Fund 1 Investments LLC Invests $4.19 Million in AMC Entertainment Holdings, Inc. $AMC

Fund 1 Investments LLC acquired a new stake in AMC Entertainment Holdings, Inc. (NYSE:AMC) in the second quarter, HoldingsChannel.com reports. The fund acquired 2,206,321 shares of the company’s stock, valued at approximately $4,192,000. AMC Entertainment accounts for 0.7% of Fund 1 Investments LLC’s portfolio, making the stock its 25th biggest position.

A number of other institutional investors also recently added to or reduced their stakes in the business. Victory Capital Management Inc. increased its position in AMC Entertainment by 14.3% during the 3rd quarter. Victory Capital Management Inc. now owns 58,710 shares of the company’s stock worth $170,000 after purchasing an additional 7,339 shares during the period. Optimize Financial Inc lifted its holdings in shares of AMC Entertainment by 1.5% in the 4th quarter. Optimize Financial Inc now owns 543,906 shares of the company’s stock valued at $848,000 after buying an additional 7,824 shares during the period. Hsbc Holdings PLC lifted its holdings in shares of AMC Entertainment by 9.2% in the 2nd quarter. Hsbc Holdings PLC now owns 102,506 shares of the company’s stock valued at $315,000 after buying an additional 8,629 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of AMC Entertainment by 4.0% in the 4th quarter. The Manufacturers Life Insurance Company now owns 235,395 shares of the company’s stock valued at $367,000 after buying an additional 9,051 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in shares of AMC Entertainment by 26.3% in the fourth quarter. Russell Investments Group Ltd. now owns 51,273 shares of the company’s stock valued at $80,000 after buying an additional 10,675 shares in the last quarter. Hedge funds and other institutional investors own 28.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on AMC shares. Weiss Ratings lowered AMC Entertainment from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, August 17th. B. Riley Financial reissued a “neutral” rating and issued a $2.50 target price (up from $2.25) on shares of AMC Entertainment in a report on Wednesday, July 22nd. Wedbush restated an “outperform” rating and set a $4.00 target price (up from $3.00) on shares of AMC Entertainment in a research report on Tuesday, July 21st. Benchmark reaffirmed a “buy” rating and set a $3.00 price target (up from $2.50) on shares of AMC Entertainment in a research note on Tuesday, July 21st. Finally, Citigroup reiterated a “sell” rating on shares of AMC Entertainment in a report on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $2.53.

AMC Entertainment Stock Performance

Shares of AMC stock opened at $2.63 on Thursday. The stock has a fifty day moving average price of $2.33 and a 200 day moving average price of $1.75. The stock has a market cap of $2.35 billion, a PE ratio of -2.46 and a beta of 2.06. AMC Entertainment Holdings, Inc. has a 1 year low of $0.93 and a 1 year high of $3.18.

AMC Entertainment (NYSE:AMC) last posted its earnings results on Monday, July 20th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.17. The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.50 billion. As a group, equities research analysts predict that AMC Entertainment Holdings, Inc. will post -0.2 earnings per share for the current year.

AMC Entertainment Company Profile

AMC Entertainment Holdings, Inc operates as a leading movie exhibition company, specializing in the presentation of theatrical motion pictures across a network of multiplex cinemas. The company’s core business activities encompass ticket sales, concession and refreshment services, and the licensing of premium viewing formats. AMC offers a variety of auditorium experiences, including IMAX®, Dolby Cinema™, and Cinemark’s RealD 3D systems, designed to enhance audience engagement through superior sound, visual clarity, and seating comfort.

Originally founded in 1920 with its first theatre in Kansas City, AMC has evolved into one of the largest theater chains in the world.