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

Los Angeles Capital Management LLC lowered its position in AMC Entertainment Holdings, Inc. (NYSE:AMC) by 53.3% during the 2nd quarter, Holdings Channel reports. The fund 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 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in AMC. Vanguard Group Inc. grew its holdings in AMC Entertainment by 16.2% during the first quarter. Vanguard Group Inc. now owns 42,815,896 shares of the company’s stock worth $122,882,000 after buying an additional 5,961,337 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in AMC Entertainment by 1.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 4,074,378 shares of the company’s stock worth $11,693,000 after purchasing an additional 41,859 shares during the period. Northern Trust Corp grew its stake in AMC Entertainment by 6.7% in the 1st quarter. Northern Trust Corp now owns 3,540,656 shares of the company’s stock valued at $10,162,000 after buying an additional 222,375 shares in the last quarter. GMT Capital Corp bought a new stake in shares of AMC Entertainment during the 1st quarter valued at $5,212,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of AMC Entertainment by 12.9% in the first quarter. Bank of New York Mellon Corp now owns 1,069,693 shares of the company’s stock worth $3,070,000 after buying an additional 121,905 shares in the last quarter. Institutional investors and hedge funds own 28.80% of the company’s stock.

Wall Street Analysts Forecast Growth

AMC has been the topic of a number of research analyst reports. Wall Street Zen lowered AMC Entertainment from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 8th. Weiss Ratings reiterated a “sell (e+)” rating on shares of AMC Entertainment in a research report on Wednesday, October 8th. Zacks Research lowered AMC Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 7th. Finally, 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 research report on Thursday, November 13th. One analyst has rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $3.26.

AMC Entertainment Stock Performance

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

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

About AMC Entertainment

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.