Arizona State Retirement System Acquires 22,978 Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC)

Arizona State Retirement System lifted its holdings in AMC Entertainment Holdings, Inc. (NYSE:AMC) by 27.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 108,089 shares of the company’s stock after purchasing an additional 22,978 shares during the period. Arizona State Retirement System’s holdings in AMC Entertainment were worth $430,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. KBC Group NV bought a new position in shares of AMC Entertainment in the 3rd quarter worth approximately $37,000. Amalgamated Bank raised its stake in AMC Entertainment by 31.5% during the 3rd quarter. Amalgamated Bank now owns 11,568 shares of the company’s stock worth $53,000 after acquiring an additional 2,771 shares during the period. Traphagen Investment Advisors LLC bought a new stake in AMC Entertainment during the 4th quarter worth approximately $64,000. Sanctuary Advisors LLC bought a new stake in AMC Entertainment during the 3rd quarter worth approximately $72,000. Finally, Meridian Wealth Management LLC raised its stake in AMC Entertainment by 61.4% during the 4th quarter. Meridian Wealth Management LLC now owns 25,254 shares of the company’s stock worth $101,000 after acquiring an additional 9,605 shares during the period. Institutional investors own 28.80% of the company’s stock.

AMC Entertainment Stock Performance

AMC stock opened at $2.92 on Friday. The firm has a fifty day moving average price of $3.35 and a 200 day moving average price of $4.09. AMC Entertainment Holdings, Inc. has a fifty-two week low of $2.38 and a fifty-two week high of $11.88. The firm has a market cap of $1.26 billion, a PE ratio of -1.81 and a beta of 1.91.

Wall Street Analysts Forecast Growth

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

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.