Balyasny Asset Management L.P. Takes $3.65 Million Position in AMC Entertainment Holdings, Inc. (NYSE:AMC)

Balyasny Asset Management L.P. acquired a new stake in AMC Entertainment Holdings, Inc. (NYSE:AMC) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 915,980 shares of the company’s stock, valued at approximately $3,646,000.

Several other institutional investors have also modified their holdings of AMC. Franklin Resources Inc. acquired a new stake in shares of AMC Entertainment during the third quarter worth $788,000. JPMorgan Chase & Co. raised its position in shares of AMC Entertainment by 431.5% during the third quarter. JPMorgan Chase & Co. now owns 1,182,049 shares of the company’s stock worth $5,378,000 after purchasing an additional 959,642 shares during the period. Traphagen Investment Advisors LLC acquired a new stake in shares of AMC Entertainment during the fourth quarter worth $64,000. KBC Group NV raised its position in shares of AMC Entertainment by 7,771.5% during the fourth quarter. KBC Group NV now owns 648,141 shares of the company’s stock worth $2,580,000 after purchasing an additional 639,907 shares during the period. Finally, Rhumbline Advisers raised its position in shares of AMC Entertainment by 3.4% during the fourth quarter. Rhumbline Advisers now owns 511,171 shares of the company’s stock worth $2,034,000 after purchasing an additional 16,675 shares during the period. Institutional investors and hedge funds own 28.80% of the company’s stock.

AMC Entertainment Price Performance

Shares of NYSE AMC opened at $2.74 on Monday. The business’s 50-day moving average price is $2.84 and its two-hundred day moving average price is $3.57. AMC Entertainment Holdings, Inc. has a one year low of $2.45 and a one year high of $11.88. The company has a market capitalization of $1.18 billion, a P/E ratio of -1.70 and a beta of 1.41.

AMC Entertainment (NYSE:AMC) last issued its earnings results on Wednesday, May 7th. The company reported ($0.58) EPS for the quarter, beating analysts’ consensus estimates of ($0.61) by $0.03. The firm had revenue of $862.50 million during the quarter, compared to analysts’ expectations of $983.23 million. During the same quarter last year, the firm earned ($0.62) EPS. The business’s revenue for the quarter was down 9.3% compared to the same quarter last year. On average, equities analysts anticipate that AMC Entertainment Holdings, Inc. will post -1.38 EPS for the current year.

Analyst Ratings Changes

AMC has been the topic of a number of recent analyst reports. Roth Mkm cut their target price on AMC Entertainment from $3.25 to $3.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 16th. Benchmark reissued a “hold” rating on shares of AMC Entertainment in a research report on Monday, March 3rd. Roth Capital set a $3.25 price target on AMC Entertainment in a research report on Tuesday, February 4th. StockNews.com raised AMC Entertainment to a “sell” rating in a research report on Saturday, February 22nd. Finally, Macquarie reissued a “neutral” rating and set a $4.00 price target on shares of AMC Entertainment in a research report on Wednesday, February 26th. Three research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $4.65.

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.