GMT Capital Corp Acquires New Holdings 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 purchased a new stake in shares of AMC Entertainment Holdings, Inc. (NYSE:AMC - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,816,151 shares of the company's stock, valued at approximately $5,212,000. GMT Capital Corp owned approximately 0.42% of AMC Entertainment at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of AMC Entertainment by 16.2% during the first quarter. Vanguard Group Inc. now owns 42,815,896 shares of the company's stock valued at $122,882,000 after buying an additional 5,961,337 shares during the last quarter. Nuveen LLC bought a new stake in AMC Entertainment in the first quarter worth $2,736,000. Balyasny Asset Management L.P. bought a new stake in AMC Entertainment in the fourth quarter worth $3,646,000. Brevan Howard Capital Management LP increased its position in AMC Entertainment by 210.9% in the fourth quarter. Brevan Howard Capital Management LP now owns 277,368 shares of the company's stock worth $1,104,000 after purchasing an additional 527,368 shares during the last quarter. Finally, Northern Trust Corp increased its position in AMC Entertainment by 12.6% in the fourth quarter. Northern Trust Corp now owns 3,318,281 shares of the company's stock worth $13,207,000 after purchasing an additional 370,408 shares during the last quarter. Hedge funds and other institutional investors own 28.80% of the company's stock.

AMC Entertainment Stock Up 0.2%

Shares of NYSE:AMC traded up $0.01 during trading on Thursday, hitting $2.72. 4,427,846 shares of the stock traded hands, compared to its average volume of 10,611,572. The company has a market cap of $1.39 billion, a price-to-earnings ratio of -3.05 and a beta of 1.35. The company has a fifty day moving average price of $3.02 and a two-hundred day moving average price of $3.02. 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 research analysts have weighed in on AMC shares. Wedbush upgraded shares of AMC Entertainment from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $3.00 to $4.00 in a research report on Friday, July 11th. 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 research note 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 began coverage on shares of AMC Entertainment in a research note on Friday, May 16th. They issued a "neutral" rating and a $3.00 target price for the company. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price 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.