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

VIRGINIA RETIREMENT SYSTEMS ET Al boosted its stake in shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) by 447.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 425,400 shares of the company’s stock after buying an additional 347,700 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in AMC Entertainment were worth $1,276,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Readystate Asset Management LP acquired a new stake in shares of AMC Entertainment in the second quarter valued at about $8,343,000. Fund 1 Investments LLC bought a new position in shares of AMC Entertainment during the second quarter worth about $4,192,000. Headlands Technologies LLC bought a new position in shares of AMC Entertainment during the second quarter worth about $1,643,000. Bank of America Corp DE lifted its stake in shares of AMC Entertainment by 34.3% in the first quarter. Bank of America Corp DE now owns 543,857 shares of the company’s stock worth $533,000 after acquiring an additional 138,853 shares during the period. Finally, WINTON GROUP Ltd acquired a new position in shares of AMC Entertainment in the second quarter worth approximately $969,000. Institutional investors own 28.80% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. Weiss Ratings upgraded AMC Entertainment from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, August 31st. Texas Capital raised shares of AMC Entertainment from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 15th. Zacks Research upgraded shares of AMC Entertainment from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 13th. Needham & Company LLC set a $3.50 price target on shares of AMC Entertainment in a research report on Tuesday, July 21st. Finally, Benchmark restated a “buy” rating and issued a $3.00 price target (up from $2.50) on shares of AMC Entertainment in a research report on Tuesday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, AMC Entertainment has a consensus rating of “Moderate Buy” and an average price target 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 market capitalization of $3.12 billion, a price-to-earnings ratio of -3.27 and a beta of 2.03. The business’s 50-day moving average is $2.85 and its 200-day moving average is $2.00. 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 released 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 period in the prior year, the business earned ($0.21) EPS. The company’s revenue for the quarter was up 31.6% on a year-over-year basis. Analysts anticipate that AMC Entertainment Holdings, Inc. will post -0.06 EPS for the current year.

AMC Entertainment Company 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.