednesday, November 5th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.03). The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same period in the prior year, the company posted ($0.04) earnings per share. The firm’s revenue was down 3.6% compared to the same quarter last year. As a group, equities research analysts predict that AMC Entertainment Holdings, Inc. will post -1.38 EPS for the current year.

AMC Entertainment Company Profile

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.