AMC Entertainment Holdings, Inc. $AMC Shares Acquired by Northern Trust Corp

Key Points

• Northern Trust Corp increased its stake in AMC Entertainment Holdings by 6.7% during the first quarter, owning approximately 3.54 million shares valued at over $10 million.
• AMC Entertainment's shares opened at $2.74, with a market cap of $1.40 billion and a price-to-earnings ratio of -3.07.
• Recent analyst reports show mixed ratings, with one upgrade to "outperform" from Wedbush and a consensus rating of "Hold" with a price target of $3.33.

Northern Trust Corp lifted its holdings in AMC Entertainment Holdings, Inc. (NYSE:AMC - Free Report) by 6.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,540,656 shares of the company's stock after acquiring an additional 222,375 shares during the period. Northern Trust Corp owned approximately 0.82% of AMC Entertainment worth $10,162,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in AMC Entertainment by 16.2% during the 1st quarter. Vanguard Group Inc. now owns 42,815,896 shares of the company's stock valued at $122,882,000 after acquiring an additional 5,961,337 shares during the last quarter. Nuveen LLC bought a new stake in AMC Entertainment in the 1st quarter valued at about $2,736,000. Balyasny Asset Management L.P. bought a new stake in shares of AMC Entertainment during the 4th quarter worth about $3,646,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of AMC Entertainment by 46.8% during the 4th 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 buying an additional 173,849 shares in the last quarter. Finally, Graham Capital Management L.P. bought a new stake in shares of AMC Entertainment in the 4th quarter worth approximately $668,000. 28.80% of the stock is currently owned by hedge funds and other institutional investors.

AMC Entertainment Stock Performance

Shares of NYSE AMC opened at $2.74 on Friday. The business's 50-day simple moving average is $3.00 and its 200-day simple moving average is $3.01. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of -3.07 and a beta of 1.35. AMC Entertainment Holdings, Inc. has a 52 week low of $2.45 and a 52 week high of $5.56.

Analyst Upgrades and Downgrades

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

About AMC Entertainment

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.

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