Geode Capital Boosts its Stake in AMC Entertainment

According to a recent Form 13F filing submitted to the SEC, Geode Capital Management, LLC disclosed a noteworthy and bullish investment in AMC stock. Here’s what you need to know about meme stock AMC Entertainment Holdings, Inc., as well as Geode Capital Management and their long position in shares of AMC stock:

About Geode Capital Management, LLC

Boston, Massachusetts-based Geode Capital Management is a systematic asset manager providing core beta exposures across a range of equity and niche asset classes. Geode was founded in 2001 and set out to create structured and repeatable investment strategies with the objective of providing efficient exposures to institutional investors.

About AMC Entertainment Holdings, Inc. (AMC)

AMC Entertainment Holdings, Inc., through its subsidiaries, engages in the theatrical exhibition business operating movie theaters and more. The company owns, operates, or has interests in theaters in the United States and Europe. As of March 1, 2022, it operated approximately 950 theaters and 10,600 screens. The company was founded in 1920 and is headquartered in Leawood, Kansas.

Geode Capital Management Buys Stock in AMC

According to the most recent 13F filed by Geode Capital Management, the firm added 108,658 shares of AMC stock to it holdings in the recent quarter. That brings their total long position in AMC Entertainment Holdings, Inc. to 6,842,719 shares, representing approximately 1.3330% of the 513,329,979 AMC shares outstanding. Based on the most recent closing price of $7.20 per share of AMC, the entire Geode Capital Management position in AMC Entertainment Holdings, Inc. is worth roughly $49,267,576.80.

Summary

Be sure to check out more recent 13F filings here to stay up to date on the latest disclosures from institutional investment managers like Geode Capital Management, LLC. Also be sure to check out more recent 13F filing analysis news here.