Van ECK Associates Corp Has $1.59 Million Position in AMC Entertainment Holdings, Inc. (NYSE:AMC)

Van ECK Associates Corp boosted its holdings in AMC Entertainment Holdings, Inc. (NYSE:AMCGet Rating) by 41.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 227,796 shares of the company’s stock after acquiring an additional 66,870 shares during the quarter. Van ECK Associates Corp’s holdings in AMC Entertainment were worth $1,588,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of AMC. American Century Companies Inc. increased its stake in AMC Entertainment by 17.5% in the first quarter. American Century Companies Inc. now owns 20,312 shares of the company’s stock valued at $500,000 after purchasing an additional 3,020 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in AMC Entertainment by 49.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 44,525 shares of the company’s stock valued at $1,097,000 after purchasing an additional 14,732 shares in the last quarter. Panagora Asset Management Inc. increased its stake in AMC Entertainment by 141.2% in the first quarter. Panagora Asset Management Inc. now owns 50,244 shares of the company’s stock valued at $1,238,000 after purchasing an additional 29,413 shares in the last quarter. Cibc World Market Inc. bought a new stake in AMC Entertainment in the first quarter valued at approximately $321,000. Finally, Prudential PLC bought a new stake in AMC Entertainment in the first quarter valued at approximately $275,000. Institutional investors own 26.14% of the company’s stock.

Analyst Ratings Changes

AMC has been the subject of several research reports. B. Riley lowered their price objective on shares of AMC Entertainment from $7.50 to $4.50 and set a “neutral” rating for the company in a research report on Tuesday, January 3rd. StockNews.com initiated coverage on shares of AMC Entertainment in a research report on Wednesday, October 12th. They set a “sell” rating for the company. Finally, Citigroup lowered their price objective on shares of AMC Entertainment from $1.20 to $1.10 in a research report on Friday, November 25th. Three investment analysts have rated the stock with a sell rating and two have given a hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $3.12.

AMC Entertainment Trading Up 0.8 %

Shares of AMC opened at $5.06 on Friday. AMC Entertainment Holdings, Inc. has a 12 month low of $3.77 and a 12 month high of $34.33. The firm has a fifty day simple moving average of $5.83 and a 200 day simple moving average of $6.16. The stock has a market capitalization of $2.62 billion, a price-to-earnings ratio of -3.69 and a beta of 1.77.

AMC Entertainment (NYSE:AMCGet Rating) last announced its earnings results on Tuesday, November 8th. The company reported ($0.20) EPS for the quarter, topping the consensus estimate of ($0.25) by $0.05. The business had revenue of $968.40 million for the quarter, compared to analyst estimates of $967.00 million. As a group, research analysts predict that AMC Entertainment Holdings, Inc. will post -0.83 earnings per share for the current fiscal year.

Insider Buying and Selling

In other AMC Entertainment news, CFO Sean D. Goodman sold 80,750 shares of the stock in a transaction on Wednesday, January 11th. The shares were sold at an average price of $4.68, for a total value of $377,910.00. Following the completion of the sale, the chief financial officer now owns 4,420 shares in the company, valued at $20,685.60. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.22% of the stock is currently owned by corporate insiders.

AMC Entertainment Profile

(Get Rating)

AMC Entertainment Holdings, Inc, through its subsidiaries, engages in the theatrical exhibition business. The company owns, operates, or has interests in theatres in the United States and Europe. As of March 1, 2022, it operated approximately 950 theatres 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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