AMC Entertainment Holdings, Inc. (NYSE:AMC) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its position in AMC Entertainment Holdings, Inc. (NYSE:AMC) by 8.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 4,032,519 shares of the company’s stock after buying an additional 327,019 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.07% of AMC Entertainment worth $16,049,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of AMC. KBC Group NV acquired a new position in AMC Entertainment in the 3rd quarter valued at $37,000. Traphagen Investment Advisors LLC acquired a new position in AMC Entertainment in the 4th quarter valued at $64,000. Sanctuary Advisors LLC acquired a new position in AMC Entertainment in the 3rd quarter valued at $72,000. Meridian Wealth Management LLC increased its stake in AMC Entertainment by 61.4% in the 4th quarter. Meridian Wealth Management LLC now owns 25,254 shares of the company’s stock valued at $101,000 after buying an additional 9,605 shares during the period. Finally, FORA Capital LLC acquired a new position in AMC Entertainment in the 3rd quarter valued at $182,000. 28.80% of the stock is owned by institutional investors and hedge funds.

AMC Entertainment Stock Down 1.5 %

AMC Entertainment stock opened at $3.00 on Friday. AMC Entertainment Holdings, Inc. has a 52 week low of $2.38 and a 52 week high of $11.88. The firm’s 50-day simple moving average is $3.27 and its 200 day simple moving average is $4.04. The firm has a market capitalization of $1.29 billion, a PE ratio of -1.86 and a beta of 1.91.

Wall Street Analyst Weigh In

AMC has been the topic of several recent research reports. Macquarie reissued a “neutral” rating and issued a $4.00 price objective on shares of AMC Entertainment in a research note on Wednesday, February 26th. StockNews.com upgraded shares of AMC Entertainment to a “sell” rating in a research report on Saturday, February 22nd. Roth Capital set a $3.25 target price on shares of AMC Entertainment in a research report on Tuesday, February 4th. Benchmark restated a “hold” rating on shares of AMC Entertainment in a research report on Monday, March 3rd. Finally, Citigroup decreased their target price on shares of AMC Entertainment from $2.90 to $2.80 and set a “sell” rating on the stock in a research report on Friday, March 7th. Three research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to MarketBeat, AMC Entertainment currently has a consensus rating of “Hold” and a consensus target price of $4.76.

About AMC Entertainment

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.