Optimize Financial Inc Purchases Shares of 198,310 AMC Entertainment Holdings, Inc. (NYSE:AMC)

Optimize Financial Inc acquired a new stake in AMC Entertainment Holdings, Inc. (NYSE:AMC - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 198,310 shares of the company's stock, valued at approximately $789,000. Optimize Financial Inc owned approximately 0.05% of AMC Entertainment at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. grew its position in shares of AMC Entertainment by 4.4% in the fourth quarter. Vanguard Group Inc. now owns 36,854,559 shares of the company's stock valued at $146,681,000 after purchasing an additional 1,558,554 shares in the last quarter. Geode Capital Management LLC grew its holdings in AMC Entertainment by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 8,271,059 shares of the company's stock valued at $32,927,000 after buying an additional 223,877 shares in the last quarter. State Street Corp increased its position in shares of AMC Entertainment by 14.6% during the third quarter. State Street Corp now owns 7,353,442 shares of the company's stock valued at $33,458,000 after buying an additional 936,618 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of 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 worth $16,049,000 after buying an additional 327,019 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of AMC Entertainment by 91.5% in the fourth quarter. JPMorgan Chase & Co. now owns 2,263,513 shares of the company's stock valued at $9,009,000 after acquiring an additional 1,081,464 shares during the period. Institutional investors own 28.80% of the company's stock.

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Analysts Set New Price Targets

AMC has been the topic of a number of analyst reports. Roth Capital set a $3.25 target price on shares of AMC Entertainment in a report on Tuesday, February 4th. Benchmark reiterated a "hold" rating on shares of AMC Entertainment in a research report on Monday, March 3rd. Macquarie restated a "neutral" rating and set a $4.00 target price on shares of AMC Entertainment in a research report on Wednesday, February 26th. Citigroup lowered their price target on AMC Entertainment from $2.90 to $2.80 and set a "sell" rating on the stock in a report on Friday, March 7th. Finally, Roth Mkm upgraded shares of AMC Entertainment from a "sell" rating to a "neutral" rating and decreased their price objective for the stock from $4.00 to $3.25 in a research report on Tuesday, February 4th. Three analysts have rated the stock with a sell rating and six have given a hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $4.76.

AMC Entertainment Stock Up 2.3 %

Shares of NYSE AMC traded up $0.07 during trading hours on Tuesday, reaching $2.95. 4,892,723 shares of the stock traded hands, compared to its average volume of 23,498,816. The company's 50-day simple moving average is $3.08 and its two-hundred day simple moving average is $3.77. The company has a market capitalization of $1.27 billion, a P/E ratio of -1.83 and a beta of 1.64. AMC Entertainment Holdings, Inc. has a 52-week low of $2.38 and a 52-week high of $11.88.

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.