Virtu Financial LLC Takes Position in AMC Entertainment Holdings, Inc. (NYSE:AMC)

Virtu Financial LLC purchased a new position in AMC Entertainment Holdings, Inc. (NYSE:AMC) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 196,213 shares of the company’s stock, valued at approximately $893,000. Virtu Financial LLC owned approximately 0.05% of AMC Entertainment at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. KBC Group NV purchased a new stake in AMC Entertainment in the 3rd quarter worth approximately $37,000. Creative Planning acquired a new position in shares of AMC Entertainment in the third quarter worth $48,000. Skylands Capital LLC purchased a new stake in shares of AMC Entertainment during the second quarter worth $50,000. Amalgamated Bank boosted its position in AMC Entertainment by 31.5% during the third quarter. Amalgamated Bank now owns 11,568 shares of the company’s stock valued at $53,000 after purchasing an additional 2,771 shares during the last quarter. Finally, Burns Matteson Capital Management LLC purchased a new position in AMC Entertainment in the third quarter valued at about $55,000. 28.80% of the stock is currently owned by institutional investors and hedge funds.

AMC Entertainment Stock Down 3.0 %

Shares of AMC Entertainment stock opened at $4.18 on Friday. AMC Entertainment Holdings, Inc. has a 12-month low of $2.38 and a 12-month high of $11.88. The stock has a market capitalization of $1.57 billion, a P/E ratio of -2.60 and a beta of 1.85. The stock has a 50 day moving average price of $4.47 and a two-hundred day moving average price of $4.76.

AMC Entertainment (NYSE:AMC) last issued its quarterly earnings results on Wednesday, November 6th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.03. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the prior year, the firm earned ($0.09) earnings per share. The company’s revenue was down 4.1% on a year-over-year basis. Sell-side analysts anticipate that AMC Entertainment Holdings, Inc. will post -1.41 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on AMC shares. Macquarie reaffirmed an “underperform” rating and set a $4.00 price target on shares of AMC Entertainment in a research note on Wednesday, November 13th. B. Riley reduced their target price on shares of AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. StockNews.com upgraded shares of AMC Entertainment to a “sell” rating in a research note on Tuesday, November 12th. Finally, Benchmark reaffirmed a “hold” rating on shares of AMC Entertainment in a research note on Thursday, November 7th. Four analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $5.44.

AMC Entertainment 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.