AMC Entertainment Holdings, Inc. (NYSE:AMC) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. increased its position in AMC Entertainment Holdings, Inc. (NYSE:AMC - Free Report) by 48.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 20,187,662 shares of the company's stock after acquiring an additional 6,577,228 shares during the period. Vanguard Group Inc. owned about 7.67% of AMC Entertainment worth $123,548,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Avantax Advisory Services Inc. grew its position in AMC Entertainment by 43.7% in the 4th quarter. Avantax Advisory Services Inc. now owns 16,663 shares of the company's stock worth $102,000 after purchasing an additional 5,070 shares during the period. Russell Investments Group Ltd. bought a new stake in AMC Entertainment in the 4th quarter worth approximately $34,000. HBK Sorce Advisory LLC grew its position in AMC Entertainment by 31.2% in the 4th quarter. HBK Sorce Advisory LLC now owns 27,459 shares of the company's stock worth $168,000 after purchasing an additional 6,525 shares during the period. Tower Research Capital LLC TRC grew its position in AMC Entertainment by 817.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 9,945 shares of the company's stock worth $61,000 after purchasing an additional 8,861 shares during the period. Finally, Victory Capital Management Inc. grew its position in AMC Entertainment by 54.8% in the 4th quarter. Victory Capital Management Inc. now owns 26,659 shares of the company's stock worth $163,000 after purchasing an additional 9,436 shares during the period. 28.80% of the stock is currently owned by hedge funds and other institutional investors.

AMC Entertainment Stock Up 0.4 %

AMC stock traded up $0.02 during mid-day trading on Friday, hitting $5.05. The company had a trading volume of 10,995,871 shares, compared to its average volume of 31,752,576. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of -3.98 and a beta of 1.84. AMC Entertainment Holdings, Inc. has a 12-month low of $2.38 and a 12-month high of $62.30. The company has a 50-day moving average price of $4.55 and a 200 day moving average price of $4.39.

AMC Entertainment (NYSE:AMC - Get Free Report) last announced its quarterly earnings results on Wednesday, May 8th. The company reported ($0.78) EPS for the quarter, missing the consensus estimate of ($0.62) by ($0.16). The business had revenue of $951.40 million for the quarter, compared to analyst estimates of $951.40 million. As a group, analysts expect that AMC Entertainment Holdings, Inc. will post -0.84 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AMC. Citigroup boosted their price objective on shares of AMC Entertainment from $3.10 to $3.20 and gave the company a "sell" rating in a research report on Tuesday, May 14th. Wedbush cut their price objective on shares of AMC Entertainment from $4.00 to $3.50 and set a "neutral" rating for the company in a research report on Thursday, May 9th. Four research analysts have rated the stock with a sell rating and two have issued a hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Reduce" and a consensus target price of $5.54.

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.