abrdn plc Has $1.61 Million Stock Holdings in AMC Entertainment Holdings, Inc. (NYSE:AMC)


abrdn plc increased its stake in shares of AMC Entertainment Holdings, Inc. (NYSE:AMC – Get Rating) by 20.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,166 shares of the company’s stock after purchasing an additional 11,280 during the quarter. abrdn plc’s holdings in AMC Entertainment were worth $1,610,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Quadrant Capital Group LLC increased its position in AMC Entertainment by 150.2% during the 4th quarter. Quadrant Capital Group LLC now owns 1,021 shares of the company’s stock worth $28,000 after purchasing an additional 613 shares in the last quarter. Nisa Investment Advisors LLC increased its position in AMC Entertainment by 0.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 79,480 shares of the company’s stock worth $1,276,000 after purchasing an additional 710 shares in the last quarter. Rockbridge Investment Management LCC increased its position in AMC Entertainment by 136.9% during the 4th quarter. Rockbridge Investment Management LCC now owns 1,367 shares of the company’s stock worth $37,000 after purchasing an additional 790 shares in the last quarter. Daiwa Securities Group Inc. increased its position in AMC Entertainment by 3.2% during the 4th quarter. Daiwa Securities Group Inc. Now owns 25,560 shares of the company’s stock worth $695,000 after purchasing an additional 800 shares in the last quarter. Finally, Dupont Capital Management Corp increased its position in AMC Entertainment by 4.3% during the 4th quarter. Dupont Capital Management Corp now owns 20,689 shares of the company’s stock worth $563,000 after purchasing an additional 852 shares in the last quarter. 34.20% of the stock is currently owned by institutional investors and hedge funds.

AMC Entertainment Stock Up 5.6%

AMC opened at $15.37 on Tuesday. AMC Entertainment Holdings, Inc. has a twelve month low of $9.70 and a twelve month high of $52.79. The company has a fifty day moving average of $13.72 and a 200-day moving average of $15.87. The stock has a market cap of $7.94 billion, a PE ratio of -7.46 and a beta of 1.65.

AMC Entertainment (NYSE:AMC – Get Rating) last posted its quarterly earnings data on Monday, May 9th. The company reported ($0.52) earnings per share for the quarter, topping the consensus estimate of ($0.63) by $0.11. The firm had revenue of $785.70 million for the quarter, compared to analyst estimates of $736.23 million. During the same quarter last year, the company earned ($1.42) earnings per share. The company’s quarterly revenue was up 429.8% compared to the same quarter last year. Sell-side analysts anticipate that AMC Entertainment Holdings, Inc. will post -1.14 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on AMC shares. StockNews.com upgraded shares of AMC Entertainment to a “sell” rating in a research report on Wednesday, July 20th. The Goldman Sachs Group decreased their price target on shares of AMC Entertainment to $34.00 and set a “neutral” rating for the company in a research report on Friday. Citigroup decreased their price target on shares of AMC Entertainment from $6.00 to $5.00 and set a “sell” rating for the company in a research report on Thursday, July 7th. Finally, B. Riley decreased their price target on shares of AMC Entertainment from $16.00 to $11.00 and set a “neutral” rating for the company in a research report on Tuesday, June 21st. Four research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $14.38.

AMC Entertainment Profile

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AMC Entertainment Holdings, Inc, through its subsidiaries, engages in the theatrical exhibition business. The company owns, operates, or has interests in theaters in the United States and Europe. As of March 1, 2022, it operated approximately 950 theaters and 10,600 screens. The company was founded in 1920 and is headquartered in Leawood, Kansas.

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Institutional Ownership by Quarter for AMC Entertainment (NYSE:AMC)



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