State of Wyoming Acquires 234,874 Shares of AMC Entertainment Holdings, Inc. $AMC

State of Wyoming boosted its holdings in shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) by 892.0% in the 3rd quarter, Holdings Channel reports. The fund owned 261,206 shares of the company’s stock after acquiring an additional 234,874 shares during the quarter. State of Wyoming’s holdings in AMC Entertainment were worth $784,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Sterling Capital Management LLC raised its holdings in AMC Entertainment by 41.7% in the 3rd quarter. Sterling Capital Management LLC now owns 17,797 shares of the company’s stock valued at $53,000 after acquiring an additional 5,241 shares during the last quarter. Integrated Wealth Concepts LLC boosted its holdings in shares of AMC Entertainment by 64.9% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 25,407 shares of the company’s stock worth $48,000 after purchasing an additional 10,003 shares during the last quarter. Yousif Capital Management LLC acquired a new position in shares of AMC Entertainment during the 3rd quarter worth approximately $32,000. Miller Financial Services LLC acquired a new position in shares of AMC Entertainment during the 3rd quarter worth approximately $33,000. Finally, Tidal Investments LLC grew its position in shares of AMC Entertainment by 25.6% in the second quarter. Tidal Investments LLC now owns 63,953 shares of the company’s stock valued at $122,000 after purchasing an additional 13,028 shares in the last quarter. Hedge funds and other institutional investors own 28.80% of the company’s stock.

AMC Entertainment Stock Down 0.6%

AMC opened at $3.06 on Friday. AMC Entertainment Holdings, Inc. has a 52 week low of $0.93 and a 52 week high of $3.40. The business has a fifty day simple moving average of $2.81 and a 200-day simple moving average of $1.98. The firm has a market cap of $2.73 billion, a P/E ratio of -2.86 and a beta of 1.97.

Analyst Upgrades and Downgrades

AMC has been the subject of several recent research reports. 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. B. Riley Financial reissued a “neutral” rating on shares of AMC Entertainment in a research note on Monday, October 19th. Texas Capital upgraded AMC Entertainment from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 15th. Benchmark restated a “buy” rating and issued a $3.00 target price (up from $2.50) on shares of AMC Entertainment in a report on Tuesday, July 21st. Finally, Zacks Research upgraded AMC Entertainment from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 13th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $2.67.

AMC Entertainment Profile

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.