Headlands Technologies LLC Takes Position in AMC Entertainment Holdings, Inc. (NYSE:AMC)

Headlands Technologies LLC bought a new position in shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 148,497 shares of the company’s stock, valued at approximately $909,000. Headlands Technologies LLC owned 0.07% of AMC Entertainment as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of AMC. Exchange Traded Concepts LLC grew its holdings in AMC Entertainment by 63.5% in the third quarter. Exchange Traded Concepts LLC now owns 14,806 shares of the company’s stock valued at $118,000 after purchasing an additional 5,748 shares during the period. San Luis Wealth Advisors LLC purchased a new position in AMC Entertainment during the third quarter valued at $82,000. Lynwood Capital Management Inc. purchased a new stake in shares of AMC Entertainment during the third quarter worth about $400,000. Jump Financial LLC purchased a new position in shares of AMC Entertainment in the third quarter valued at approximately $165,000. Finally, Quantbot Technologies LP boosted its stake in AMC Entertainment by 1,391.7% during the 3rd quarter. Quantbot Technologies LP now owns 60,386 shares of the company’s stock worth $482,000 after purchasing an additional 56,338 shares during the last quarter. 28.80% of the stock is currently owned by hedge funds and other institutional investors.

AMC Entertainment Price Performance

AMC traded up $0.13 during mid-day trading on Friday, hitting $3.41. 15,423,909 shares of the stock were exchanged, 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 firm’s fifty day moving average is $3.83 and its two-hundred day moving average is $5.72.

AMC Entertainment (NYSE:AMC) last released its earnings results on Wednesday, February 28th. The company reported ($0.54) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.70) by $0.16. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.06 billion. As a group, sell-side analysts expect that AMC Entertainment Holdings, Inc. will post -1.61 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on AMC. B. Riley lowered their price objective on AMC Entertainment from $12.00 to $8.00 and set a “neutral” rating on the stock in a research note on Thursday, February 29th. Wedbush decreased their price target on AMC Entertainment from $6.00 to $4.00 and set a “neutral” rating on the stock in a research note on Thursday, April 18th. Four analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $5.95.

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.