Charles Schwab Investment Management Inc. Purchases 2,243,052 Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC)

Charles Schwab Investment Management Inc. grew its position in shares of AMC Entertainment Holdings, Inc. (NYSE:AMC - Free Report) by 153.4% during the third quarter, according to its most recent filing with the SEC. The firm owned 3,705,500 shares of the company's stock after acquiring an additional 2,243,052 shares during the period. Charles Schwab Investment Management Inc. owned about 1.03% of AMC Entertainment worth $16,860,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Intech Investment Management LLC purchased a new stake in shares of AMC Entertainment in the 3rd quarter worth about $299,000. KBC Group NV purchased a new stake in AMC Entertainment in the third quarter worth about $37,000. Victory Capital Management Inc. grew its holdings in AMC Entertainment by 20.1% in the third quarter. Victory Capital Management Inc. now owns 45,711 shares of the company's stock worth $208,000 after purchasing an additional 7,661 shares during the period. Amalgamated Bank increased its stake in shares of AMC Entertainment by 31.5% during the third quarter. Amalgamated Bank now owns 11,568 shares of the company's stock valued at $53,000 after purchasing an additional 2,771 shares in the last quarter. Finally, Private Advisor Group LLC lifted its holdings in shares of AMC Entertainment by 27.5% during the third quarter. Private Advisor Group LLC now owns 15,011 shares of the company's stock valued at $68,000 after purchasing an additional 3,237 shares during the last quarter. Institutional investors own 28.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on AMC shares. Macquarie restated an "underperform" rating and issued a $4.00 price target on shares of AMC Entertainment in a research note on Wednesday, November 13th. B. Riley lowered their price target on AMC Entertainment from $8.00 to $6.00 and set a "neutral" rating for the company in a research report on Thursday, November 7th. Morgan Stanley cut their price objective on shares of AMC Entertainment from $11.00 to $10.00 and set an "underweight" rating on the stock in a research report on Monday, August 12th. StockNews.com raised shares of AMC Entertainment to a "sell" rating in a report on Tuesday, November 12th. Finally, Benchmark reiterated a "hold" rating on shares of AMC Entertainment in a report on Thursday, November 7th. Four investment analysts have rated the stock with a sell rating and three have given a hold rating to the stock. Based on data from MarketBeat.com, AMC Entertainment currently has a consensus rating of "Reduce" and a consensus price target of $5.44.

AMC Entertainment Trading Down 9.0 %

AMC stock traded down $0.47 on Friday, hitting $4.73. The company had a trading volume of 37,389,521 shares, compared to its average volume of 13,948,373. AMC Entertainment Holdings, Inc. has a 12-month low of $2.38 and a 12-month high of $11.88. The stock has a market cap of $1.78 billion, a price-to-earnings ratio of -2.94 and a beta of 1.85. The stock's 50-day simple moving average is $4.48 and its 200 day simple moving average is $4.78.

AMC Entertainment (NYSE:AMC - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.03. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.33 billion. The business's revenue was down 4.1% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.09) EPS. Research analysts forecast that AMC Entertainment Holdings, Inc. will post -1.42 earnings per share for the current year.

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.