Wolverine Asset Management LLC Sells 22,953 Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC)

Wolverine Asset Management LLC decreased its position in shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) by 50.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,113 shares of the company’s stock after selling 22,953 shares during the quarter. Wolverine Asset Management LLC’s holdings in AMC Entertainment were worth $88,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of AMC. KBC Group NV bought a new stake in shares of AMC Entertainment in the 3rd quarter valued at $37,000. Creative Planning bought a new stake in shares of AMC Entertainment in the 3rd quarter valued at $48,000. Amalgamated Bank increased its stake in shares of AMC Entertainment by 31.5% in the 3rd quarter. Amalgamated Bank now owns 11,568 shares of the company’s stock valued at $53,000 after acquiring an additional 2,771 shares in the last quarter. Traphagen Investment Advisors LLC bought a new stake in shares of AMC Entertainment in the 4th quarter valued at $64,000. Finally, Private Advisor Group LLC increased its stake in shares of AMC Entertainment by 27.5% in the 3rd quarter. Private Advisor Group LLC now owns 15,011 shares of the company’s stock valued at $68,000 after acquiring an additional 3,237 shares in the last quarter. Institutional investors own 28.80% of the company’s stock.

AMC Entertainment Price Performance

AMC opened at $3.36 on Tuesday. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of -2.08 and a beta of 1.88. The firm’s fifty day moving average price is $3.62 and its two-hundred day moving average price is $4.27. AMC Entertainment Holdings, Inc. has a 1 year low of $2.38 and a 1 year high of $11.88.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on AMC shares. Benchmark reissued a “hold” rating on shares of AMC Entertainment in a research report on Thursday, November 7th. B. Riley reduced their price target on shares of AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. Macquarie reissued an “underperform” rating and issued a $4.00 price target on shares of AMC Entertainment in a research report on Wednesday, November 13th. StockNews.com raised shares of AMC Entertainment to a “sell” rating in a research report on Saturday. Finally, Roth Capital set a $3.25 price target on shares of AMC Entertainment in a research report on Tuesday, February 4th. Four research analysts have rated the stock with a sell rating and five have given a hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $4.81.

AMC Entertainment Profile

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.