Headlands Technologies LLC Makes New $1.64 Million Investment in AMC Entertainment Holdings, Inc. $AMC

Headlands Technologies LLC acquired a new stake in AMC Entertainment Holdings, Inc. (NYSE:AMC) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 864,561 shares of the company’s stock, valued at approximately $1,643,000.

Other hedge funds have also modified their holdings of the company. UBS Group AG boosted its position in AMC Entertainment by 4,537.9% during the third quarter. UBS Group AG now owns 23,194,957 shares of the company’s stock worth $67,265,000 after acquiring an additional 22,694,842 shares during the last quarter. Geode Capital Management LLC grew its holdings in AMC Entertainment by 9.2% in the 4th quarter. Geode Capital Management LLC now owns 12,254,550 shares of the company’s stock valued at $19,121,000 after buying an additional 1,029,668 shares in the last quarter. State Street Corp grew its holdings in AMC Entertainment by 12.7% in the 4th quarter. State Street Corp now owns 11,349,046 shares of the company’s stock valued at $17,705,000 after buying an additional 1,278,974 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of AMC Entertainment by 20.6% during the 4th quarter. Renaissance Technologies LLC now owns 8,009,819 shares of the company’s stock worth $12,495,000 after acquiring an additional 1,369,000 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of AMC Entertainment by 87.6% during the 4th quarter. JPMorgan Chase & Co. now owns 3,120,561 shares of the company’s stock valued at $4,868,000 after acquiring an additional 1,457,493 shares during the last quarter. 28.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AMC has been the subject of several recent analyst reports. Benchmark restated a “buy” rating and set a $3.00 price objective (up from $2.50) on shares of AMC Entertainment in a research report on Tuesday, July 21st. Wall Street Zen upgraded shares of AMC Entertainment from a “strong sell” rating to a “hold” rating in a report on Saturday, May 9th. Needham & Company LLC set a $3.50 price target on shares of AMC Entertainment in a research note on Tuesday, July 21st. Texas Capital raised shares of AMC Entertainment from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 15th. Finally, Zacks Research downgraded AMC Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 18th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $2.53.

AMC Entertainment Stock Up 1.9%

NYSE:AMC opened at $2.64 on Tuesday. The stock’s fifty day moving average is $2.32 and its two-hundred day moving average is $1.78. AMC Entertainment Holdings, Inc. has a 52 week low of $0.93 and a 52 week high of $3.18. The stock has a market capitalization of $2.36 billion, a price-to-earnings ratio of -2.47 and a beta of 2.06.

AMC Entertainment (NYSE:AMC) last issued its quarterly earnings data on Monday, July 20th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.17. The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.50 billion. On average, sell-side analysts expect that AMC Entertainment Holdings, Inc. will post -0.2 EPS for the current fiscal year.

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.