Voleon Capital Management LP Purchases New Position in AMC Entertainment Holdings, Inc. (NYSE:AMC)

Voleon Capital Management LP bought a new position in AMC Entertainment Holdings, Inc. (NYSE:AMC - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 136,986 shares of the company's stock, valued at approximately $545,000.

A number of other institutional investors and hedge funds have also modified their holdings of AMC. Northern Trust Corp boosted its position in AMC Entertainment by 12.6% during the fourth quarter. Northern Trust Corp now owns 3,318,281 shares of the company's stock worth $13,207,000 after purchasing an additional 370,408 shares during the period. Susquehanna Fundamental Investments LLC acquired a new position in AMC Entertainment in the 4th quarter valued at $1,191,000. Price T Rowe Associates Inc. MD lifted its position 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 acquiring an additional 24,612 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in AMC Entertainment by 14.3% during the fourth quarter. Hsbc Holdings PLC now owns 82,893 shares of the company's stock valued at $326,000 after acquiring an additional 10,395 shares during the period. Finally, MetLife Investment Management LLC grew its position in shares of AMC Entertainment by 3.7% in the fourth quarter. MetLife Investment Management LLC now owns 199,886 shares of the company's stock valued at $796,000 after purchasing an additional 7,060 shares during the last quarter. Hedge funds and other institutional investors own 28.80% of the company's stock.

AMC Entertainment Stock Up 0.2 %

AMC traded up $0.01 during midday trading on Wednesday, hitting $2.69. The company had a trading volume of 2,125,186 shares, compared to its average volume of 22,587,781. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of -1.67 and a beta of 1.41. The stock's 50 day moving average price is $2.87 and its 200 day moving average price is $3.61. AMC Entertainment Holdings, Inc. has a 52 week low of $2.45 and a 52 week high of $11.88.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on AMC shares. Citigroup reissued a "sell" rating and issued a $2.30 price objective (down from $2.80) on shares of AMC Entertainment in a research report on Thursday, April 24th. Roth Capital set a $3.25 price target on shares of AMC Entertainment in a research note on Tuesday, February 4th. StockNews.com upgraded AMC Entertainment to a "sell" rating in a research report on Saturday, February 22nd. Roth Mkm cut their price target on shares of AMC Entertainment from $3.25 to $3.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Finally, Macquarie restated a "neutral" rating and set a $4.00 price objective on shares of AMC Entertainment in a report on Wednesday, February 26th. Three research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to MarketBeat, AMC Entertainment has an average rating of "Hold" and an average target price of $4.65.

AMC Entertainment 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.