JPMorgan Chase & Co. Grows Stock Holdings in AMC Entertainment Holdings, Inc. (NYSE:AMC)

JPMorgan Chase & Co. grew its stake in shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) by 431.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,182,049 shares of the company’s stock after acquiring an additional 959,642 shares during the quarter. JPMorgan Chase & Co. owned about 0.31% of AMC Entertainment worth $5,378,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. KBC Group NV acquired a new position in shares of AMC Entertainment in the 3rd quarter valued at about $37,000. Creative Planning acquired a new stake in AMC Entertainment during the third quarter worth about $48,000. Amalgamated Bank raised its position in AMC Entertainment by 31.5% in the third quarter. Amalgamated Bank now owns 11,568 shares of the company’s stock valued at $53,000 after purchasing an additional 2,771 shares during the period. Burns Matteson Capital Management LLC acquired a new position in shares of AMC Entertainment in the 3rd quarter worth approximately $55,000. Finally, Private Advisor Group LLC boosted its holdings in AMC Entertainment by 27.5% during the 3rd quarter. Private Advisor Group LLC now owns 15,011 shares of the company’s stock valued at $68,000 after acquiring an additional 3,237 shares during the period. Hedge funds and other institutional investors own 28.80% of the company’s stock.

Analyst Ratings Changes

AMC has been the topic of a number of recent research reports. B. Riley cut their target price on shares of AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. Benchmark reiterated a “hold” rating on shares of AMC Entertainment in a research note on Thursday, November 7th. StockNews.com upgraded shares of AMC Entertainment to a “sell” rating in a research note on Tuesday, November 12th. Finally, Macquarie reiterated an “underperform” rating and issued a $4.00 price objective on shares of AMC Entertainment in a research report on Wednesday, November 13th. Four investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $5.44.

AMC Entertainment Stock Performance

AMC Entertainment stock opened at $3.60 on Friday. AMC Entertainment Holdings, Inc. has a 1 year low of $2.38 and a 1 year high of $11.88. The firm has a 50 day moving average price of $4.30 and a 200 day moving average price of $4.62. The company has a market cap of $1.35 billion, a price-to-earnings ratio of -2.24 and a beta of 1.92.

AMC Entertainment (NYSE:AMC) last posted its quarterly earnings results on Wednesday, November 6th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.03. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter in the previous year, the business posted ($0.09) EPS. The company’s quarterly revenue was down 4.1% on a year-over-year basis. Sell-side analysts predict that AMC Entertainment Holdings, Inc. will post -1.41 EPS for the current year.

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.