Intech Investment Management LLC Increases Stock Holdings in AMC Entertainment Holdings, Inc. (NYSE:AMC)

Intech Investment Management LLC raised its stake in shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) by 97.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 129,317 shares of the company’s stock after purchasing an additional 63,661 shares during the quarter. Intech Investment Management LLC’s holdings in AMC Entertainment were worth $515,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Skandinaviska Enskilda Banken AB publ increased its position in shares of AMC Entertainment by 68.3% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 15,947 shares of the company’s stock valued at $63,000 after buying an additional 6,473 shares during the period. Traphagen Investment Advisors LLC bought a new position in shares of AMC Entertainment in the 4th quarter worth approximately $64,000. Sanctuary Advisors LLC bought a new stake in shares of AMC Entertainment during the third quarter valued at approximately $72,000. Raymond James Financial Inc. purchased a new stake in AMC Entertainment in the fourth quarter worth $96,000. Finally, Meridian Wealth Management LLC grew its stake in AMC Entertainment by 61.4% in the fourth quarter. Meridian Wealth Management LLC now owns 25,254 shares of the company’s stock worth $101,000 after purchasing an additional 9,605 shares during the period. 28.80% of the stock is currently owned by institutional investors.

AMC Entertainment Trading Up 1.2 %

AMC Entertainment stock opened at $3.08 on Tuesday. AMC Entertainment Holdings, Inc. has a 12 month low of $2.38 and a 12 month high of $11.88. The stock has a fifty day simple moving average of $3.24 and a two-hundred day simple moving average of $4.00. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of -1.91 and a beta of 1.91.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Roth Mkm upgraded shares of AMC Entertainment from a “sell” rating to a “neutral” rating and dropped their target price for the company from $4.00 to $3.25 in a report on Tuesday, February 4th. Macquarie restated a “neutral” rating and issued a $4.00 price objective on shares of AMC Entertainment in a report on Wednesday, February 26th. Benchmark reiterated a “hold” rating on shares of AMC Entertainment in a report on Monday, March 3rd. Roth Capital set a $3.25 price objective on AMC Entertainment in a research note on Tuesday, February 4th. Finally, Citigroup cut their target price on AMC Entertainment from $2.90 to $2.80 and set a “sell” rating on the stock in a research note on Friday, March 7th. Three research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $4.76.

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.