Rhumbline Advisers Acquires 28,017 Shares of AMC Entertainment Holdings, Inc. $AMC

Rhumbline Advisers grew its position in AMC Entertainment Holdings, Inc. (NYSE:AMC) by 5.5% in the first quarter, according to its most recent filing with the SEC. The fund owned 539,188 shares of the company’s stock after acquiring an additional 28,017 shares during the period. Rhumbline Advisers owned 0.12% of AMC Entertainment worth $1,547,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of AMC Entertainment by 30.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 710,181 shares of the company’s stock valued at $2,038,000 after acquiring an additional 164,740 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of AMC Entertainment by 21.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 240,255 shares of the company’s stock valued at $690,000 after acquiring an additional 41,860 shares during the last quarter. Covalent Partners LLC lifted its stake in shares of AMC Entertainment by 58.3% in the 1st quarter. Covalent Partners LLC now owns 95,000 shares of the company’s stock valued at $273,000 after acquiring an additional 35,000 shares during the last quarter. Graham Capital Management L.P. lifted its stake in shares of AMC Entertainment by 272.7% in the 1st quarter. Graham Capital Management L.P. now owns 625,783 shares of the company’s stock valued at $1,796,000 after acquiring an additional 457,856 shares during the last quarter. Finally, GMT Capital Corp bought a new position in shares of AMC Entertainment in the 1st quarter valued at $5,212,000. 28.80% of the stock is currently owned by institutional investors.

AMC Entertainment Stock Performance

AMC Entertainment stock opened at $2.83 on Friday. The stock’s 50 day simple moving average is $2.98 and its two-hundred day simple moving average is $2.98. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of -3.18 and a beta of 1.35. AMC Entertainment Holdings, Inc. has a fifty-two week low of $2.45 and a fifty-two week high of $5.56.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on AMC shares. Wedbush upgraded AMC Entertainment from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $3.00 to $4.00 in a research report on Friday, July 11th. Wall Street Zen raised AMC Entertainment from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 16th. Finally, Citigroup upped 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. One equities 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’s stock. According to MarketBeat.com, AMC Entertainment presently has an average rating of “Hold” and a consensus price target of $3.33.

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.