Nuveen LLC Makes New $2.74 Million Investment 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) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 953,405 shares of the company's stock, valued at approximately $2,736,000. Nuveen LLC owned about 0.22% of AMC Entertainment at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in AMC. Legacy Financial Strategies LLC bought a new stake in AMC Entertainment during the first quarter worth $29,000. Sowell Financial Services LLC bought a new stake in AMC Entertainment during the first quarter worth $36,000. Abacus Planning Group Inc. bought a new stake in AMC Entertainment during the first quarter worth $47,000. Mackenzie Financial Corp raised its position in AMC Entertainment by 24.3% during the first quarter. Mackenzie Financial Corp now owns 22,517 shares of the company's stock worth $65,000 after acquiring an additional 4,400 shares in the last quarter. Finally, Traphagen Investment Advisors LLC raised its position in AMC Entertainment by 48.1% during the first quarter. Traphagen Investment Advisors LLC now owns 23,756 shares of the company's stock worth $68,000 after acquiring an additional 7,720 shares in the last quarter. Institutional investors and hedge funds own 28.80% of the company's stock.

Wall Street Analyst Weigh In

AMC has been the topic of several analyst reports. B. Riley began coverage on shares of AMC Entertainment in a research report on Friday, May 16th. They set a "neutral" rating and a $3.00 price target on the stock. 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. Citigroup increased 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. Finally, Wedbush raised shares of AMC Entertainment from a "neutral" rating to an "outperform" rating and increased their price objective for the company from $3.00 to $4.00 in a research report on Friday, July 11th. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $3.33.

AMC Entertainment Price Performance

NYSE:AMC traded down $0.02 during mid-day trading on Friday, reaching $2.81. 6,791,407 shares of the company's stock were exchanged, compared to its average volume of 11,267,484. AMC Entertainment Holdings, Inc. has a one year low of $2.45 and a one year high of $5.56. The business's fifty day simple moving average is $3.03 and its two-hundred day simple moving average is $3.03.

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.