Traphagen Investment Advisors LLC Increases Stock Holdings in AMC Entertainment Holdings, Inc. $AMC

Traphagen Investment Advisors LLC lifted its stake in AMC Entertainment Holdings, Inc. (NYSE:AMC) by 26.3% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 30,008 shares of the company’s stock after purchasing an additional 6,252 shares during the quarter. Traphagen Investment Advisors LLC’s holdings in AMC Entertainment were worth $93,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of AMC. Rhumbline Advisers boosted its holdings in shares of AMC Entertainment by 5.5% in the 1st quarter. Rhumbline Advisers now owns 539,188 shares of the company’s stock worth $1,547,000 after purchasing an additional 28,017 shares during the period. Sowell Financial Services LLC purchased a new position in AMC Entertainment during the 1st quarter valued at $36,000. Red Door Wealth Management LLC boosted its holdings in AMC Entertainment by 81.3% during the 1st quarter. Red Door Wealth Management LLC now owns 29,000 shares of the company’s stock valued at $83,000 after acquiring an additional 13,000 shares during the period. Principal Financial Group Inc. boosted its holdings in AMC Entertainment by 39.0% during the 1st quarter. Principal Financial Group Inc. now owns 26,787 shares of the company’s stock valued at $77,000 after acquiring an additional 7,519 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in AMC Entertainment by 12.9% during the 1st quarter. Bank of New York Mellon Corp now owns 1,069,693 shares of the company’s stock valued at $3,070,000 after acquiring an additional 121,905 shares during the period. Hedge funds and other institutional investors own 28.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on AMC shares. Weiss Ratings restated a “sell (e+)” rating on shares of AMC Entertainment in a report on Saturday, September 27th. Wall Street Zen upgraded AMC Entertainment from a “strong sell” rating to a “hold” rating in a report on Saturday, August 16th. Wedbush upgraded AMC Entertainment from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $3.00 to $4.00 in a report on Friday, July 11th. Finally, Citigroup boosted their price objective on AMC Entertainment from $2.60 to $2.70 and gave the company a “sell” rating in a report on Tuesday, August 19th. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, AMC Entertainment currently has a consensus rating of “Reduce” and an average price target of $3.33.

AMC Entertainment Stock Down 1.9%

Shares of NYSE AMC opened at $2.85 on Wednesday. The firm has a market cap of $1.46 billion, a PE ratio of -3.20 and a beta of 1.25. AMC Entertainment Holdings, Inc. has a twelve month low of $2.45 and a twelve month high of $5.56. The business has a fifty day simple moving average of $2.89 and a two-hundred day simple moving average of $2.97.

About AMC Entertainment

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.