Skandinaviska Enskilda Banken AB publ Grows Stock Position in AMC Entertainment Holdings, Inc. (NYSE:AMC)

Skandinaviska Enskilda Banken AB publ grew its position in AMC Entertainment Holdings, Inc. (NYSE:AMC) by 68.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,947 shares of the company’s stock after acquiring an additional 6,473 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in AMC Entertainment were worth $63,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. KBC Group NV acquired a new stake in shares of AMC Entertainment in the third quarter valued at approximately $37,000. Amalgamated Bank increased its holdings in shares of AMC Entertainment by 31.5% in the third quarter. Amalgamated Bank now owns 11,568 shares of the company’s stock valued at $53,000 after purchasing an additional 2,771 shares during the last quarter. Traphagen Investment Advisors LLC acquired a new stake in shares of AMC Entertainment in the fourth quarter valued at approximately $64,000. Sanctuary Advisors LLC acquired a new stake in shares of AMC Entertainment in the third quarter valued at approximately $72,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of AMC Entertainment in the fourth quarter valued at approximately $96,000. Hedge funds and other institutional investors own 28.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on AMC shares. StockNews.com raised AMC Entertainment to a “sell” rating in a research note on Saturday, February 22nd. Citigroup cut their target price on AMC Entertainment from $2.90 to $2.80 and set a “sell” rating for the company in a research note on Friday, March 7th. Benchmark reissued a “hold” rating on shares of AMC Entertainment in a research note on Monday, March 3rd. Roth Capital set a $3.25 target price on AMC Entertainment in a research note on Tuesday, February 4th. Finally, Roth Mkm raised AMC Entertainment from a “sell” rating to a “neutral” rating and cut their target price for the stock from $4.00 to $3.25 in a research note on Tuesday, February 4th. Three 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, AMC Entertainment has an average rating of “Hold” and a consensus target price of $4.76.

AMC Entertainment Stock Up 0.5 %

AMC opened at $3.03 on Wednesday. AMC Entertainment Holdings, Inc. has a 52 week low of $2.38 and a 52 week high of $11.88. The business has a fifty day simple moving average of $3.30 and a 200-day simple moving average of $4.05. The firm has a market cap of $1.31 billion, a P/E ratio of -1.88 and a beta of 1.91.

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.