Oak Thistle LLC Takes Position in AMC Entertainment Holdings, Inc. (NYSE:AMC)

Oak Thistle LLC bought a new stake in AMC Entertainment Holdings, Inc. (NYSE:AMC) during the 2nd quarter, HoldingsChannel reports. The firm bought 76,106 shares of the company’s stock, valued at approximately $379,000.

Several other institutional investors have also modified their holdings of AMC. Russell Investments Group Ltd. acquired a new position in AMC Entertainment during the fourth quarter worth about $34,000. Mayflower Financial Advisors LLC acquired a new position in AMC Entertainment during the first quarter worth about $37,000. Skylands Capital LLC acquired a new position in AMC Entertainment during the second quarter worth about $50,000. Powell Investment Advisors LLC acquired a new position in AMC Entertainment during the first quarter worth about $55,000. Finally, Eudaimonia Partners LLC acquired a new position in AMC Entertainment during the fourth quarter worth about $71,000. Institutional investors and hedge funds own 28.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on AMC shares. Macquarie boosted their price target on shares of AMC Entertainment from $3.50 to $4.00 and gave the stock an “underperform” rating in a research report on Tuesday, July 9th. Benchmark restated a “hold” rating on shares of AMC Entertainment in a research report on Monday, August 5th. Wedbush reaffirmed a “neutral” rating and set a $4.00 target price on shares of AMC Entertainment in a research note on Monday, August 5th. Citigroup lifted their target price on shares of AMC Entertainment from $3.10 to $3.20 and gave the stock a “sell” rating in a research note on Tuesday, May 14th. Finally, Morgan Stanley reduced their target price on shares of AMC Entertainment from $11.00 to $10.00 and set an “underweight” rating on the stock in a research note on Monday, August 12th. Five equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $5.70.

AMC Entertainment Stock Performance

AMC Entertainment stock opened at $5.00 on Tuesday. The company’s 50 day simple moving average is $5.06 and its 200-day simple moving average is $4.46. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of -3.94 and a beta of 1.81. AMC Entertainment Holdings, Inc. has a 1 year low of $2.38 and a 1 year high of $11.88.

AMC Entertainment (NYSE:AMC) last released its quarterly earnings results on Friday, August 2nd. The company reported ($0.43) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.43). The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. AMC Entertainment’s revenue for the quarter was down 23.1% on a year-over-year basis. Equities analysts expect that AMC Entertainment Holdings, Inc. will post -1.36 earnings per share 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.