Geode Capital Management LLC Has $32.93 Million Position in AMC Entertainment Holdings, Inc. (NYSE:AMC)

Geode Capital Management LLC lifted its stake in AMC Entertainment Holdings, Inc. (NYSE:AMC - Free Report) by 2.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,271,059 shares of the company's stock after buying an additional 223,877 shares during the period. Geode Capital Management LLC owned about 2.20% of AMC Entertainment worth $32,927,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its stake in AMC Entertainment by 4.4% during the fourth quarter. Vanguard Group Inc. now owns 36,854,559 shares of the company's stock worth $146,681,000 after acquiring an additional 1,558,554 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of AMC Entertainment by 91.5% in the 4th quarter. JPMorgan Chase & Co. now owns 2,263,513 shares of the company's stock worth $9,009,000 after purchasing an additional 1,081,464 shares during the last quarter. State Street Corp increased its position in shares of AMC Entertainment by 14.6% during the 3rd quarter. State Street Corp now owns 7,353,442 shares of the company's stock worth $33,458,000 after purchasing an additional 936,618 shares in the last quarter. KBC Group NV lifted its holdings in AMC Entertainment by 7,771.5% during the 4th quarter. KBC Group NV now owns 648,141 shares of the company's stock valued at $2,580,000 after purchasing an additional 639,907 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in AMC Entertainment by 8.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,032,519 shares of the company's stock valued at $16,049,000 after buying an additional 327,019 shares in the last quarter. Institutional investors own 28.80% of the company's stock.

AMC Entertainment Trading Down 0.4 %

Shares of AMC stock traded down $0.01 on Friday, hitting $2.79. The stock had a trading volume of 5,674,221 shares, compared to its average volume of 23,337,688. The firm has a market cap of $1.20 billion, a P/E ratio of -1.73 and a beta of 1.64. AMC Entertainment Holdings, Inc. has a twelve month low of $2.45 and a twelve month high of $11.88. The company has a fifty day moving average price of $3.05 and a two-hundred day moving average price of $3.74.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on AMC. StockNews.com upgraded shares of AMC Entertainment to a "sell" rating in a research note on Saturday, February 22nd. Roth Capital set a $3.25 price target on AMC Entertainment in a report on Tuesday, February 4th. Benchmark reaffirmed a "hold" rating on shares of AMC Entertainment in a report on Monday, March 3rd. Citigroup cut their target price on shares of AMC Entertainment from $2.90 to $2.80 and set a "sell" rating on the stock in a research report on Friday, March 7th. Finally, Roth Mkm lowered their price target on shares of AMC Entertainment from $3.25 to $3.00 and set a "neutral" rating for the company in a research report on Wednesday. Three research analysts have rated the stock with a sell rating and six have given a hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $4.72.

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.