AMC Entertainment Holdings, Inc. (NYSE:AMC) Shares Sold by Aviva PLC

Aviva PLC trimmed its holdings in AMC Entertainment Holdings, Inc. (NYSE:AMC – Get Rating) by 91.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 70,962 shares of the company’s stock after selling 724,622 shares during the quarter. Aviva PLC’s holdings in AMC Entertainment were worth $289,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in AMC. Exchange Traded Concepts LLC lifted its position in shares of AMC Entertainment by 41.2% during the 4th quarter. Exchange Traded Concepts LLC now owns 6,179 shares of the company’s stock worth $25,000 after buying an additional 1,804 shares during the last quarter. Covestor Ltd lifted its position in AMC Entertainment by 417.6% in the first quarter. Covestor Ltd now owns 1,061 shares of the company’s stock valued at $26,000 after acquiring an additional 856 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in AMC Entertainment in the fourth quarter valued at $34,000. Mercer Global Advisors Inc. ADV purchased a new position in shares of AMC Entertainment during the fourth quarter worth about $46,000. Finally, Raymond James & Associates acquired a new stake in shares of AMC Entertainment during the fourth quarter worth about $71,000. 26.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other AMC Entertainment news, major shareholder Antara Capital Lp sold 426,868 shares of AMC Entertainment stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $1.60, for a total value of $682,988.80. Following the sale, the insider now owns 148,202,848 shares of the company’s stock, valued at approximately $237,124,556.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 64,238,599 shares of company stock valued at $101,534,792 over the last ninety days. Corporate insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. StockNews.com upgraded AMC Entertainment to a “sell” rating in a research note on Friday, May 12th. Citigroup assumed coverage on shares of AMC Entertainment in a report on Thursday, March 23rd. They issued a “sell” rating and a $1.60 target price on the stock. Finally, Roth Capital reiterated a “sell” rating on shares of AMC Entertainment in a research note on Monday, February 13th. Four investment analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $3.22.

AMC Entertainment Trading Down 0.8 %

NYSE:AMC opened at $5.03 on Monday. AMC Entertainment Holdings, Inc. has a 12-month low of $3.77 and a 12-month high of $27.50. The stock’s 50 day simple moving average is $5.04 and its 200-day simple moving average is $5.53. The firm has a market cap of $2.61 billion, a P/E ratio of -5.65 and a beta of 1.80.

AMC Entertainment (NYSE:AMC – Get Rating) last announced its quarterly earnings data on Friday, May 5th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.04. The firm had revenue of $954.40 million during the quarter, compared to analyst estimates of $931.67 million. The business’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.52) earnings per share. Research analysts forecast that AMC Entertainment Holdings, Inc. will post -0.37 EPS for the current fiscal year.

AMC Entertainment Profile

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AMC Entertainment Holdings, Inc engages in the theatrical exhibition business through its subsidiaries. It operates through the U.S. Markets and International Markets segments. The U.S. Markets segment is involved in owning, leasing, or operating theaters and screens in the U.S. The International Markets segment focuses on owning, leasing, or operating theaters and screens in the United Kingdom, Germany, Spain, Italy, Ireland, Portugal, Sweden, Finland, Norway, Denmark, and Saudi Arabia.