Bayesian Capital Management LP Purchases 70,600 Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC)

Bayesian Capital Management LP increased its position in AMC Entertainment Holdings, Inc. (NYSE:AMC) by 85.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 153,100 shares of the company’s stock after purchasing an additional 70,600 shares during the quarter. Bayesian Capital Management LP’s holdings in AMC Entertainment were worth $609,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of AMC Entertainment by 4.4% during the 4th quarter. Vanguard Group Inc. now owns 36,854,559 shares of the company’s stock valued at $146,681,000 after acquiring an additional 1,558,554 shares in the last quarter. Geode Capital Management LLC lifted its stake in AMC Entertainment by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 8,271,059 shares of the company’s stock worth $32,927,000 after purchasing an additional 223,877 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in AMC Entertainment by 8.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,032,519 shares of the company’s stock valued at $16,049,000 after purchasing an additional 327,019 shares in the last quarter. Northern Trust Corp grew its stake in shares of AMC Entertainment by 12.6% in the 4th quarter. Northern Trust Corp now owns 3,318,281 shares of the company’s stock valued at $13,207,000 after purchasing an additional 370,408 shares during the period. Finally, Marshall Wace LLP raised its holdings in shares of AMC Entertainment by 85.4% in the 4th quarter. Marshall Wace LLP now owns 2,801,788 shares of the company’s stock worth $11,151,000 after buying an additional 1,290,376 shares in the last quarter. Institutional investors and hedge funds own 28.80% of the company’s stock.

Wall Street Analyst Weigh In

AMC has been the topic of a number of analyst reports. Roth Capital set a $3.25 price target on AMC Entertainment in a research report on Tuesday, February 4th. Benchmark reiterated a “hold” rating on shares of AMC Entertainment in a research report on Monday, March 3rd. Roth Mkm reduced their price target on shares of AMC Entertainment from $3.25 to $3.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 16th. Macquarie reaffirmed a “neutral” rating and set a $4.00 price objective on shares of AMC Entertainment in a report on Wednesday, February 26th. Finally, StockNews.com raised AMC Entertainment to a “sell” rating in a report on Saturday, February 22nd. Three research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $4.65.

AMC Entertainment Price Performance

Shares of AMC Entertainment stock opened at $2.69 on Wednesday. The firm has a 50 day simple moving average of $2.87 and a 200 day simple moving average of $3.61. AMC Entertainment Holdings, Inc. has a fifty-two week low of $2.45 and a fifty-two week high of $11.88. The firm has a market cap of $1.16 billion, a P/E ratio of -1.67 and a beta of 1.41.

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.