Raymond James Financial Inc. Makes New $96,000 Investment in AMC Entertainment Holdings, Inc. (NYSE:AMC)

Raymond James Financial Inc. acquired a new position in AMC Entertainment Holdings, Inc. (NYSE:AMC) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 24,078 shares of the company’s stock, valued at approximately $96,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in 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 buying an additional 1,558,554 shares in the last quarter. Geode Capital Management LLC increased its position 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 purchasing an additional 223,877 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position 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 purchasing an additional 327,019 shares during the last quarter. JPMorgan Chase & Co. increased its position 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 purchasing an additional 1,081,464 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of AMC Entertainment by 1.9% in the 4th quarter. Bank of New York Mellon Corp now owns 947,788 shares of the company’s stock worth $3,772,000 after purchasing an additional 17,371 shares during the last quarter. Institutional investors and hedge funds own 28.80% of the company’s stock.

AMC Entertainment Stock Up 0.4%

Shares of AMC opened at $2.74 on Wednesday. The company’s fifty day moving average is $2.84 and its 200-day moving average is $3.56. AMC Entertainment Holdings, Inc. has a 12 month low of $2.45 and a 12 month high of $11.88. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of -1.70 and a beta of 1.41.

AMC Entertainment (NYSE:AMC) last posted its earnings results on Wednesday, May 7th. The company reported ($0.58) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.61) by $0.03. The firm had revenue of $862.50 million during the quarter, compared to analyst estimates of $983.23 million. The business’s quarterly revenue was down 9.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.62) earnings per share. As a group, research analysts predict that AMC Entertainment Holdings, Inc. will post -1.38 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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