JPMorgan Chase & Co. Buys 1,081,464 Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC)

JPMorgan Chase & Co. grew its holdings in AMC Entertainment Holdings, Inc. (NYSE:AMC - Free Report) by 91.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,263,513 shares of the company's stock after acquiring an additional 1,081,464 shares during the period. JPMorgan Chase & Co. owned 0.60% of AMC Entertainment worth $9,009,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Virtu Financial LLC bought a new position in AMC Entertainment in the 3rd quarter worth $893,000. Geode Capital Management LLC lifted its holdings in shares of AMC Entertainment by 12.1% in the third quarter. Geode Capital Management LLC now owns 8,047,182 shares of the company's stock worth $36,622,000 after buying an additional 866,757 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of 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 during the last quarter. Sanctuary Advisors LLC purchased a new position in AMC Entertainment during the third quarter valued at $72,000. Finally, KBC Group NV increased its holdings in AMC Entertainment by 7,771.5% in the 4th quarter. KBC Group NV now owns 648,141 shares of the company's stock valued at $2,580,000 after acquiring an additional 639,907 shares during the last quarter. Hedge funds and other institutional investors own 28.80% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Citigroup cut their price objective on AMC Entertainment from $2.90 to $2.80 and set a "sell" rating for the company in a research report on Friday, March 7th. Benchmark reissued a "hold" rating on shares of AMC Entertainment in a research note on Monday, March 3rd. Roth Capital set a $3.25 price objective on AMC Entertainment in a report on Tuesday, February 4th. Macquarie restated a "neutral" rating and issued a $4.00 price target on shares of AMC Entertainment in a research report on Wednesday, February 26th. Finally, Roth Mkm lowered their price objective 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 investment analysts have rated the stock with a sell rating and six have given a hold rating to the company. Based on data from MarketBeat, AMC Entertainment has an average rating of "Hold" and a consensus target price of $4.72.

AMC Entertainment Price Performance

Shares of AMC Entertainment stock traded down $0.01 during trading 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 stock has a market cap of $1.20 billion, a PE ratio of -1.73 and a beta of 1.64. AMC Entertainment Holdings, Inc. has a 12 month low of $2.45 and a 12 month high of $11.88. The firm's fifty day simple moving average is $3.05 and its 200-day simple moving average is $3.74.

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.