Tyche Wealth Partners LLC Decreases Holdings in AMC Entertainment Holdings, Inc. (NYSE:AMC)

Tyche Wealth Partners LLC lowered its stake in shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) by 22.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,000 shares of the company’s stock after selling 4,000 shares during the period. Tyche Wealth Partners LLC’s holdings in AMC Entertainment were worth $64,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of AMC. Vanguard Group Inc. increased its stake in AMC Entertainment by 48.3% during the 4th quarter. Vanguard Group Inc. now owns 20,187,662 shares of the company’s stock worth $123,548,000 after buying an additional 6,577,228 shares in the last quarter. SG Americas Securities LLC raised its stake in AMC Entertainment by 1,894.0% in the 2nd quarter. SG Americas Securities LLC now owns 1,121,025 shares of the company’s stock valued at $5,583,000 after purchasing an additional 1,064,805 shares during the last quarter. Scientech Research LLC acquired a new position in AMC Entertainment in the 2nd quarter valued at $1,167,000. Bank of New York Mellon Corp lifted its holdings in AMC Entertainment by 92.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,086,600 shares of the company’s stock valued at $5,411,000 after purchasing an additional 522,063 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in AMC Entertainment by 24.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 65,620 shares of the company’s stock worth $245,000 after purchasing an additional 12,975 shares during the last quarter. Institutional investors and hedge funds own 28.80% of the company’s stock.

AMC Entertainment Price Performance

Shares of NYSE AMC opened at $4.45 on Wednesday. The company has a market capitalization of $1.31 billion, a P/E ratio of -3.50 and a beta of 1.80. The company has a 50 day simple moving average of $4.60 and a 200-day simple moving average of $4.58. AMC Entertainment Holdings, Inc. has a 1 year low of $2.38 and a 1 year high of $11.88.

AMC Entertainment (NYSE:AMC) last posted its earnings results on Friday, August 2nd. The company reported ($0.43) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.43). The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. AMC Entertainment’s revenue for the quarter was down 23.1% compared to the same quarter last year. As a group, research analysts expect that AMC Entertainment Holdings, Inc. will post -1.34 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on AMC. Morgan Stanley lowered their price target on shares of AMC Entertainment from $11.00 to $10.00 and set an “underweight” rating on the stock in a research report on Monday, August 12th. Macquarie upped their price target on AMC Entertainment from $3.50 to $4.00 and gave the company an “underperform” rating in a research report on Tuesday, July 9th. Wedbush reaffirmed a “neutral” rating and issued a $4.00 price target on shares of AMC Entertainment in a report on Monday, August 5th. Finally, Benchmark reissued a “hold” rating on shares of AMC Entertainment in a research note on Monday, August 5th. Three equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company. According to data from MarketBeat.com, AMC Entertainment currently has a consensus rating of “Hold” and an average price target of $5.84.

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.