Geode Capital Management LLC Purchases 223,877 Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC)

Geode Capital Management LLC increased its position in shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) by 2.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,271,059 shares of the company’s stock after buying an additional 223,877 shares during the period. Geode Capital Management LLC owned 2.20% of AMC Entertainment worth $32,927,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. lifted its position in shares of AMC Entertainment by 91.5% during the 4th 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. Vanguard Group Inc. raised its holdings in shares of AMC Entertainment by 4.4% in the 4th quarter. Vanguard Group Inc. now owns 36,854,559 shares of the company’s stock worth $146,681,000 after purchasing an additional 1,558,554 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in shares of AMC Entertainment during the 4th quarter valued at approximately $289,000. Intech Investment Management LLC lifted its holdings in shares of AMC Entertainment by 97.0% in the fourth quarter. Intech Investment Management LLC now owns 129,317 shares of the company’s stock worth $515,000 after buying an additional 63,661 shares in the last quarter. Finally, Cibc World Markets Corp purchased a new position in AMC Entertainment during the fourth quarter worth about $130,000. Institutional investors and hedge funds own 28.80% of the company’s stock.

AMC Entertainment Stock Performance

AMC stock opened at $2.82 on Thursday. The stock has a market capitalization of $1.22 billion, a P/E ratio of -1.75 and a beta of 1.64. AMC Entertainment Holdings, Inc. has a one year low of $2.45 and a one year high of $11.88. The company has a 50 day moving average price of $3.07 and a two-hundred day moving average price of $3.77.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on AMC shares. Macquarie reiterated a “neutral” rating and set a $4.00 price target on shares of AMC Entertainment in a report on Wednesday, February 26th. Citigroup decreased their price target on shares of AMC Entertainment from $2.90 to $2.80 and set a “sell” rating on the stock in a research report on Friday, March 7th. StockNews.com upgraded shares of AMC Entertainment to a “sell” rating in a research note on Saturday, February 22nd. Benchmark restated a “hold” rating on shares of AMC Entertainment in a research note on Monday, March 3rd. Finally, Roth Capital set a $3.25 price target on AMC Entertainment in a research note on Tuesday, February 4th. Three research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $4.72.

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.