AMC Entertainment Holdings, Inc. (NYSE:AMC) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lessened its position in AMC Entertainment Holdings, Inc. (NYSE:AMC) by 18.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,268 shares of the company’s stock after selling 4,347 shares during the period. Principal Financial Group Inc.’s holdings in AMC Entertainment were worth $77,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Rhumbline Advisers raised its position in shares of AMC Entertainment by 3.4% in the fourth quarter. Rhumbline Advisers now owns 511,171 shares of the company’s stock valued at $2,034,000 after buying an additional 16,675 shares during the last quarter. KBC Group NV increased its position in AMC Entertainment by 7,771.5% during 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. Traphagen Investment Advisors LLC acquired a new position in AMC Entertainment during the fourth quarter worth approximately $64,000. JPMorgan Chase & Co. increased its position in AMC Entertainment by 431.5% during the third quarter. JPMorgan Chase & Co. now owns 1,182,049 shares of the company’s stock worth $5,378,000 after purchasing an additional 959,642 shares during the last quarter. Finally, Franklin Resources Inc. acquired a new position in AMC Entertainment during the third quarter worth approximately $788,000. Institutional investors and hedge funds own 28.80% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on AMC. Benchmark reaffirmed a “hold” rating on shares of AMC Entertainment in a research report on Monday, March 3rd. StockNews.com raised shares of AMC Entertainment to a “sell” rating in a research report on Saturday, February 22nd. Roth Mkm raised shares of AMC Entertainment from a “sell” rating to a “neutral” rating and dropped their price target for the stock from $4.00 to $3.25 in a research report on Tuesday, February 4th. Roth Capital set a $3.25 price objective on shares of AMC Entertainment in a research note on Tuesday, February 4th. Finally, Macquarie reiterated a “neutral” rating and set a $4.00 price objective on shares of AMC Entertainment in a research note on Wednesday, February 26th. Three analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $4.76.

AMC Entertainment Stock Up 1.8 %

AMC opened at $3.07 on Friday. The company has a market cap of $1.32 billion, a P/E ratio of -1.90 and a beta of 1.91. The company has a 50 day moving average of $3.45 and a two-hundred day moving average of $4.15. AMC Entertainment Holdings, Inc. has a 52-week low of $2.38 and a 52-week high of $11.88.

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.