Vanguard Group Inc. Increases Stock Position in AMC Entertainment Holdings, Inc. (NYSE:AMC)

Vanguard Group Inc. boosted its holdings in AMC Entertainment Holdings, Inc. (NYSE:AMC) by 4.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 36,854,559 shares of the company’s stock after buying an additional 1,558,554 shares during the period. Vanguard Group Inc. owned approximately 0.10% of AMC Entertainment worth $146,681,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company increased its holdings in AMC Entertainment by 16.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 176,232 shares of the company’s stock worth $802,000 after buying an additional 25,489 shares in the last quarter. FMR LLC lifted its position in AMC Entertainment by 43.5% during the third quarter. FMR LLC now owns 60,877 shares of the company’s stock valued at $277,000 after purchasing an additional 18,464 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in AMC Entertainment by 32.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 61,360 shares of the company’s stock worth $279,000 after purchasing an additional 15,132 shares during the last quarter. Janus Henderson Group PLC grew its position in AMC Entertainment by 39.2% in the 3rd quarter. Janus Henderson Group PLC now owns 128,574 shares of the company’s stock worth $586,000 after purchasing an additional 36,231 shares during the period. Finally, State Street Corp raised its stake in AMC Entertainment by 14.6% during the 3rd quarter. State Street Corp now owns 7,353,442 shares of the company’s stock valued at $33,458,000 after buying an additional 936,618 shares during the last quarter. 28.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Macquarie restated a “neutral” rating and issued a $4.00 price target on shares of AMC Entertainment in a research note on Wednesday, February 26th. Roth Mkm upgraded AMC Entertainment from a “sell” rating to a “neutral” rating and cut their price target for the company from $4.00 to $3.25 in a research note on Tuesday, February 4th. StockNews.com raised shares of AMC Entertainment to a “sell” rating in a report on Saturday, February 22nd. Roth Capital set a $3.25 target price on shares of AMC Entertainment in a report on Tuesday, February 4th. 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $4.76.

AMC Entertainment Price Performance

Shares of NYSE AMC opened at $2.74 on Tuesday. AMC Entertainment Holdings, Inc. has a 1 year low of $2.38 and a 1 year high of $11.88. The firm has a fifty day moving average price of $3.12 and a 200-day moving average price of $3.86. The stock has a market cap of $1.18 billion, a PE ratio of -1.70 and a beta of 1.64.

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.