Wolverine Asset Management LLC Has $88,000 Stake in AMC Entertainment Holdings, Inc. (NYSE:AMC)

Wolverine Asset Management LLC trimmed its position in shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) by 50.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,113 shares of the company’s stock after selling 22,953 shares during the period. Wolverine Asset Management LLC’s holdings in AMC Entertainment were worth $88,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of AMC. Charles Schwab Investment Management Inc. grew its stake in AMC Entertainment by 153.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,705,500 shares of the company’s stock worth $16,860,000 after buying an additional 2,243,052 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of AMC Entertainment by 431.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,182,049 shares of the company’s stock valued at $5,378,000 after purchasing an additional 959,642 shares in the last quarter. State Street Corp boosted its stake in shares of AMC Entertainment by 14.6% in the 3rd quarter. State Street Corp now owns 7,353,442 shares of the company’s stock valued at $33,458,000 after purchasing an additional 936,618 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of AMC Entertainment by 12.1% in the 3rd quarter. Geode Capital Management LLC now owns 8,047,182 shares of the company’s stock valued at $36,622,000 after purchasing an additional 866,757 shares in the last quarter. Finally, KBC Group NV boosted its stake in shares of AMC Entertainment by 7,771.5% in the 4th quarter. KBC Group NV now owns 648,141 shares of the company’s stock valued at $2,580,000 after purchasing an additional 639,907 shares in the last quarter. 28.80% of the stock is currently owned by institutional investors and hedge funds.

AMC Entertainment Price Performance

NYSE:AMC opened at $3.36 on Tuesday. AMC Entertainment Holdings, Inc. has a one year low of $2.38 and a one year high of $11.88. The firm’s 50 day simple moving average is $3.62 and its 200 day simple moving average is $4.27. The company has a market cap of $1.26 billion, a PE ratio of -2.08 and a beta of 1.88.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on AMC shares. Roth Capital set a $3.25 price target on shares of AMC Entertainment in a research note on Tuesday, February 4th. Benchmark restated a “hold” rating on shares of AMC Entertainment in a research note on Thursday, November 7th. B. Riley reduced their price target on shares of AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. Macquarie reiterated an “underperform” rating and set a $4.00 target price on shares of AMC Entertainment in a research report on Wednesday, November 13th. Finally, Roth Mkm upgraded shares of AMC Entertainment from a “sell” rating to a “neutral” rating and cut their target price for the stock from $4.00 to $3.25 in a research report on Tuesday, February 4th. Four analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus 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.