Quadrature Capital Ltd Sells 491,428 Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC)

Quadrature Capital Ltd lowered its stake in shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) by 60.1% during the 1st quarter, Holdings Channel.com reports. The fund owned 326,649 shares of the company’s stock after selling 491,428 shares during the quarter. Quadrature Capital Ltd’s holdings in AMC Entertainment were worth $1,217,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AMC. Vanguard Group Inc. grew its holdings in shares of AMC Entertainment by 48.3% in the fourth quarter. Vanguard Group Inc. now owns 20,187,662 shares of the company’s stock worth $123,548,000 after acquiring an additional 6,577,228 shares during the period. Norges Bank purchased a new stake in shares of AMC Entertainment during the 4th quarter valued at about $12,605,000. Boulder Hill Capital Management LP purchased a new position in shares of AMC Entertainment in the first quarter worth approximately $2,842,000. Capstone Investment Advisors LLC bought a new position in AMC Entertainment in the first quarter worth approximately $2,043,000. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of AMC Entertainment during the 1st quarter worth $1,270,000. Institutional investors own 28.80% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Wedbush boosted their price target on AMC Entertainment from $3.50 to $4.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. Citigroup raised their target price on shares of AMC Entertainment from $3.10 to $3.20 and gave the stock a “sell” rating in a research note on Tuesday, May 14th. Finally, Macquarie upped their price target on shares of AMC Entertainment from $3.50 to $4.00 and gave the stock an “underperform” rating in a research report on Tuesday, July 9th. Five equities research 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 company has an average rating of “Reduce” and a consensus price target of $5.37.

AMC Entertainment Stock Up 0.8 %

Shares of AMC Entertainment stock traded up $0.04 on Friday, reaching $5.18. The stock had a trading volume of 17,755,874 shares, compared to its average volume of 20,242,994. The company has a 50 day moving average price of $4.97 and a 200 day moving average price of $4.33. AMC Entertainment Holdings, Inc. has a 1 year low of $2.38 and a 1 year high of $54.60.

AMC Entertainment (NYSE:AMC) last released its earnings results on Wednesday, May 8th. The company reported ($0.78) EPS for the quarter, missing analysts’ consensus estimates of ($0.62) by ($0.16). The company had revenue of $951.40 million for the quarter, compared to the consensus estimate of $951.40 million. On average, sell-side analysts predict that AMC Entertainment Holdings, Inc. will post -0.48 EPS for the current fiscal year.

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.