Charles Schwab Investment Management Inc. Grows Stock Position in AMC Entertainment Holdings, Inc. (NYSE:AMC)

Charles Schwab Investment Management Inc. raised its position in AMC Entertainment Holdings, Inc. (NYSE:AMC) by 8.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 4,032,519 shares of the company’s stock after buying an additional 327,019 shares during the period. Charles Schwab Investment Management Inc.’s holdings in AMC Entertainment were worth $16,049,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Virtu Financial LLC purchased a new position in AMC Entertainment in the 3rd quarter valued at about $893,000. Geode Capital Management LLC lifted its holdings in AMC Entertainment by 12.1% in the 3rd quarter. Geode Capital Management LLC now owns 8,047,182 shares of the company’s stock valued at $36,622,000 after purchasing an additional 866,757 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in AMC Entertainment in the 3rd quarter valued at about $72,000. KBC Group NV lifted its holdings in AMC Entertainment by 7,771.5% in the 4th quarter. KBC Group NV now owns 648,141 shares of the company’s stock valued at $2,580,000 after purchasing an additional 639,907 shares in the last quarter. Finally, Franklin Resources Inc. purchased a new position in AMC Entertainment in the 3rd quarter valued at about $788,000. 28.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

AMC Entertainment Stock Performance

AMC opened at $3.00 on Friday. The firm has a 50 day moving average price of $3.27 and a 200 day moving average price of $4.04. The company has a market cap of $1.29 billion, a PE ratio of -1.86 and a beta of 1.91. AMC Entertainment Holdings, Inc. has a 1 year low of $2.38 and a 1 year high of $11.88.

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.