Voleon Capital Management LP acquired a new stake in AMC Entertainment Holdings, Inc. (NYSE:AMC - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 136,986 shares of the company's stock, valued at approximately $545,000.
Other hedge funds also recently modified their holdings of the company. Virtu Financial LLC acquired a new position in shares of AMC Entertainment in the third quarter valued at about $893,000. Franklin Resources Inc. acquired a new stake in shares of AMC Entertainment in the third quarter valued at approximately $788,000. JPMorgan Chase & Co. boosted its stake in shares of AMC Entertainment by 431.5% in the third quarter. JPMorgan Chase & Co. now owns 1,182,049 shares of the company's stock valued at $5,378,000 after buying an additional 959,642 shares during the period. Traphagen Investment Advisors LLC acquired a new stake in AMC Entertainment during the fourth quarter worth approximately $64,000. Finally, KBC Group NV increased its stake in AMC Entertainment by 7,771.5% during the 4th quarter. KBC Group NV now owns 648,141 shares of the company's stock worth $2,580,000 after acquiring an additional 639,907 shares during the period. Institutional investors and hedge funds own 28.80% of the company's stock.
Analyst Ratings Changes
Several research firms have weighed in on AMC. Benchmark restated a "hold" rating on shares of AMC Entertainment in a research note on Monday, March 3rd. Macquarie reiterated a "neutral" rating and issued a $4.00 target price on shares of AMC Entertainment in a research report on Wednesday, February 26th. Roth Mkm dropped their target price on shares of AMC Entertainment from $3.25 to $3.00 and set a "neutral" rating for the company in a report on Wednesday, April 16th. StockNews.com upgraded AMC Entertainment to a "sell" rating in a research note on Saturday, February 22nd. Finally, Roth Capital set a $3.25 target price on AMC Entertainment in a report on Tuesday, February 4th. 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.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $4.65.
Check Out Our Latest Analysis on AMC
AMC Entertainment Trading Down 1.1 %
Shares of AMC traded down $0.03 during trading hours on Monday, reaching $2.65. The stock had a trading volume of 6,156,726 shares, compared to its average volume of 22,806,635. AMC Entertainment Holdings, Inc. has a 12 month low of $2.45 and a 12 month high of $11.88. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of -1.65 and a beta of 1.41. The firm has a 50-day simple moving average of $2.89 and a 200 day simple moving average of $3.63.
About AMC Entertainment
(
Free Report)
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.
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