AMC Entertainment Holdings, Inc. (NYSE:AMC) Stake Boosted by Geode Capital Management LLC

Geode Capital Management LLC raised its position in shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) by 2.8% in the fourth quarter, Holdings Channel reports. The firm owned 8,271,059 shares of the company’s stock after buying an additional 223,877 shares during the period. Geode Capital Management LLC’s holdings in AMC Entertainment were worth $32,927,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Sanctuary Advisors LLC bought a new stake in shares of AMC Entertainment in the 3rd quarter valued at approximately $72,000. Skandinaviska Enskilda Banken AB publ boosted its holdings in AMC Entertainment by 68.3% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 15,947 shares of the company’s stock valued at $63,000 after acquiring an additional 6,473 shares during the last quarter. Traphagen Investment Advisors LLC acquired a new stake in AMC Entertainment in the fourth quarter worth about $64,000. Raymond James Financial Inc. bought a new stake in shares of AMC Entertainment during the 4th quarter valued at $96,000. Finally, Meridian Wealth Management LLC grew its position in shares of AMC Entertainment by 61.4% during the 4th quarter. Meridian Wealth Management LLC now owns 25,254 shares of the company’s stock worth $101,000 after buying an additional 9,605 shares during the period. Institutional investors and hedge funds own 28.80% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on AMC shares. StockNews.com raised AMC Entertainment to a “sell” rating in a research report on Saturday, February 22nd. Citigroup dropped their price objective on shares of AMC Entertainment from $2.90 to $2.80 and set a “sell” rating for the company in a research note on Friday, March 7th. Benchmark reissued a “hold” rating on shares of AMC Entertainment in a research note on Monday, March 3rd. Macquarie reiterated a “neutral” rating and issued a $4.00 price target on shares of AMC Entertainment in a research note on Wednesday, February 26th. Finally, Roth Capital set a $3.25 target price on AMC Entertainment in a report on Tuesday, February 4th. Three research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $4.72.

AMC Entertainment Stock Down 4.7 %

Shares of AMC stock opened at $2.82 on Thursday. AMC Entertainment Holdings, Inc. has a 52 week low of $2.45 and a 52 week high of $11.88. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of -1.75 and a beta of 1.64. The stock has a fifty day moving average of $3.07 and a 200 day moving average of $3.77.

AMC Entertainment Company 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.