Geode Capital Management LLC Has $36.62 Million Stock Position in AMC Entertainment Holdings, Inc. (NYSE:AMC)

Geode Capital Management LLC raised its holdings in AMC Entertainment Holdings, Inc. (NYSE:AMC - Free Report) by 12.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,047,182 shares of the company's stock after purchasing an additional 866,757 shares during the period. Geode Capital Management LLC owned approximately 2.23% of AMC Entertainment worth $36,622,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Bank of New York Mellon Corp grew its holdings in shares of AMC Entertainment by 92.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,086,600 shares of the company's stock worth $5,411,000 after purchasing an additional 522,063 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in AMC Entertainment by 14.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,228 shares of the company's stock worth $230,000 after buying an additional 5,902 shares in the last quarter. Principal Financial Group Inc. increased its holdings in AMC Entertainment by 35.8% in the 2nd quarter. Principal Financial Group Inc. now owns 27,276 shares of the company's stock valued at $136,000 after buying an additional 7,185 shares during the period. Commonwealth Equity Services LLC increased its holdings in AMC Entertainment by 243.4% in the 2nd quarter. Commonwealth Equity Services LLC now owns 56,911 shares of the company's stock valued at $283,000 after buying an additional 40,336 shares during the period. Finally, Waldron Private Wealth LLC raised its position in shares of AMC Entertainment by 47.0% in the 2nd quarter. Waldron Private Wealth LLC now owns 17,071 shares of the company's stock valued at $85,000 after buying an additional 5,459 shares in the last quarter. Institutional investors and hedge funds own 28.80% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on AMC. StockNews.com upgraded shares of AMC Entertainment to a "sell" rating in a research report on Tuesday, November 12th. B. Riley reduced their target price on AMC Entertainment from $8.00 to $6.00 and set a "neutral" rating on the stock in a report on Thursday, November 7th. Macquarie reiterated an "underperform" rating and issued a $4.00 price target on shares of AMC Entertainment in a research note on Wednesday, November 13th. Finally, Benchmark restated a "hold" rating on shares of AMC Entertainment in a research report on Thursday, November 7th. Four equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. According to data from MarketBeat, AMC Entertainment currently has an average rating of "Reduce" and an average target price of $5.44.

AMC Entertainment Trading Down 1.5 %

AMC Entertainment stock traded down $0.06 during mid-day trading on Wednesday, reaching $4.06. The company had a trading volume of 5,860,494 shares, compared to its average volume of 25,150,080. The business has a fifty day simple moving average of $4.47 and a 200 day simple moving average of $4.73. The company has a market cap of $1.53 billion, a P/E ratio of -2.52 and a beta of 1.85. AMC Entertainment Holdings, Inc. has a fifty-two week low of $2.38 and a fifty-two week high of $11.88.

AMC Entertainment (NYSE:AMC - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.03. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same period last year, the business earned ($0.09) EPS. The company's revenue was down 4.1% compared to the same quarter last year. Research analysts forecast that AMC Entertainment Holdings, Inc. will post -1.41 EPS for the current year.

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.