Bank of New York Mellon Corp Raises Stock Holdings in AMC Entertainment Holdings, Inc. (NYSE:AMC)

Bank of New York Mellon Corp increased its stake in AMC Entertainment Holdings, Inc. (NYSE:AMC) by 1.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 947,788 shares of the company’s stock after purchasing an additional 17,371 shares during the period. Bank of New York Mellon Corp’s holdings in AMC Entertainment were worth $3,772,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. KBC Group NV purchased a new position in AMC Entertainment in the 3rd quarter worth approximately $37,000. Amalgamated Bank lifted its holdings in shares of AMC Entertainment by 31.5% during the 3rd quarter. Amalgamated Bank now owns 11,568 shares of the company’s stock worth $53,000 after acquiring an additional 2,771 shares during the last quarter. Traphagen Investment Advisors LLC purchased a new position in AMC Entertainment in the fourth quarter worth $64,000. Sanctuary Advisors LLC bought a new position in AMC Entertainment in the third quarter valued at $72,000. Finally, FORA Capital LLC purchased a new stake in AMC Entertainment during the third quarter valued at about $182,000. 28.80% of the stock is owned by hedge funds and other institutional investors.

AMC Entertainment Stock Up 0.5 %

Shares of AMC Entertainment stock opened at $3.03 on Wednesday. The company has a market cap of $1.31 billion, a PE ratio of -1.88 and a beta of 1.91. The business has a 50 day moving average of $3.30 and a 200 day moving average of $4.05. AMC Entertainment Holdings, Inc. has a 52 week low of $2.38 and a 52 week high of $11.88.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on AMC shares. StockNews.com upgraded AMC Entertainment to a “sell” rating in a report on Saturday, February 22nd. Macquarie reiterated a “neutral” rating and set a $4.00 price target on shares of AMC Entertainment in a research report on Wednesday, February 26th. Roth Capital set a $3.25 price objective on shares of AMC Entertainment in a report on Tuesday, February 4th. Citigroup reduced their target price on shares of AMC Entertainment from $2.90 to $2.80 and set a “sell” rating on the stock in a report on Friday, March 7th. Finally, Benchmark reiterated a “hold” rating on shares of AMC Entertainment in a research report on Monday, March 3rd. Three research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $4.76.

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.