Nuveen LLC Acquires New Holdings in AMC Entertainment Holdings, Inc. $AMC

Key Points

• Nuveen LLC has acquired a new position in AMC Entertainment, purchasing 953,405 shares valued at approximately $2.736 million, representing about 0.22% of the company's total shares.
• AMC's stock is currently trading at $2.84, with a market capitalization of $1.45 billion, and a 1-year trading range of $2.45 to $5.56.
• Several institutional investors, including Vanguard Group and Charles Schwab, have recently increased their stakes in AMC, contributing to an overall institutional ownership of 28.80%.

Nuveen LLC 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 disclosure with the SEC. The fund bought 953,405 shares of the company's stock, valued at approximately $2,736,000. Nuveen LLC owned about 0.22% of AMC Entertainment as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AMC. Wells Fargo & Company MN boosted its stake in AMC Entertainment by 31.6% during the 4th quarter. Wells Fargo & Company MN now owns 206,528 shares of the company's stock worth $822,000 after purchasing an additional 49,545 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in AMC Entertainment during the 4th quarter worth $96,000. MetLife Investment Management LLC boosted its stake in AMC Entertainment by 3.7% during the 4th quarter. MetLife Investment Management LLC now owns 199,886 shares of the company's stock worth $796,000 after purchasing an additional 7,060 shares during the last quarter. Hsbc Holdings PLC boosted its stake in AMC Entertainment by 14.3% during the 4th quarter. Hsbc Holdings PLC now owns 82,893 shares of the company's stock worth $326,000 after purchasing an additional 10,395 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in AMC Entertainment by 15.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 184,248 shares of the company's stock worth $734,000 after purchasing an additional 24,612 shares during the last quarter. Institutional investors and hedge funds own 28.80% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Wedbush raised shares of AMC Entertainment from a "neutral" rating to an "outperform" rating and lifted their target price for the stock from $3.00 to $4.00 in a research note on Friday, July 11th. Wall Street Zen upgraded AMC Entertainment from a "strong sell" rating to a "hold" rating in a report on Saturday, August 16th. B. Riley assumed coverage on AMC Entertainment in a report on Friday, May 16th. They set a "neutral" rating and a $3.00 price target on the stock. Finally, Citigroup lifted their price target on AMC Entertainment from $2.60 to $2.70 and gave the stock a "sell" rating in a report on Tuesday, August 19th. One investment 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. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $3.33.

AMC Entertainment Stock Performance

Shares of NYSE AMC traded down $0.05 during trading on Wednesday, hitting $2.73. 12,801,914 shares of the company were exchanged, compared to its average volume of 10,733,134. AMC Entertainment Holdings, Inc. has a 12-month low of $2.45 and a 12-month high of $5.56. The company has a fifty day moving average price of $3.02 and a 200-day moving average price of $3.02. The firm has a market capitalization of $1.40 billion, a PE ratio of -3.06 and a beta of 1.35.

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.