AIA Group Ltd Purchases 2,385 Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC)

AIA Group Ltd grew its position in AMC Entertainment Holdings, Inc. (NYSE:AMCGet Rating) by 50.2% during the first quarter, HoldingsChannel.com reports. The firm owned 7,135 shares of the company’s stock after buying an additional 2,385 shares during the quarter. AIA Group Ltd’s holdings in AMC Entertainment were worth $176,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. IFM Investors Pty Ltd lifted its holdings in shares of AMC Entertainment by 13.8% in the first quarter. IFM Investors Pty Ltd now owns 75,636 shares of the company’s stock valued at $1,864,000 after purchasing an additional 9,154 shares in the last quarter. SJS Investment Consulting Inc. bought a new stake in shares of AMC Entertainment in the first quarter valued at about $37,000. Larson Financial Group LLC lifted its holdings in shares of AMC Entertainment by 17.5% in the first quarter. Larson Financial Group LLC now owns 6,036 shares of the company’s stock valued at $149,000 after purchasing an additional 897 shares in the last quarter. California Public Employees Retirement System increased its position in shares of AMC Entertainment by 25.2% in the first quarter. California Public Employees Retirement System now owns 775,392 shares of the company’s stock valued at $19,106,000 after acquiring an additional 155,992 shares during the last quarter. Finally, Advisor Group Holdings Inc. increased its position in shares of AMC Entertainment by 19.0% in the first quarter. Advisor Group Holdings Inc. now owns 99,220 shares of the company’s stock valued at $2,333,000 after acquiring an additional 15,841 shares during the last quarter. 34.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. B. Riley lowered their target price on AMC Entertainment from $16.00 to $11.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 21st. The Goldman Sachs Group lowered their target price on AMC Entertainment to $34.00 and set a “neutral” rating on the stock in a research report on Friday, July 29th. Wedbush reissued an “underperform” rating and set a $4.00 price target on shares of AMC Entertainment in a research report on Tuesday. StockNews.com raised AMC Entertainment to a “sell” rating in a research report on Wednesday, July 20th. Finally, Citigroup lowered their price target on AMC Entertainment from $6.00 to $5.00 and set a “sell” rating on the stock in a research report on Thursday, July 7th. Four research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $13.50.

AMC Entertainment Price Performance

Shares of AMC stock opened at $22.18 on Friday. The business’s 50-day moving average price is $14.26 and its 200-day moving average price is $15.90. AMC Entertainment Holdings, Inc. has a 12 month low of $9.70 and a 12 month high of $52.79.

AMC Entertainment (NYSE:AMCGet Rating) last announced its quarterly earnings results on Thursday, August 4th. The company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.03). The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter last year, the firm earned ($0.71) earnings per share. The company’s quarterly revenue was up 162.3% on a year-over-year basis. Analysts predict that AMC Entertainment Holdings, Inc. will post -1.13 earnings per share for the current year.

AMC Entertainment Profile

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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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