Skandinaviska Enskilda Banken AB publ Invests $227,000 in AMC Entertainment Holdings, Inc. (NYSE:AMC)

Skandinaviska Enskilda Banken AB publ bought a new position in AMC Entertainment Holdings, Inc. (NYSE:AMC) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 4,000 shares of the company’s stock, valued at approximately $227,000.

Other hedge funds also recently added to or reduced their stakes in the company. Evolution Wealth Advisors LLC purchased a new position in shares of AMC Entertainment in the second quarter worth $28,000. Rockefeller Capital Management L.P. bought a new stake in AMC Entertainment in the second quarter worth $28,000. Rockbridge Investment Management LCC bought a new stake in AMC Entertainment in the second quarter worth $31,000. TCI Wealth Advisors Inc. increased its position in AMC Entertainment by 221.0% in the second quarter. TCI Wealth Advisors Inc. now owns 642 shares of the company’s stock worth $36,000 after purchasing an additional 442 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC increased its position in AMC Entertainment by 42,100.0% in the second quarter. O Shaughnessy Asset Management LLC now owns 844 shares of the company’s stock worth $48,000 after purchasing an additional 842 shares during the last quarter. 24.90% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts recently weighed in on AMC shares. Wedbush restated a “hold” rating and issued a $7.50 price target on shares of AMC Entertainment in a research report on Thursday, August 12th. Citigroup boosted their price objective on shares of AMC Entertainment from $3.70 to $5.00 and gave the company a “sell” rating in a research report on Thursday, August 19th. Zacks Investment Research cut shares of AMC Entertainment from a “buy” rating to a “hold” rating in a research report on Thursday, July 22nd. B. Riley cut shares of AMC Entertainment from a “buy” rating to a “neutral” rating and set a $16.00 price objective on the stock. in a research report on Wednesday, May 26th. Finally, Macquarie cut shares of AMC Entertainment from a “neutral” rating to an “underperform” rating in a research report on Wednesday, September 1st. Five equities research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Sell” and an average price target of $10.36.

In other news, CFO Sean D. Goodman sold 45,405 shares of the business’s stock in a transaction on Monday, August 16th. The shares were sold at an average price of $34.79, for a total transaction of $1,579,639.95. Following the completion of the sale, the chief financial officer now directly owns 111,300 shares of the company’s stock, valued at $3,872,127. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.58% of the stock is currently owned by insiders.

Shares of AMC opened at $40.08 on Thursday. The firm has a market capitalization of $20.57 billion, a P/E ratio of -2.39 and a beta of 1.27. AMC Entertainment Holdings, Inc. has a 12-month low of $1.91 and a 12-month high of $72.62. The firm has a fifty day moving average price of $39.68 and a 200-day moving average price of $30.53.

AMC Entertainment (NYSE:AMC) last issued its earnings results on Sunday, August 8th. The company reported ($0.71) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.91) by $0.20. The company had revenue of $444.70 million for the quarter, compared to analysts’ expectations of $382.11 million. The firm’s revenue for the quarter was up 2252.9% compared to the same quarter last year. During the same period in the prior year, the firm posted ($5.44) earnings per share. As a group, equities analysts forecast that AMC Entertainment Holdings, Inc. will post -2.75 EPS for the current year.

AMC Entertainment Company Profile

AMC Entertainment Holdings, Inc engages in the theatrical exhibition business through its subsidiaries. It operates through the United States Markets and International Markets segments. The United States segment involves in the activity in the U.S. specifically in New York, Los Angeles, Chicago, Atlanta, and Washington, DC.

Further Reading: What is Cost of Capital?

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

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