State Street Corp Acquires 936,618 Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC)

State Street Corp raised its position in shares of AMC Entertainment Holdings, Inc. (NYSE:AMC - Free Report) by 14.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,353,442 shares of the company's stock after purchasing an additional 936,618 shares during the period. State Street Corp owned 2.03% of AMC Entertainment worth $33,458,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its position in shares of AMC Entertainment by 153.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,705,500 shares of the company's stock worth $16,860,000 after buying an additional 2,243,052 shares during the last quarter. Scientech Research LLC bought a new stake in AMC Entertainment during the second quarter worth approximately $1,167,000. Bank of New York Mellon Corp grew its holdings in AMC Entertainment by 92.5% during the second quarter. Bank of New York Mellon Corp now owns 1,086,600 shares of the company's stock valued at $5,411,000 after purchasing an additional 522,063 shares during the last quarter. MetLife Investment Management LLC raised its position in shares of AMC Entertainment by 174.6% in the third quarter. MetLife Investment Management LLC now owns 192,826 shares of the company's stock valued at $877,000 after purchasing an additional 122,609 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of AMC Entertainment by 16.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 176,232 shares of the company's stock worth $802,000 after buying an additional 25,489 shares during the period. 28.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AMC has been the subject of a number of recent analyst reports. Macquarie restated an "underperform" rating and set a $4.00 price target on shares of AMC Entertainment in a report on Wednesday, November 13th. StockNews.com upgraded AMC Entertainment to a "sell" rating in a report on Tuesday, November 12th. Benchmark reaffirmed a "hold" rating on shares of AMC Entertainment in a research report on Thursday, November 7th. Finally, B. Riley reduced their price target on shares of AMC Entertainment from $8.00 to $6.00 and set a "neutral" rating for the company in a report on Thursday, November 7th. Four investment analysts have rated the stock with a sell rating and three have given a hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Reduce" and an average price target of $5.44.

AMC Entertainment Stock Performance

Shares of AMC stock traded up $0.09 during trading hours on Friday, hitting $4.18. The company had a trading volume of 22,674,568 shares, compared to its average volume of 25,273,121. AMC Entertainment Holdings, Inc. has a 12 month low of $2.38 and a 12 month high of $11.88. The firm's fifty day moving average is $4.47 and its 200 day moving average is $4.75. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of -2.60 and a beta of 1.85.

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

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.