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

Tyche Wealth Partners LLC trimmed its position in shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) by 22.2% during 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 SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Private Advisor Group LLC lifted its stake in AMC Entertainment by 27.5% during the 3rd quarter. Private Advisor Group LLC now owns 15,011 shares of the company’s stock worth $68,000 after acquiring an additional 3,237 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of AMC Entertainment by 10.3% in the second quarter. Victory Capital Management Inc. now owns 38,050 shares of the company’s stock valued at $189,000 after purchasing an additional 3,553 shares in the last quarter. Waldron Private Wealth LLC grew its holdings in shares of AMC Entertainment by 47.0% in the second quarter. Waldron Private Wealth LLC now owns 17,071 shares of the company’s stock valued at $85,000 after purchasing an additional 5,459 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in AMC Entertainment by 14.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,228 shares of the company’s stock worth $230,000 after buying an additional 5,902 shares during the period. Finally, Wolverine Asset Management LLC lifted its holdings in AMC Entertainment by 17.0% during the 2nd quarter. Wolverine Asset Management LLC now owns 45,066 shares of the company’s stock worth $224,000 after buying an additional 6,555 shares in the last quarter. 28.80% of the stock is currently owned by hedge funds and other institutional investors.

AMC Entertainment Price Performance

NYSE:AMC opened at $4.45 on Wednesday. AMC Entertainment Holdings, Inc. has a 12 month low of $2.38 and a 12 month high of $11.88. The firm has a market capitalization of $1.31 billion, a PE ratio of -3.50 and a beta of 1.80. The business’s fifty day moving average price is $4.60 and its 200 day moving average price is $4.58.

AMC Entertainment (NYSE:AMC) last released its quarterly earnings data on Friday, August 2nd. The company reported ($0.43) EPS for the quarter, meeting analysts’ consensus estimates of ($0.43). The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. The company’s quarterly revenue was down 23.1% on a year-over-year basis. As a group, equities analysts anticipate that AMC Entertainment Holdings, Inc. will post -1.34 EPS for the current year.

Analysts Set New Price Targets

AMC has been the subject of several research reports. Macquarie boosted their price target on shares of AMC Entertainment from $3.50 to $4.00 and gave the stock an “underperform” rating in a research note on Tuesday, July 9th. Morgan Stanley lowered their target price on AMC Entertainment from $11.00 to $10.00 and set an “underweight” rating for the company in a research note on Monday, August 12th. Benchmark reaffirmed a “hold” rating on shares of AMC Entertainment in a research report on Monday, August 5th. Finally, Wedbush reissued a “neutral” rating and set a $4.00 price objective on shares of AMC Entertainment in a research report on Monday, August 5th. Three investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. Based on data from MarketBeat, AMC Entertainment currently has an average 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.