Swiss National Bank Increases Stock Position in AMC Entertainment Holdings, Inc. (NYSE:AMC)

Swiss National Bank grew its stake in AMC Entertainment Holdings, Inc. (NYSE:AMC) by 27.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 732,491 shares of the company’s stock after acquiring an additional 155,500 shares during the period. Swiss National Bank owned about 0.19% of AMC Entertainment worth $2,915,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Avantax Advisory Services Inc. raised its position in AMC Entertainment by 36.6% in the fourth quarter. Avantax Advisory Services Inc. now owns 83,104 shares of the company’s stock valued at $331,000 after purchasing an additional 22,247 shares during the period. Amundi grew its stake in shares of AMC Entertainment by 106.8% in the fourth quarter. Amundi now owns 26,899 shares of the company’s stock valued at $106,000 after buying an additional 13,890 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of AMC Entertainment in the 4th quarter valued at $96,000. Arizona State Retirement System lifted its stake in AMC Entertainment by 27.0% during the 4th quarter. Arizona State Retirement System now owns 108,089 shares of the company’s stock worth $430,000 after acquiring an additional 22,978 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in AMC Entertainment by 8.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,032,519 shares of the company’s stock valued at $16,049,000 after acquiring an additional 327,019 shares during the period. 28.80% of the stock is owned by hedge funds and other institutional investors.

AMC Entertainment Price Performance

NYSE:AMC opened at $3.04 on Thursday. AMC Entertainment Holdings, Inc. has a 12 month low of $2.38 and a 12 month high of $11.88. The firm has a market capitalization of $1.31 billion, a PE ratio of -1.89 and a beta of 1.91. The business’s fifty day moving average price is $3.23 and its 200 day moving average price is $3.98.

Analyst Ratings Changes

AMC has been the topic of a number of recent research reports. StockNews.com upgraded shares of AMC Entertainment to a “sell” rating in a research note on Saturday, February 22nd. Roth Mkm upgraded shares of AMC Entertainment from a “sell” rating to a “neutral” rating and reduced their target price for the stock from $4.00 to $3.25 in a report on Tuesday, February 4th. Macquarie reaffirmed a “neutral” rating and set a $4.00 price objective on shares of AMC Entertainment in a research report on Wednesday, February 26th. Roth Capital set a $3.25 price objective on AMC Entertainment in a research note on Tuesday, February 4th. Finally, Citigroup cut their price target on AMC Entertainment from $2.90 to $2.80 and set a “sell” rating on the stock in a report on Friday, March 7th. Three equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to MarketBeat, AMC Entertainment currently has a consensus rating of “Hold” and a consensus price target 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.