Roosevelt Investment Group Inc. Purchases Shares of 13,308 AMC Entertainment Holdings Inc (AMC)

Roosevelt Investment Group Inc. purchased a new stake in AMC Entertainment Holdings Inc (NYSE:AMC) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 13,308 shares of the company’s stock, valued at approximately $163,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Oppenheimer Asset Management Inc. bought a new stake in shares of AMC Entertainment in the 4th quarter valued at approximately $75,000. Hollencrest Capital Management bought a new position in AMC Entertainment during the 3rd quarter worth $208,000. Summit Securities Group LLC bought a new position in AMC Entertainment during the 3rd quarter worth $211,000. Castle Creek Arbitrage LLC grew its stake in AMC Entertainment by 20.9% during the 4th quarter. Castle Creek Arbitrage LLC now owns 17,320 shares of the company’s stock worth $213,000 after buying an additional 3,000 shares during the last quarter. Finally, FNY Investment Advisers LLC bought a new position in AMC Entertainment during the 3rd quarter worth $218,000. Institutional investors and hedge funds own 37.86% of the company’s stock.

Shares of AMC Entertainment stock opened at $13.26 on Wednesday. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 4.27. The firm has a market capitalization of $1.65 billion, a PE ratio of -14.90, a PEG ratio of 4.27 and a beta of 0.98. AMC Entertainment Holdings Inc has a fifty-two week low of $11.66 and a fifty-two week high of $21.45.

A number of brokerages recently commented on AMC. MKM Partners lowered their price objective on AMC Entertainment to $15.00 and set a “neutral” rating for the company in a research note on Tuesday. Barrington Research restated a “buy” rating on shares of AMC Entertainment in a research note on Friday, October 19th. Bank of America downgraded AMC Entertainment from a “neutral” rating to an “underperform” rating in a research note on Friday, January 25th. Wedbush upgraded AMC Entertainment to a “buy” rating and set a $25.00 price objective for the company in a research note on Wednesday, October 31st. Finally, Loop Capital started coverage on AMC Entertainment in a research report on Thursday, January 31st. They set a “hold” rating and a $15.00 price target for the company. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. AMC Entertainment presently has an average rating of “Hold” and a consensus target price of $19.22.

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AMC Entertainment Profile

AMC Entertainment Holdings, Inc, through its subsidiaries, operates in the theatrical exhibition business. The company owns, operates, or has interests in theatres. As of December 31, 2017, it owned, operated, or had interests in 649 theatres with a total of 8,224 screens in the United States; and 365 theatres and 2,945 screens internationally.

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Institutional Ownership by Quarter for AMC Entertainment (NYSE:AMC)

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