GMT Capital Corp Takes $5.21 Million Position in AMC Entertainment Holdings, Inc. $AMC

Key Points

• GMT Capital Corp has acquired a new stake in AMC Entertainment, purchasing 1,816,151 shares valued at approximately $5.2 million, representing a 0.42% ownership of the company.
• Other institutional investors, including Vanguard Group and Charles Schwab, have also increased their stakes in AMC, reflecting growing interest from large investors.
• AMC shares have seen recent upgrades from analysts, with a consensus target price of $3.33, indicating varying views on the stock's potential performance moving forward.

GMT Capital Corp bought a new position in shares of AMC Entertainment Holdings, Inc. (NYSE:AMC - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 1,816,151 shares of the company's stock, valued at approximately $5,212,000. GMT Capital Corp owned 0.42% of AMC Entertainment at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AMC. Legacy Financial Strategies LLC acquired a new position in AMC Entertainment during the 1st quarter worth approximately $29,000. Ground Swell Capital LLC purchased a new stake in shares of AMC Entertainment during the 1st quarter worth approximately $30,000. Sowell Financial Services LLC purchased a new stake in shares of AMC Entertainment during the 1st quarter worth approximately $36,000. Abacus Planning Group Inc. purchased a new stake in shares of AMC Entertainment during the 1st quarter worth approximately $47,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of AMC Entertainment during the 1st quarter worth approximately $50,000. Institutional investors and hedge funds own 28.80% of the company's stock.

AMC Entertainment Stock Performance

Shares of AMC traded down $0.05 during trading hours on Wednesday, hitting $2.73. The stock had a trading volume of 12,706,158 shares, compared to its average volume of 10,623,634. The firm has a market cap of $1.40 billion, a P/E ratio of -3.06 and a beta of 1.35. The company's fifty day simple moving average is $3.02 and its 200 day simple moving average is $3.02. AMC Entertainment Holdings, Inc. has a 12-month low of $2.45 and a 12-month high of $5.56.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on AMC. Wedbush raised AMC Entertainment from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $3.00 to $4.00 in a research note on Friday, July 11th. Citigroup boosted their price target on AMC Entertainment from $2.60 to $2.70 and gave the stock a "sell" rating in a research note on Tuesday, August 19th. B. Riley began coverage on AMC Entertainment in a research note on Friday, May 16th. They set a "neutral" rating and a $3.00 price target on the stock. Finally, Wall Street Zen raised AMC Entertainment from a "strong sell" rating to a "hold" rating in a research note on Saturday, August 16th. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $3.33.

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.