AMC Entertainment Holdings, Inc. $AMC Position Increased by Graham Capital Management L.P.

Key Points

• Graham Capital Management L.P. significantly increased its stake in AMC Entertainment by 272.7%, acquiring an additional 457,856 shares, bringing its total ownership to 625,783 shares valued at approximately $1.8 million.
• AMC Entertainment's stock has seen a slight decline, down 0.7%, with current trading at $2.81 and a market capitalization of $1.44 billion.
• Wall Street ratings for AMC vary, with one analyst giving a Buy rating, five a Hold, and one a Sell, leading to a consensus target price of $3.33.

Graham Capital Management L.P. lifted its position in shares of AMC Entertainment Holdings, Inc. (NYSE:AMC - Free Report) by 272.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 625,783 shares of the company's stock after acquiring an additional 457,856 shares during the period. Graham Capital Management L.P. owned 0.14% of AMC Entertainment worth $1,796,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Deutsche Bank AG grew its position in shares of AMC Entertainment by 51.3% during the fourth quarter. Deutsche Bank AG now owns 282,815 shares of the company's stock worth $1,126,000 after acquiring an additional 95,834 shares during the last quarter. Northern Trust Corp grew its position in shares of AMC Entertainment by 12.6% during the fourth quarter. Northern Trust Corp now owns 3,318,281 shares of the company's stock worth $13,207,000 after acquiring an additional 370,408 shares during the last quarter. Tidal Investments LLC grew its position in shares of AMC Entertainment by 15.7% during the fourth quarter. Tidal Investments LLC now owns 28,581 shares of the company's stock worth $114,000 after acquiring an additional 3,885 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of AMC Entertainment by 46.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 545,441 shares of the company's stock worth $2,171,000 after acquiring an additional 173,849 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in AMC Entertainment in the first quarter worth about $2,736,000. Institutional investors own 28.80% of the company's stock.

AMC Entertainment Stock Performance

NYSE AMC traded up $0.02 on Friday, reaching $2.74. The company's stock had a trading volume of 10,559,417 shares, compared to its average volume of 11,095,338. AMC Entertainment Holdings, Inc. has a twelve month low of $2.45 and a twelve month high of $5.56. The stock has a market cap of $1.40 billion, a PE ratio of -3.07 and a beta of 1.35. The firm's 50 day moving average is $3.00 and its two-hundred day moving average is $3.01.

Wall Street Analyst Weigh In

AMC has been the subject of several research analyst reports. Wedbush raised shares of AMC Entertainment from a "neutral" rating to an "outperform" rating and upped their price objective for the stock from $3.00 to $4.00 in a report on Friday, July 11th. Wall Street Zen raised shares of AMC Entertainment from a "strong sell" rating to a "hold" rating in a report on Saturday, August 16th. Citigroup upped their price objective on shares of AMC Entertainment from $2.60 to $2.70 and gave the stock a "sell" rating in a report on Tuesday, August 19th. Finally, B. Riley initiated coverage on shares of AMC Entertainment in a report on Friday, May 16th. They issued a "neutral" rating and a $3.00 price objective for the company. One equities 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $3.33.

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.