Headlands Technologies LLC Invests $909,000 in AMC Entertainment Holdings, Inc. (NYSE:AMC)

Headlands Technologies LLC acquired a new stake in AMC Entertainment Holdings, Inc. (NYSE:AMC) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 148,497 shares of the company’s stock, valued at approximately $909,000.

Several other institutional investors and hedge funds also recently made changes to their positions in AMC. Qube Research & Technologies Ltd raised its stake in AMC Entertainment by 935.5% during the 3rd quarter. Qube Research & Technologies Ltd now owns 814,308 shares of the company’s stock worth $6,506,000 after buying an additional 735,666 shares during the period. Canada Pension Plan Investment Board acquired a new position in shares of AMC Entertainment during the third quarter worth approximately $5,582,000. HBK Sorce Advisory LLC raised its holdings in AMC Entertainment by 31.2% during the fourth quarter. HBK Sorce Advisory LLC now owns 27,459 shares of the company’s stock worth $168,000 after buying an additional 6,525 shares during the last quarter. Oak Thistle LLC acquired a new position in AMC Entertainment during the fourth quarter worth $459,000. Finally, Exchange Traded Concepts LLC raised its holdings in AMC Entertainment by 63.5% during the third quarter. Exchange Traded Concepts LLC now owns 14,806 shares of the company’s stock worth $118,000 after buying an additional 5,748 shares during the last quarter. Institutional investors own 28.80% of the company’s stock.

Wall Street Analyst Weigh In

AMC has been the topic of a number of analyst reports. B. Riley lowered their target price on shares of AMC Entertainment from $12.00 to $8.00 and set a “neutral” rating on the stock in a report on Thursday, February 29th. Wedbush lowered their price objective on AMC Entertainment from $6.00 to $4.00 and set a “neutral” rating for the company in a research note on Thursday, April 18th. Four investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. Based on data from MarketBeat.com, AMC Entertainment has an average rating of “Reduce” and a consensus target price of $5.95.

AMC Entertainment Price Performance

Shares of NYSE AMC traded up $0.13 during mid-day trading on Friday, hitting $3.41. The company had a trading volume of 15,423,909 shares, compared to its average volume of 18,500,224. AMC Entertainment Holdings, Inc. has a 1 year low of $2.38 and a 1 year high of $62.30. The stock’s 50-day moving average price is $3.83 and its 200-day moving average price is $5.72.

AMC Entertainment (NYSE:AMC) last posted its earnings results on Wednesday, February 28th. The company reported ($0.54) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.70) by $0.16. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.06 billion. Equities research analysts anticipate that AMC Entertainment Holdings, Inc. will post -1.61 earnings per share for the current year.

AMC Entertainment Profile

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.