Forsta AP Fonden bought a new stake in shares of AMC Entertainment Holdings, Inc. (NYSE:AMC – Get Rating) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 19,400 shares of the company’s stock, valued at approximately $263,000.
Several other large investors have also recently made changes to their positions in AMC. Covestor Ltd raised its holdings in AMC Entertainment by 417.6% in the 1st quarter. Covestor Ltd now owns 1,061 shares of the company’s stock worth $26,000 after acquiring an additional 856 shares during the last quarter. San Luis Wealth Advisors LLC purchased a new position in AMC Entertainment in the 1st quarter worth approximately $31,000. SJS Investment Consulting Inc. purchased a new position in AMC Entertainment in the 1st quarter worth approximately $37,000. Prospera Financial Services Inc purchased a new position in AMC Entertainment in the 1st quarter worth approximately $38,000. Finally, Allworth Financial LP raised its holdings in AMC Entertainment by 46.6% in the 2nd quarter. Allworth Financial LP now owns 2,224 shares of the company’s stock worth $30,000 after acquiring an additional 707 shares during the last quarter. 27.73% of the stock is currently owned by hedge funds and other institutional investors.
AMC Entertainment Price Performance
Shares of AMC stock opened at $7.27 on Tuesday. AMC Entertainment Holdings, Inc. has a 1 year low of $5.05 and a 1 year high of $42.99. The firm has a fifty day moving average price of $7.04 and a 200-day moving average price of $5.52. The company has a market cap of $3.76 billion, a price-to-earnings ratio of -5.31 and a beta of 1.61.
Analyst Upgrades and Downgrades
AMC Entertainment Profile
AMC Entertainment Holdings, Inc, through its subsidiaries, engages in the theatrical exhibition business. The company owns, operates, or has interests in theatres in the United States and Europe. As of March 1, 2022, it operated approximately 950 theatres and 10,600 screens. The company was founded in 1920 and is headquartered in Leawood, Kansas.
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