JPMorgan Chase & Co. Has $5.38 Million Stock Holdings in AMC Entertainment Holdings, Inc. (NYSE:AMC)

JPMorgan Chase & Co. raised its holdings in AMC Entertainment Holdings, Inc. (NYSE:AMC - Free Report) by 431.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,182,049 shares of the company's stock after acquiring an additional 959,642 shares during the period. JPMorgan Chase & Co. owned about 0.31% of AMC Entertainment worth $5,378,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of AMC. Franklin Resources Inc. acquired a new position in shares of AMC Entertainment during the third quarter worth $788,000. Sanctuary Advisors LLC acquired a new position in AMC Entertainment in the 3rd quarter worth about $72,000. Virtu Financial LLC bought a new position in AMC Entertainment in the third quarter valued at about $893,000. Geode Capital Management LLC boosted its stake in shares of AMC Entertainment by 12.1% during the third quarter. Geode Capital Management LLC now owns 8,047,182 shares of the company's stock valued at $36,622,000 after purchasing an additional 866,757 shares in the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of AMC Entertainment during the third quarter worth about $484,000. Institutional investors and hedge funds own 28.80% of the company's stock.

Wall Street Analyst Weigh In

AMC has been the topic of several recent research reports. StockNews.com upgraded shares of AMC Entertainment to a "sell" rating in a research report on Tuesday, November 12th. Macquarie reiterated an "underperform" rating and set a $4.00 price target on shares of AMC Entertainment in a report on Wednesday, November 13th. B. Riley decreased their price objective on AMC Entertainment from $8.00 to $6.00 and set a "neutral" rating for the company in a report on Thursday, November 7th. Finally, Benchmark reaffirmed a "hold" rating on shares of AMC Entertainment in a research report on Thursday, November 7th. Four analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Reduce" and a consensus price target of $5.44.

AMC Entertainment Price Performance

NYSE AMC traded down $0.09 during mid-day trading on Friday, reaching $3.50. 16,104,425 shares of the stock were exchanged, compared to its average volume of 13,097,314. The stock has a market cap of $1.31 billion, a P/E ratio of -2.17 and a beta of 1.92. AMC Entertainment Holdings, Inc. has a one year low of $2.38 and a one year high of $11.88. The stock has a 50 day simple moving average of $4.28 and a 200-day simple moving average of $4.61.

AMC Entertainment (NYSE:AMC - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.03. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same period last year, the business posted ($0.09) earnings per share. The business's revenue was down 4.1% on a year-over-year basis. Sell-side analysts anticipate that AMC Entertainment Holdings, Inc. will post -1.41 EPS for the current fiscal 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.