196,213 Shares in AMC Entertainment Holdings, Inc. (NYSE:AMC) Purchased by Virtu Financial LLC

Virtu Financial LLC acquired a new stake in shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 196,213 shares of the company’s stock, valued at approximately $893,000.

Several other large investors also recently modified their holdings of AMC. Renaissance Technologies LLC lifted its position in shares of AMC Entertainment by 18.2% during the 2nd quarter. Renaissance Technologies LLC now owns 10,285,826 shares of the company’s stock worth $51,223,000 after buying an additional 1,585,430 shares during the period. Geode Capital Management LLC lifted its holdings in shares of AMC Entertainment by 12.1% during the third quarter. Geode Capital Management LLC now owns 8,047,182 shares of the company’s stock valued at $36,622,000 after acquiring an additional 866,757 shares during the period. State Street Corp boosted its stake in shares of AMC Entertainment by 14.6% in the 3rd quarter. State Street Corp now owns 7,353,442 shares of the company’s stock valued at $33,458,000 after purchasing an additional 936,618 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of AMC Entertainment by 153.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,705,500 shares of the company’s stock worth $16,860,000 after purchasing an additional 2,243,052 shares during the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of AMC Entertainment during the 2nd quarter worth about $6,775,000. 28.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Macquarie restated an “underperform” rating and issued a $4.00 price target on shares of AMC Entertainment in a research report on Wednesday, November 13th. StockNews.com upgraded AMC Entertainment to a “sell” rating in a research report on Tuesday, November 12th. Benchmark reiterated a “hold” rating on shares of AMC Entertainment in a research report on Thursday, November 7th. Finally, B. Riley decreased their target price on AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Four research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. According to data from MarketBeat.com, AMC Entertainment presently has a consensus rating of “Reduce” and a consensus price target of $5.44.

AMC Entertainment Price Performance

AMC stock opened at $4.18 on Friday. The company has a 50 day moving average price of $4.47 and a 200 day moving average price of $4.76. AMC Entertainment Holdings, Inc. has a fifty-two week low of $2.38 and a fifty-two week high of $11.88. The stock has a market capitalization of $1.57 billion, a PE ratio of -2.60 and a beta of 1.85.

AMC Entertainment (NYSE:AMC) last released its earnings results on Wednesday, November 6th. The company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.03. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.33 billion. The company’s revenue was down 4.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.09) EPS. As a group, equities analysts expect that AMC Entertainment Holdings, Inc. will post -1.41 earnings per share for the current fiscal 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.