Powell Investment Advisors LLC Buys New Position in AMC Entertainment Holdings, Inc. (NYSE:AMC)

Powell Investment Advisors LLC bought a new stake in shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 14,670 shares of the company’s stock, valued at approximately $55,000.

Other large investors have also added to or reduced their stakes in the company. Avantax Advisory Services Inc. lifted its holdings in shares of AMC Entertainment by 43.7% in the fourth quarter. Avantax Advisory Services Inc. now owns 16,663 shares of the company’s stock worth $102,000 after buying an additional 5,070 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in shares of AMC Entertainment in the fourth quarter worth $34,000. HBK Sorce Advisory LLC lifted its holdings in shares of AMC Entertainment by 31.2% in the fourth quarter. HBK Sorce Advisory LLC now owns 27,459 shares of the company’s stock worth $168,000 after buying an additional 6,525 shares in the last quarter. Tower Research Capital LLC TRC increased its position in AMC Entertainment by 817.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 9,945 shares of the company’s stock worth $61,000 after purchasing an additional 8,861 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in AMC Entertainment by 54.8% in the fourth quarter. Victory Capital Management Inc. now owns 26,659 shares of the company’s stock worth $163,000 after purchasing an additional 9,436 shares during the last quarter. Hedge funds and other institutional investors own 28.80% of the company’s stock.

Analysts Set New Price Targets

AMC has been the topic of a number of analyst reports. B. Riley cut their price objective on shares of AMC Entertainment from $12.00 to $8.00 and set a “neutral” rating on the stock in a research report on Thursday, February 29th. Citigroup boosted their price objective on shares of AMC Entertainment from $3.10 to $3.20 and gave the company a “sell” rating in a research report on Tuesday, May 14th. Finally, Wedbush cut their price objective on shares of AMC Entertainment from $4.00 to $3.50 and set a “neutral” rating on the stock in a research report on Thursday, May 9th. Four analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $5.54.

AMC Entertainment Stock Up 4.2 %

NYSE:AMC traded up $0.20 during mid-day trading on Friday, reaching $4.98. The company’s stock had a trading volume of 48,049,164 shares, compared to its average volume of 37,392,313. AMC Entertainment Holdings, Inc. has a 1 year low of $2.38 and a 1 year high of $62.30. The stock has a fifty day moving average of $4.34 and a 200-day moving average of $4.48.

AMC Entertainment (NYSE:AMC) last released its quarterly earnings data on Wednesday, May 8th. The company reported ($0.78) earnings per share 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. As a group, research analysts anticipate that AMC Entertainment Holdings, Inc. will post -0.84 EPS for the current fiscal year.

About AMC Entertainment

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.