AMC Entertainment Holdings, Inc. $AMC Stock Acquired by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP lifted its holdings in shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) by 736.1% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,033,874 shares of the company’s stock after buying an additional 910,214 shares during the quarter. Fulcrum Asset Management LLP’s holdings in AMC Entertainment were worth $3,184,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Yousif Capital Management LLC purchased a new stake in AMC Entertainment during the 3rd quarter valued at approximately $32,000. Miller Financial Services LLC purchased a new position in shares of AMC Entertainment in the 3rd quarter valued at approximately $33,000. Alta Advisers Ltd purchased a new position in shares of AMC Entertainment in the 3rd quarter valued at approximately $38,000. Summit Asset Management LLC acquired a new position in shares of AMC Entertainment in the second quarter valued at approximately $28,000. Finally, StoneX Group Inc. acquired a new position in shares of AMC Entertainment in the third quarter valued at approximately $44,000. Institutional investors and hedge funds own 28.80% of the company’s stock.

AMC Entertainment Price Performance

NYSE AMC opened at $3.38 on Tuesday. AMC Entertainment Holdings, Inc. has a 52-week low of $0.93 and a 52-week high of $3.77. The firm has a 50-day moving average price of $2.88 and a 200 day moving average price of $2.03.

AMC Entertainment (NYSE:AMC) last announced its quarterly earnings data on Wednesday, November 4th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.04. The business had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.66 billion. During the same period in the prior year, the firm posted ($0.21) EPS. AMC Entertainment’s revenue for the quarter was up 31.6% compared to the same quarter last year. On average, analysts predict that AMC Entertainment Holdings, Inc. will post -0.11 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Needham & Company LLC set a $3.50 price target on AMC Entertainment in a research note on Tuesday, July 21st. Benchmark reiterated a “buy” rating and issued a $3.00 price objective (up from $2.50) on shares of AMC Entertainment in a research report on Tuesday, July 21st. Roth Capital reiterated a “neutral” rating on shares of AMC Entertainment in a research report on Friday, October 23rd. Citigroup boosted their price objective on shares of AMC Entertainment from $2.20 to $2.60 and gave the company a “sell” rating in a research note on Friday. Finally, Texas Capital upgraded shares of AMC Entertainment from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 15th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $2.73.

About AMC Entertainment

AMC Entertainment Holdings, Inc operates movie theaters that show films and other content, including special-event programming. Its theaters offer services such as reserved seating, online ticketing, and food and beverage sales, with amenities and premium formats varying by location.

The company serves audiences in the United States and Europe through brands including AMC, ODEON, and Nordic Cinema. Its history dates to 1920, when the Dubinsky brothers began operating theaters in the Kansas City area.

AMC also offers its AMC Stubs customer loyalty program, which includes subscription options for frequent moviegoers.