Northern Trust Corp Purchases 222,375 Shares of AMC Entertainment Holdings, Inc. $AMC

Northern Trust Corp increased its position in shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) by 6.7% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 3,540,656 shares of the company’s stock after buying an additional 222,375 shares during the quarter. Northern Trust Corp’s holdings in AMC Entertainment were worth $10,162,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of AMC. Raymond James Financial Inc. acquired a new position in shares of AMC Entertainment in the 4th quarter valued at $96,000. Hsbc Holdings PLC increased its position in AMC Entertainment by 14.3% in the 4th quarter. Hsbc Holdings PLC now owns 82,893 shares of the company’s stock valued at $326,000 after acquiring an additional 10,395 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in AMC Entertainment by 15.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 184,248 shares of the company’s stock valued at $734,000 after acquiring an additional 24,612 shares in the last quarter. Triumph Capital Management increased its position in AMC Entertainment by 178.3% in the 4th quarter. Triumph Capital Management now owns 38,525 shares of the company’s stock valued at $153,000 after acquiring an additional 24,680 shares in the last quarter. Finally, Balyasny Asset Management L.P. acquired a new stake in shares of AMC Entertainment during the 4th quarter worth approximately $3,646,000. 28.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AMC. B. Riley assumed coverage on shares of AMC Entertainment in a report on Friday, May 16th. They set a “neutral” rating and a $3.00 price objective for the company. Wall Street Zen raised AMC Entertainment from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 16th. Wedbush upgraded shares of AMC Entertainment from a “neutral” rating to an “outperform” rating and upped their price target for the company from $3.00 to $4.00 in a research note on Friday, July 11th. Finally, Citigroup raised their target price on shares of AMC Entertainment from $2.60 to $2.70 and gave the company a “sell” rating in a report on Tuesday, August 19th. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $3.33.

AMC Entertainment Stock Performance

Shares of NYSE AMC opened at $2.74 on Friday. AMC Entertainment Holdings, Inc. has a fifty-two week low of $2.45 and a fifty-two week high of $5.56. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of -3.07 and a beta of 1.35. The firm’s 50-day simple moving average is $3.00 and its 200 day simple moving average is $3.01.

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.