Hsbc Holdings PLC Boosts Holdings in AMC Entertainment Holdings, Inc. $AMC

Hsbc Holdings PLC raised its holdings in AMC Entertainment Holdings, Inc. (NYSE:AMC) by 13.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 93,877 shares of the company’s stock after acquiring an additional 10,984 shares during the quarter. Hsbc Holdings PLC’s holdings in AMC Entertainment were worth $271,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Northern Trust Corp lifted its holdings in AMC Entertainment by 6.7% in the first quarter. Northern Trust Corp now owns 3,540,656 shares of the company’s stock valued at $10,162,000 after acquiring an additional 222,375 shares during the period. Ground Swell Capital LLC acquired a new position in shares of AMC Entertainment during the 1st quarter worth $30,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of AMC Entertainment during the 1st quarter worth $50,000. Nuveen LLC acquired a new position in shares of AMC Entertainment during the 1st quarter worth $2,736,000. Finally, Swiss National Bank raised its stake in shares of AMC Entertainment by 0.9% during the 1st quarter. Swiss National Bank now owns 739,091 shares of the company’s stock worth $2,121,000 after buying an additional 6,600 shares during the last quarter. Institutional investors and hedge funds own 28.80% of the company’s stock.

AMC Entertainment Price Performance

AMC opened at $2.72 on Friday. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of -3.05 and a beta of 1.35. The business has a 50-day moving average of $3.01 and a two-hundred day moving average of $3.01. AMC Entertainment Holdings, Inc. has a 12 month low of $2.45 and a 12 month high of $5.56.

Analyst Ratings Changes

Several research analysts have recently issued reports on AMC shares. Citigroup lifted their price target on AMC Entertainment from $2.60 to $2.70 and gave the stock a “sell” rating in a research note on Tuesday, August 19th. Wall Street Zen raised AMC Entertainment from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 16th. Wedbush raised AMC Entertainment from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $3.00 to $4.00 in a research note on Friday, July 11th. Finally, B. Riley started coverage on shares of AMC Entertainment in a research note on Friday, May 16th. They issued a “neutral” rating and a $3.00 target price for the company. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target 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.