SeaCrest Wealth Management LLC Takes $429,000 Position in AMC Entertainment Holdings Inc (AMC)

SeaCrest Wealth Management LLC bought a new stake in shares of AMC Entertainment Holdings Inc (NYSE:AMC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 28,390 shares of the company’s stock, valued at approximately $429,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of AMC. Independent Advisor Alliance purchased a new position in shares of AMC Entertainment in the 3rd quarter worth approximately $291,000. Aperio Group LLC purchased a new position in shares of AMC Entertainment in the 3rd quarter worth approximately $440,000. Bank of Nova Scotia purchased a new position in shares of AMC Entertainment in the 2nd quarter worth approximately $1,138,000. Corbyn Investment Management Inc. MD grew its position in shares of AMC Entertainment by 2.4% in the 3rd quarter. Corbyn Investment Management Inc. MD now owns 578,509 shares of the company’s stock worth $8,504,000 after buying an additional 13,755 shares during the last quarter. Finally, Fondren Management LP purchased a new position in shares of AMC Entertainment in the 2nd quarter worth approximately $1,138,000. 47.62% of the stock is currently owned by institutional investors and hedge funds.

Shares of AMC Entertainment Holdings Inc (AMC) opened at $14.20 on Thursday. The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.53 and a current ratio of 0.53. AMC Entertainment Holdings Inc has a 12 month low of $10.80 and a 12 month high of $32.10. The company has a market cap of $1,773.89, a P/E ratio of -11.09 and a beta of 1.10.

AMC Entertainment (NYSE:AMC) last announced its quarterly earnings data on Monday, November 6th. The company reported ($0.33) EPS for the quarter, missing the consensus estimate of ($0.29) by ($0.04). AMC Entertainment had a negative net margin of 3.87% and a negative return on equity of 6.20%. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the previous year, the firm posted $0.31 earnings per share. The business’s revenue was up 51.2% on a year-over-year basis. equities research analysts predict that AMC Entertainment Holdings Inc will post -1.23 earnings per share for the current year.

A number of research analysts have recently issued reports on AMC shares. Wedbush set a $19.00 price objective on shares of AMC Entertainment and gave the stock a “buy” rating in a research report on Monday, January 8th. B. Riley set a $31.00 target price on shares of AMC Entertainment and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Finally, Zacks Investment Research upgraded shares of AMC Entertainment from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research note on Tuesday, October 17th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $23.25.

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AMC Entertainment Company Profile

AMC Entertainment Holdings, Inc is a holding company. The Company, through its subsidiaries, including AMC Entertainment Inc (AMCE), American Multi-Cinema, Inc (OpCo) and its subsidiaries, is engaged in the theatrical exhibition business. It operates through theatrical exhibition operations segment. It licenses first-run motion pictures from distributors owned by film production companies and from independent distributors.

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Institutional Ownership by Quarter for AMC Entertainment (NYSE:AMC)

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