Price T Rowe Associates Inc. MD Has $734,000 Stock Holdings in AMC Entertainment Holdings, Inc. (NYSE:AMC)

Price T Rowe Associates Inc. MD increased its holdings in shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) by 15.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 184,248 shares of the company’s stock after purchasing an additional 24,612 shares during the period. Price T Rowe Associates Inc. MD’s holdings in AMC Entertainment were worth $734,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Hsbc Holdings PLC raised its stake in AMC Entertainment by 14.3% during the fourth quarter. Hsbc Holdings PLC now owns 82,893 shares of the company’s stock worth $326,000 after acquiring an additional 10,395 shares in the last quarter. MetLife Investment Management LLC grew its holdings in shares of AMC Entertainment by 3.7% during the 4th quarter. MetLife Investment Management LLC now owns 199,886 shares of the company’s stock valued at $796,000 after purchasing an additional 7,060 shares during the last quarter. Advent Capital Management DE acquired a new position in AMC Entertainment during the 4th quarter worth approximately $170,000. Marshall Wace LLP lifted its stake in AMC Entertainment by 85.4% in the 4th quarter. Marshall Wace LLP now owns 2,801,788 shares of the company’s stock valued at $11,151,000 after purchasing an additional 1,290,376 shares during the last quarter. Finally, Optimize Financial Inc bought a new position in AMC Entertainment in the 4th quarter valued at approximately $789,000. 28.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. StockNews.com raised shares of AMC Entertainment to a “sell” rating in a research note on Saturday, February 22nd. Roth Capital set a $3.25 price objective on AMC Entertainment in a report on Tuesday, February 4th. Roth Mkm lowered their target price on AMC Entertainment from $3.25 to $3.00 and set a “neutral” rating for the company in a report on Wednesday, April 16th. Citigroup reiterated a “sell” rating and issued a $2.30 target price (down from $2.80) on shares of AMC Entertainment in a research report on Thursday, April 24th. Finally, Macquarie reissued a “neutral” rating and set a $4.00 price target 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 issued a hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $4.65.

AMC Entertainment Stock Up 1.5%

Shares of AMC Entertainment stock opened at $2.74 on Monday. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of -1.70 and a beta of 1.41. AMC Entertainment Holdings, Inc. has a twelve month low of $2.45 and a twelve month high of $11.88. The company’s fifty day moving average is $2.84 and its 200 day moving average is $3.57.

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

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.