Vanguard Group Inc. Purchases 1,558,554 Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC)

Vanguard Group Inc. increased its position in shares of AMC Entertainment Holdings, Inc. (NYSE:AMC - Free Report) by 4.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,854,559 shares of the company's stock after purchasing an additional 1,558,554 shares during the period. Vanguard Group Inc. owned approximately 9.81% of AMC Entertainment worth $146,681,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in AMC. The Manufacturers Life Insurance Company lifted its holdings in shares of AMC Entertainment by 16.9% during the third 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 in the last quarter. FMR LLC raised its stake in AMC Entertainment by 43.5% in the 3rd quarter. FMR LLC now owns 60,877 shares of the company's stock worth $277,000 after purchasing an additional 18,464 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in AMC Entertainment by 32.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 61,360 shares of the company's stock worth $279,000 after purchasing an additional 15,132 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of AMC Entertainment by 39.2% during the 3rd quarter. Janus Henderson Group PLC now owns 128,574 shares of the company's stock worth $586,000 after purchasing an additional 36,231 shares in the last quarter. Finally, State Street Corp increased its holdings 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 worth $33,458,000 after purchasing an additional 936,618 shares during the period. 28.80% of the stock is currently owned by institutional investors.

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AMC Entertainment Price Performance

NYSE:AMC traded up $0.03 during trading hours on Friday, hitting $2.95. The company's stock had a trading volume of 5,998,128 shares, compared to its average volume of 23,584,803. 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 twelve month low of $2.38 and a twelve month high of $11.88. The stock has a fifty day simple moving average of $3.08 and a 200-day simple moving average of $3.80.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AMC. Macquarie reiterated a "neutral" rating and issued a $4.00 price target on shares of AMC Entertainment in a research note on Wednesday, February 26th. Roth Mkm upgraded AMC Entertainment from a "sell" rating to a "neutral" rating and cut their target price for the company from $4.00 to $3.25 in a research report on Tuesday, February 4th. StockNews.com upgraded AMC Entertainment to a "sell" rating in a research report on Saturday, February 22nd. Benchmark reaffirmed a "hold" rating on shares of AMC Entertainment in a research note on Monday, March 3rd. Finally, Citigroup reduced their price objective on shares of AMC Entertainment from $2.90 to $2.80 and set a "sell" rating on the stock in a research note on Friday, March 7th. Three analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $4.76.

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.