Rhumbline Advisers Purchases 16,675 Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC)

Rhumbline Advisers raised its stake in AMC Entertainment Holdings, Inc. (NYSE:AMC) by 3.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 511,171 shares of the company’s stock after buying an additional 16,675 shares during the period. Rhumbline Advisers owned about 0.14% of AMC Entertainment worth $2,034,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its position in shares of AMC Entertainment by 153.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,705,500 shares of the company’s stock worth $16,860,000 after buying an additional 2,243,052 shares during the period. Virtu Financial LLC bought a new position in shares of AMC Entertainment in the third quarter valued at $893,000. Geode Capital Management LLC raised its stake in shares of AMC Entertainment by 12.1% in the third quarter. Geode Capital Management LLC now owns 8,047,182 shares of the company’s stock worth $36,622,000 after purchasing an additional 866,757 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of AMC Entertainment in the third quarter valued at about $72,000. Finally, KBC Group NV boosted its position in AMC Entertainment by 7,771.5% in the fourth quarter. KBC Group NV now owns 648,141 shares of the company’s stock worth $2,580,000 after purchasing an additional 639,907 shares during the last quarter. Institutional investors and hedge funds own 28.80% of the company’s stock.

AMC Entertainment Stock Down 7.0 %

NYSE AMC opened at $3.07 on Tuesday. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of -1.91 and a beta of 1.88. The company has a fifty day moving average of $3.53 and a two-hundred day moving average of $4.20. AMC Entertainment Holdings, Inc. has a 52 week low of $2.38 and a 52 week high of $11.88.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. StockNews.com upgraded AMC Entertainment to a “sell” rating in a research note on Saturday, February 22nd. Roth Mkm raised shares of AMC Entertainment from a “sell” rating to a “neutral” rating and decreased their price target for the stock from $4.00 to $3.25 in a report on Tuesday, February 4th. Benchmark restated a “hold” rating on shares of AMC Entertainment in a report on Monday. 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 report on Thursday, November 7th. Finally, Macquarie restated a “neutral” rating and set a $4.00 target price on shares of AMC Entertainment in a report on Wednesday, February 26th. Three equities research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $4.81.

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.