Nuveen LLC Acquires New Holdings in AMC Entertainment Holdings, Inc. $AMC

Nuveen LLC bought a new position in shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 953,405 shares of the company’s stock, valued at approximately $2,736,000. Nuveen LLC owned approximately 0.22% of AMC Entertainment at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in AMC Entertainment by 16.2% during the first quarter. Vanguard Group Inc. now owns 42,815,896 shares of the company’s stock worth $122,882,000 after purchasing an additional 5,961,337 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in AMC Entertainment by 1.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 4,074,378 shares of the company’s stock worth $11,693,000 after purchasing an additional 41,859 shares in the last quarter. Northern Trust Corp raised its holdings in AMC Entertainment by 12.6% during the fourth quarter. Northern Trust Corp now owns 3,318,281 shares of the company’s stock worth $13,207,000 after purchasing an additional 370,408 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in AMC Entertainment by 12.9% during the first quarter. Bank of New York Mellon Corp now owns 1,069,693 shares of the company’s stock worth $3,070,000 after purchasing an additional 121,905 shares in the last quarter. Finally, Balyasny Asset Management L.P. bought a new stake in AMC Entertainment in the fourth quarter worth about $3,646,000. Institutional investors own 28.80% of the company’s stock.

AMC Entertainment Trading Down 0.2%

NYSE AMC opened at $2.84 on Friday. The stock’s 50-day moving average price is $3.03 and its two-hundred day moving average price is $3.04. AMC Entertainment Holdings, Inc. has a 1 year low of $2.45 and a 1 year high of $5.56. The company has a market cap of $1.45 billion, a PE ratio of -3.19 and a beta of 1.49.

Analyst Upgrades and Downgrades

Several brokerages have commented on AMC. Citigroup boosted their price target on shares of AMC Entertainment from $2.60 to $2.70 and gave the stock a “sell” rating in a research report on Tuesday, August 19th. Wall Street Zen upgraded shares of AMC Entertainment from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 16th. B. Riley initiated coverage on shares of AMC Entertainment in a research report on Friday, May 16th. They issued a “neutral” rating and a $3.00 price target on the stock. Finally, Wedbush raised AMC Entertainment from a “neutral” rating to an “outperform” rating and upped their price target for the company from $3.00 to $4.00 in a report on Friday, July 11th. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $3.33.

AMC Entertainment 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.