Optimize Financial Inc Takes Position in AMC Entertainment Holdings, Inc. (NYSE:AMC)

Optimize Financial Inc bought a new stake in shares of AMC Entertainment Holdings, Inc. (NYSE:AMC - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 198,310 shares of the company's stock, valued at approximately $789,000. Optimize Financial Inc owned about 0.05% of AMC Entertainment at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. The Manufacturers Life Insurance Company raised its position in shares of AMC Entertainment by 16.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 176,232 shares of the company's stock valued at $802,000 after buying an additional 25,489 shares in the last quarter. FMR LLC raised its position in 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 purchasing an additional 18,464 shares in the last quarter. Janus Henderson Group PLC lifted its stake in AMC Entertainment by 39.2% during the third quarter. Janus Henderson Group PLC now owns 128,574 shares of the company's stock worth $586,000 after purchasing an additional 36,231 shares during the last quarter. State Street Corp boosted its holdings in shares of AMC Entertainment by 14.6% in the 3rd quarter. State Street Corp now owns 7,353,442 shares of the company's stock worth $33,458,000 after purchasing an additional 936,618 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in shares of AMC Entertainment during the 3rd quarter valued at about $484,000. Hedge funds and other institutional investors own 28.80% of the company's stock.

AMC Entertainment Stock Down 0.4 %

Shares of AMC Entertainment stock traded down $0.01 during trading on Thursday, reaching $2.79. 5,674,221 shares of the stock were exchanged, compared to its average volume of 23,332,386. AMC Entertainment Holdings, Inc. has a 1 year low of $2.45 and a 1 year high of $11.88. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of -1.73 and a beta of 1.64. The stock's fifty day moving average is $3.07 and its 200 day moving average is $3.77.

Analyst Upgrades and Downgrades

Several analysts have issued reports on AMC shares. Roth Mkm cut their target price on AMC Entertainment from $3.25 to $3.00 and set a "neutral" rating for the company in a research note on Wednesday. Citigroup cut their price objective on shares of AMC Entertainment from $2.90 to $2.80 and set a "sell" rating for the company in a research note on Friday, March 7th. Benchmark reiterated a "hold" rating on shares of AMC Entertainment in a research report on Monday, March 3rd. Macquarie restated a "neutral" rating and set a $4.00 price target on shares of AMC Entertainment in a research report on Wednesday, February 26th. Finally, Roth Capital set a $3.25 target price on AMC Entertainment in a research note on Tuesday, February 4th. Three equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $4.72.

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.