Meridian Wealth Management LLC Increases Position in AMC Entertainment Holdings, Inc. (NYSE:AMC)

Meridian Wealth Management LLC boosted its holdings in AMC Entertainment Holdings, Inc. (NYSE:AMC) by 61.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 25,254 shares of the company’s stock after purchasing an additional 9,605 shares during the quarter. Meridian Wealth Management LLC’s holdings in AMC Entertainment were worth $101,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. KBC Group NV purchased a new stake in AMC Entertainment in the third quarter worth about $37,000. Creative Planning purchased a new stake in AMC Entertainment in the third quarter worth about $48,000. Amalgamated Bank grew its holdings in shares of AMC Entertainment by 31.5% during the third quarter. Amalgamated Bank now owns 11,568 shares of the company’s stock valued at $53,000 after buying an additional 2,771 shares during the last quarter. Traphagen Investment Advisors LLC purchased a new stake in shares of AMC Entertainment during the fourth quarter valued at approximately $64,000. Finally, Private Advisor Group LLC grew its holdings in shares of AMC Entertainment by 27.5% during the third quarter. Private Advisor Group LLC now owns 15,011 shares of the company’s stock valued at $68,000 after buying an additional 3,237 shares during the last quarter. Hedge funds and other institutional investors own 28.80% of the company’s stock.

AMC Entertainment Trading Down 1.1 %

Shares of AMC stock opened at $3.02 on Friday. AMC Entertainment Holdings, Inc. has a 12-month low of $2.38 and a 12-month high of $11.88. The firm’s 50 day moving average is $3.47 and its 200 day moving average is $4.17. The stock has a market capitalization of $1.13 billion, a P/E ratio of -1.87 and a beta of 1.88.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on AMC shares. B. Riley cut their price target on shares of AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Roth Mkm upgraded shares of AMC Entertainment from a “sell” rating to a “neutral” rating and cut their price target for the company from $4.00 to $3.25 in a report on Tuesday, February 4th. Roth Capital set a $3.25 price target on shares of AMC Entertainment in a report on Tuesday, February 4th. Macquarie reiterated a “neutral” rating and set a $4.00 price target on shares of AMC Entertainment in a report on Wednesday, February 26th. Finally, StockNews.com upgraded shares of AMC Entertainment to a “sell” rating in a report on Saturday, February 22nd. Three analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $4.81.

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.