106,294 Shares in AMC Entertainment Holdings, Inc. (NYSE:AMC) Acquired by XTX Topco Ltd

XTX Topco Ltd acquired a new stake in AMC Entertainment Holdings, Inc. (NYSE:AMC) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 106,294 shares of the company’s stock, valued at approximately $484,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. KBC Group NV purchased a new position in shares of AMC Entertainment in the 3rd quarter valued at about $37,000. Creative Planning acquired a new stake in shares of AMC Entertainment during the third quarter worth about $48,000. Skylands Capital LLC acquired a new stake in shares of AMC Entertainment in the 2nd quarter valued at about $50,000. Amalgamated Bank grew its stake in AMC Entertainment by 31.5% during the 3rd quarter. Amalgamated Bank now owns 11,568 shares of the company’s stock worth $53,000 after buying an additional 2,771 shares during the last quarter. Finally, Burns Matteson Capital Management LLC acquired a new stake in shares of AMC Entertainment in the third quarter valued at approximately $55,000. Institutional investors and hedge funds own 28.80% of the company’s stock.

AMC Entertainment Stock Performance

AMC Entertainment stock opened at $4.18 on Friday. 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 fifty day moving average of $4.47 and a two-hundred day moving average of $4.76. The company has a market capitalization of $1.57 billion, a price-to-earnings 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 (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.03. The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.33 billion. AMC Entertainment’s revenue for the quarter was down 4.1% on a year-over-year basis. During the same quarter last year, the company posted ($0.09) earnings per share. On average, analysts forecast that AMC Entertainment Holdings, Inc. will post -1.41 EPS for the current fiscal year.

Analyst Ratings Changes

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

AMC Entertainment Company 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.