SG Americas Securities LLC Reduces Stake in AMC Entertainment Holdings, Inc.

SG Americas Securities LLC has significantly reduced its investment in AMC Entertainment Holdings, Inc. (NYSE:AMC - Free Report), cutting its stake by 66.5% during the fourth quarter. This reduction has been disclosed in the company's latest Form 13F filing with the Securities and Exchange Commission (SEC). Following the sale of 285,892 shares, SG Americas Securities LLC currently holds 144,196 shares of AMC's stock.

As of the most recent filing, the value of SG Americas Securities LLC's holdings in AMC Entertainment amounted to approximately $574,000.

Institutional Investor Activity

Other institutional investors have also adjusted their shares in AMC. For instance, Hsbc Holdings PLC increased its stake by 76.6% during the second quarter, now owning 33,042 shares valued at $164,000 after acquiring an additional 14,334 shares. Similarly, The Manufacturers Life Insurance Company saw a remarkable increase in its stake, boosting ownership by 246.9% during the same quarter. They now possess 150,743 shares, worth $751,000 after purchasing an additional 107,289 shares. Algert Global LLC entered a new investment valued at $132,000 in AMC during the second quarter, while Prosperity Planning Inc. and Burns Matteson Capital Management LLC made new acquisitions valued at $195,000 and $55,000 respectively, in the third quarter. Currently, institutional investors collectively own about 28.80% of AMC's stock.

AMC Entertainment Stock Overview

The stock price of AMC Entertainment was reported at $3.12 during Friday's trading. Over the past year, AMC has seen a low of $2.38 and a high of $11.88. The company's fifty-day moving average stands at $4.05, and its 200-day moving average is at $4.47. AMC has a market capitalization of $1.17 billion, with a price-to-earnings (P/E) ratio of -1.93 and a beta of 1.92, indicating the stock's volatility compared to the overall market.

Recent Earnings Results

AMC Entertainment recently announced its earnings results on November 6th. The company reported an earnings per share (EPS) of ($0.04) for the quarter, surpassing analysts' expectations of ($0.07) by $0.03. The quarterly revenue totaled $1.35 billion, slightly higher than the anticipated $1.33 billion. Year-over-year, AMC's revenue declined by 4.1%, with an earnings per share decrease from ($0.09) recorded during the same period last year. Analysts are projecting that AMC Entertainment will report an EPS of -1.41 for the current fiscal year.

Analysts' Perspectives and Price Targets

About AMC Entertainment

AMC Entertainment Holdings, Inc. is engaged in the theatrical exhibition business through its subsidiaries. The company operates theatres across the United States and Europe and was founded in 1920, with its headquarters located in Leawood, Kansas.

AMC, Investor, Stock