AMC Entertainment Holdings, Inc. $AMC Stock Acquired by State of Wyoming

by · The Markets Daily

State of Wyoming grew its position in shares of AMC Entertainment Holdings, Inc. (NYSE:AMC – Free Report) by 892.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 261,206 shares of the company’s stock after purchasing an additional 234,874 shares during the quarter. State of Wyoming’s holdings in AMC Entertainment were worth $784,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Readystate Asset Management LP acquired a new stake in AMC Entertainment during the second quarter valued at $8,343,000. Fund 1 Investments LLC acquired a new position in shares of AMC Entertainment in the second quarter worth about $4,192,000. Headlands Technologies LLC acquired a new position in shares of AMC Entertainment in the second quarter worth about $1,643,000. WINTON GROUP Ltd acquired a new position in shares of AMC Entertainment in the second quarter worth about $969,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al boosted its stake in shares of AMC Entertainment by 447.5% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 425,400 shares of the company’s stock worth $1,276,000 after acquiring an additional 347,700 shares in the last quarter. 28.80% of the stock is currently owned by institutional investors and hedge funds.

AMC Entertainment Price Performance

Shares of NYSE:AMC opened at $3.06 on Friday. AMC Entertainment Holdings, Inc. has a 1 year low of $0.93 and a 1 year high of $3.40. The firm has a market capitalization of $2.73 billion, a PE ratio of -2.86 and a beta of 1.97. The business’s 50 day moving average price is $2.81 and its 200-day moving average price is $1.98.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Weiss Ratings upgraded AMC Entertainment from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, August 31st. Citigroup reaffirmed a “sell” rating and issued a $2.20 price target (up from $1.80) on shares of AMC Entertainment in a report on Friday, September 25th. Texas Capital upgraded AMC Entertainment from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 15th. Needham & Company LLC set a $3.50 price objective on AMC Entertainment in a report on Tuesday, July 21st. Finally, Wedbush restated an “outperform” rating and issued a $4.00 price objective (up from $3.00) on shares of AMC Entertainment in a research report on Tuesday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $2.67.

Read Our Latest Stock Report on AMC

AMC Entertainment Profile

(Free Report)

AMC Entertainment Holdings, Inc is one of the world’s largest theatrical exhibition companies. Through its AMC Theatres and ODEON Cinemas Group brands, the company operates movie theaters that showcase new film releases and provide audiences with premium viewing experiences.

AMC’s theater offerings include standard and large-format screens, IMAX and Dolby Cinema experiences, reserved seating, mobile and online ticketing, and food and beverage services. The company also operates loyalty programs, including AMC Stubs, and offers subscription and membership products in select markets.

Founded in 1920, AMC serves moviegoers primarily in the United States and Europe.

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