California Public Employees Retirement System Purchases 176,337 Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC)

California Public Employees Retirement System boosted its position in AMC Entertainment Holdings, Inc. (NYSE:AMC) by 202.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 263,623 shares of the company’s stock after buying an additional 176,337 shares during the quarter. California Public Employees Retirement System owned approximately 0.13% of AMC Entertainment worth $1,613,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in AMC. Adage Capital Partners GP L.L.C. raised its stake in AMC Entertainment by 103.7% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 42,150 shares of the company’s stock valued at $337,000 after acquiring an additional 1,178,950 shares during the period. Qube Research & Technologies Ltd lifted its stake in shares of AMC Entertainment by 935.5% during the 3rd quarter. Qube Research & Technologies Ltd now owns 814,308 shares of the company’s stock valued at $6,506,000 after buying an additional 735,666 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in AMC Entertainment in the 3rd quarter worth approximately $5,582,000. Wolverine Asset Management LLC boosted its holdings in AMC Entertainment by 125.7% in the 3rd quarter. Wolverine Asset Management LLC now owns 38,511 shares of the company’s stock worth $308,000 after buying an additional 188,511 shares during the period. Finally, Quadrature Capital Ltd purchased a new position in AMC Entertainment in the 3rd quarter valued at approximately $1,378,000. Hedge funds and other institutional investors own 28.80% of the company’s stock.

AMC Entertainment Stock Performance

Shares of AMC stock opened at $3.30 on Monday. The company has a market capitalization of $868.82 million, a PE ratio of -1.40 and a beta of 1.69. AMC Entertainment Holdings, Inc. has a 52-week low of $2.38 and a 52-week high of $62.30. The business’s fifty day moving average is $3.68 and its 200 day moving average is $5.43.

AMC Entertainment (NYSE:AMC) last released its quarterly earnings results on Wednesday, February 28th. The company reported ($0.54) earnings per share for the quarter, beating the consensus estimate of ($0.70) by $0.16. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.06 billion. On average, sell-side analysts forecast that AMC Entertainment Holdings, Inc. will post -0.87 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. B. Riley cut their price target on AMC Entertainment from $12.00 to $8.00 and set a “neutral” rating for the company in a report on Thursday, February 29th. Wedbush restated a “neutral” rating and issued a $4.00 target price on shares of AMC Entertainment in a research note on Monday, April 29th. Four equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $5.95.

AMC Entertainment 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.