536,082 Shares in AMC Entertainment Holdings, Inc. $AMC Acquired by Optimize Financial Inc

Optimize Financial Inc bought a new stake in AMC Entertainment Holdings, Inc. (NYSE:AMC) during the 3rd quarter, Holdings Channel reports. The fund bought 536,082 shares of the company’s stock, valued at approximately $1,555,000. AMC Entertainment accounts for about 0.8% of Optimize Financial Inc’s investment portfolio, making the stock its 17th largest holding.

Several other institutional investors also recently modified their holdings of AMC. Jones Financial Companies Lllp boosted its position in shares of AMC Entertainment by 761.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 8,480 shares of the company’s stock worth $25,000 after purchasing an additional 7,496 shares during the last quarter. State of Wyoming acquired a new position in AMC Entertainment in the third quarter valued at about $171,000. Simplicity Wealth LLC bought a new position in AMC Entertainment during the third quarter worth about $48,000. Universal Beteiligungs und Servicegesellschaft mbH grew its position in shares of AMC Entertainment by 34.4% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 44,062 shares of the company’s stock worth $128,000 after buying an additional 11,285 shares during the period. Finally, Gradient Capital Advisors LLC bought a new stake in shares of AMC Entertainment in the 3rd quarter valued at about $29,000. Institutional investors and hedge funds own 28.80% of the company’s stock.

AMC Entertainment Trading Down 1.1%

NYSE AMC opened at $1.39 on Wednesday. The company has a market cap of $710.42 million, a price-to-earnings ratio of -0.98 and a beta of 1.77. The company has a 50 day moving average of $1.78 and a 200-day moving average of $2.44. AMC Entertainment Holdings, Inc. has a 1-year low of $1.35 and a 1-year high of $4.08.

AMC Entertainment (NYSE:AMC) last posted its quarterly earnings data on Wednesday, November 5th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.03). The business had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.21 billion. AMC Entertainment’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.04) EPS. On average, equities research analysts forecast that AMC Entertainment Holdings, Inc. will post -1.38 earnings per share for the current year.

Analysts Set New Price Targets

AMC has been the subject of a number of recent analyst reports. Wall Street Zen cut shares of AMC Entertainment from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 8th. Macquarie lowered their price target on AMC Entertainment from $3.00 to $2.00 and set a “neutral” rating for the company in a report on Thursday, January 15th. Weiss Ratings reiterated a “sell (e+)” rating on shares of AMC Entertainment in a report on Wednesday, January 21st. Zacks Research cut AMC Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 7th. Finally, Citigroup reaffirmed a “sell” rating and issued a $1.30 target price (down from $2.30) on shares of AMC Entertainment in a research note on Monday, January 12th. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $2.66.

AMC Entertainment 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.