Skandinaviska Enskilda Banken AB publ Acquires 6,473 Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC)

Skandinaviska Enskilda Banken AB publ grew its position in AMC Entertainment Holdings, Inc. (NYSE:AMC) by 68.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,947 shares of the company’s stock after buying an additional 6,473 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in AMC Entertainment were worth $63,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Swiss National Bank lifted its holdings in shares of AMC Entertainment by 27.0% in the 4th quarter. Swiss National Bank now owns 732,491 shares of the company’s stock worth $2,915,000 after buying an additional 155,500 shares during the period. Avantax Advisory Services Inc. increased its position in AMC Entertainment by 36.6% during the 4th quarter. Avantax Advisory Services Inc. now owns 83,104 shares of the company’s stock valued at $331,000 after buying an additional 22,247 shares in the last quarter. Amundi increased its position in AMC Entertainment by 106.8% during the 4th quarter. Amundi now owns 26,899 shares of the company’s stock valued at $106,000 after buying an additional 13,890 shares in the last quarter. Raymond James Financial Inc. acquired a new position in AMC Entertainment during the 4th quarter valued at about $96,000. Finally, Arizona State Retirement System increased its position in AMC Entertainment by 27.0% during the 4th quarter. Arizona State Retirement System now owns 108,089 shares of the company’s stock valued at $430,000 after buying an additional 22,978 shares in the last quarter. 28.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AMC has been the topic of a number of research reports. Macquarie reissued a “neutral” rating and issued a $4.00 price objective on shares of AMC Entertainment in a report on Wednesday, February 26th. Roth Mkm upgraded AMC Entertainment from a “sell” rating to a “neutral” rating and lowered their target price for the stock from $4.00 to $3.25 in a research note on Tuesday, February 4th. Benchmark restated a “hold” rating on shares of AMC Entertainment in a research note on Monday, March 3rd. Citigroup lowered their target price on AMC Entertainment from $2.90 to $2.80 and set a “sell” rating on the stock in a research note on Friday, March 7th. Finally, Roth Capital set a $3.25 target price on AMC Entertainment in a research note on Tuesday, February 4th. Three research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to MarketBeat.com, AMC Entertainment has a consensus rating of “Hold” and a consensus target price of $4.76.

AMC Entertainment Trading Up 0.5 %

Shares of AMC stock opened at $3.03 on Wednesday. The company has a market capitalization of $1.31 billion, a P/E ratio of -1.88 and a beta of 1.91. The business’s 50 day moving average is $3.30 and its two-hundred day moving average is $4.05. AMC Entertainment Holdings, Inc. has a 12-month low of $2.38 and a 12-month high of $11.88.

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.