Geode Capital Management LLC Purchases 223,877 Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC)

Geode Capital Management LLC grew its holdings in AMC Entertainment Holdings, Inc. (NYSE:AMC - Free Report) by 2.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 8,271,059 shares of the company's stock after buying an additional 223,877 shares during the quarter. Geode Capital Management LLC owned approximately 2.20% of AMC Entertainment worth $32,927,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. FMR LLC increased its position in shares of AMC Entertainment by 43.5% during the third quarter. FMR LLC now owns 60,877 shares of the company's stock valued at $277,000 after buying an additional 18,464 shares during the period. State Street Corp grew its holdings in shares of AMC Entertainment by 14.6% during the 3rd quarter. State Street Corp now owns 7,353,442 shares of the company's stock worth $33,458,000 after acquiring an additional 936,618 shares during the period. Virtu Financial LLC bought a new position in shares of AMC Entertainment in the 3rd quarter worth approximately $893,000. Sanctuary Advisors LLC purchased a new position in shares of AMC Entertainment in the 3rd quarter valued at approximately $72,000. Finally, Franklin Resources Inc. bought a new stake in shares of AMC Entertainment during the third quarter valued at approximately $788,000. 28.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Roth Capital set a $3.25 price objective on AMC Entertainment in a report on Tuesday, February 4th. Citigroup dropped their target price on AMC Entertainment from $2.90 to $2.80 and set a "sell" rating on the stock in a report on Friday, March 7th. Benchmark restated a "hold" rating on shares of AMC Entertainment in a report on Monday, March 3rd. Macquarie reaffirmed a "neutral" rating and issued a $4.00 price target on shares of AMC Entertainment in a research report on Wednesday, February 26th. Finally, StockNews.com raised shares of AMC Entertainment to a "sell" rating in a research report on Saturday, February 22nd. Three equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $4.72.

AMC Entertainment Trading Up 1.5 %

NYSE:AMC traded up $0.04 during mid-day trading on Tuesday, reaching $2.73. The company's stock had a trading volume of 6,844,631 shares, compared to its average volume of 23,191,348. The firm's fifty day moving average price is $3.02 and its two-hundred day moving average price is $3.72. The stock has a market cap of $1.18 billion, a P/E ratio of -1.70 and a beta of 1.64. AMC Entertainment Holdings, Inc. has a 12-month low of $2.45 and a 12-month high of $11.88.

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.