Bank of New York Mellon Corp Has $1.37 Million Stock Position in AMC Entertainment Holdings, Inc. (NYSE:AMC)

Bank of New York Mellon Corp reduced its stake in AMC Entertainment Holdings, Inc. (NYSE:AMCFree Report) by 89.0% in the third quarter, Holdings Channel.com reports. The fund owned 171,747 shares of the company’s stock after selling 1,389,824 shares during the period. Bank of New York Mellon Corp’s holdings in AMC Entertainment were worth $1,372,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in AMC. Covestor Ltd grew its stake in shares of AMC Entertainment by 417.6% during the first quarter. Covestor Ltd now owns 1,061 shares of the company’s stock valued at $26,000 after buying an additional 856 shares during the last quarter. Neuberger Berman Group LLC grew its stake in shares of AMC Entertainment by 12.9% during the third quarter. Neuberger Berman Group LLC now owns 11,944 shares of the company’s stock valued at $83,000 after buying an additional 1,366 shares during the last quarter. Guggenheim Capital LLC grew its stake in shares of AMC Entertainment by 16.1% during the third quarter. Guggenheim Capital LLC now owns 15,422 shares of the company’s stock valued at $107,000 after buying an additional 2,134 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of AMC Entertainment by 4.4% during the first quarter. Principal Financial Group Inc. now owns 51,374 shares of the company’s stock valued at $257,000 after buying an additional 2,145 shares during the last quarter. Finally, Creative Planning grew its stake in shares of AMC Entertainment by 22.1% in the fourth quarter. Creative Planning now owns 13,534 shares of the company’s stock worth $55,000 after purchasing an additional 2,450 shares during the last quarter. 28.79% of the stock is owned by institutional investors.

AMC Entertainment Stock Performance

AMC Entertainment stock opened at $3.94 on Thursday. The stock’s 50 day simple moving average is $5.46 and its two-hundred day simple moving average is $13.35. The stock has a market cap of $781.54 million, a price-to-earnings ratio of -0.96 and a beta of 1.64. AMC Entertainment Holdings, Inc. has a fifty-two week low of $3.59 and a fifty-two week high of $85.30.

AMC Entertainment (NYSE:AMCGet Free Report) last posted its quarterly earnings data on Wednesday, November 8th. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.11. The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.26 billion. The business’s revenue was up 45.2% compared to the same quarter last year. During the same period in the previous year, the firm posted ($2.00) earnings per share. On average, analysts predict that AMC Entertainment Holdings, Inc. will post -2.13 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on AMC shares. B. Riley cut their target price on AMC Entertainment from $15.00 to $12.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 2nd. Roth Mkm raised their target price on AMC Entertainment to $5.00 and gave the stock a “sell” rating in a research note on Tuesday, October 17th. Five analysts have rated the stock with a sell rating and two have given a hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $9.75.

Read Our Latest Analysis on AMC Entertainment

AMC Entertainment Company Profile

(Free Report)

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. AMC Entertainment Holdings, Inc was founded in 1920 and is headquartered in Leawood, Kansas.

See Also

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

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