Wells Fargo & Company MN Has $822,000 Holdings in AMC Entertainment Holdings, Inc. (NYSE:AMC)

Wells Fargo & Company MN lifted its holdings in AMC Entertainment Holdings, Inc. (NYSE:AMC) by 31.6% during the 4th quarter, Holdings Channel reports. The fund owned 206,528 shares of the company’s stock after acquiring an additional 49,545 shares during the quarter. Wells Fargo & Company MN’s holdings in AMC Entertainment were worth $822,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of AMC. Vanguard Group Inc. boosted its holdings in shares of AMC Entertainment by 4.4% in the 4th quarter. Vanguard Group Inc. now owns 36,854,559 shares of the company’s stock worth $146,681,000 after acquiring an additional 1,558,554 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of AMC Entertainment by 91.5% in the 4th quarter. JPMorgan Chase & Co. now owns 2,263,513 shares of the company’s stock worth $9,009,000 after acquiring an additional 1,081,464 shares in the last quarter. KBC Group NV boosted its holdings in shares of AMC Entertainment by 7,771.5% in the 4th quarter. KBC Group NV now owns 648,141 shares of the company’s stock worth $2,580,000 after acquiring an additional 639,907 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of AMC Entertainment by 8.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,032,519 shares of the company’s stock worth $16,049,000 after acquiring an additional 327,019 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of AMC Entertainment by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 8,271,059 shares of the company’s stock worth $32,927,000 after acquiring an additional 223,877 shares in the last quarter. 28.80% of the stock is owned by institutional investors and hedge funds.

AMC Entertainment Trading Down 0.4 %

Shares of AMC opened at $2.67 on Thursday. AMC Entertainment Holdings, Inc. has a 1 year low of $2.45 and a 1 year high of $11.88. The stock has a market cap of $1.15 billion, a P/E ratio of -1.66 and a beta of 1.64. The stock’s 50-day moving average price is $2.92 and its two-hundred day moving average price is $3.66.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. StockNews.com raised AMC Entertainment to a “sell” rating in a report on Saturday, February 22nd. Macquarie reaffirmed a “neutral” rating and set a $4.00 price target on shares of AMC Entertainment in a research note on Wednesday, February 26th. Citigroup reiterated a “sell” rating and issued a $2.30 price target (down previously from $2.80) on shares of AMC Entertainment in a report on Thursday, April 24th. Roth Mkm decreased their price target on AMC Entertainment from $3.25 to $3.00 and set a “neutral” rating on the stock in a report on Wednesday, April 16th. Finally, Roth Capital set a $3.25 price target on AMC Entertainment in a report on Tuesday, February 4th. Three equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to data from MarketBeat.com, AMC Entertainment has a consensus rating of “Hold” and an average price target of $4.65.

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.