Mon Dec 30 12:40:00 UTC 2024: **AMC Entertainment Sees Increased Institutional Investment Despite Negative Analyst Sentiment**

**Leawood, KS (MarketBeat)** – AMC Entertainment Holdings, Inc. (NYSE: AMC) saw a surge in institutional investment during the third quarter, with Geode Capital Management LLC increasing its stake by 12.1% to 8,047,182 shares, worth approximately $36.6 million. This follows a trend of increased holdings by other institutional investors in the second quarter, including Bank of New York Mellon Corp (up 92.5%), Zurcher Kantonalbank Zurich Cantonalbank (up 14.6%), Principal Financial Group Inc. (up 35.8%), Commonwealth Equity Services LLC (up 243.4%), and Waldron Private Wealth LLC (up 47%). Institutional ownership of AMC now stands at 28.8%.

However, this positive investment activity contrasts with a generally negative outlook from analysts. StockNews.com issued a “sell” rating, while B. Riley downgraded its target price to $6.00 with a “neutral” rating. Macquarie maintained an “underperform” rating with a $4.00 price target, and Benchmark reiterated a “hold” rating. MarketBeat aggregates analyst ratings to a consensus “Reduce” rating with an average target price of $5.44.

Despite the mixed signals, AMC reported better-than-expected earnings per share ($0.04) for the third quarter, exceeding analyst estimates of ($0.07). Revenue reached $1.35 billion, slightly below the previous year but still surpassing analyst predictions of $1.33 billion.

AMC’s stock traded at $4.06 on Wednesday, down $0.06, on a volume of 5,860,494 shares. The company’s market cap is $1.53 billion. The stock has a 52-week low of $2.38 and a 52-week high of $11.88.

**Disclaimer:** *This news article is based on publicly available information and should not be considered investment advice.*

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