Public Employees Retirement System of Ohio Trims Stock Holdings in AMC Entertainment Holdings, Inc. (NYSE:AMC)

Public Employees Retirement System of Ohio decreased its stake in AMC Entertainment Holdings, Inc. (NYSE:AMCFree Report) by 89.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,307 shares of the company’s stock after selling 213,216 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in AMC Entertainment were worth $194,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Covestor Ltd grew its position in shares of AMC Entertainment by 417.6% during the first quarter. Covestor Ltd now owns 1,061 shares of the company’s stock worth $26,000 after purchasing an additional 856 shares in the last quarter. FNY Investment Advisers LLC grew its position in shares of AMC Entertainment by 1,160.9% during the third quarter. FNY Investment Advisers LLC now owns 5,400 shares of the company’s stock worth $43,000 after purchasing an additional 5,909 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of AMC Entertainment by 44.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 11,240 shares of the company’s stock worth $46,000 after purchasing an additional 3,448 shares in the last quarter. Cetera Investment Advisers purchased a new stake in shares of AMC Entertainment during the second quarter worth about $50,000. Finally, Peapack Gladstone Financial Corp purchased a new stake in shares of AMC Entertainment during the first quarter worth about $54,000. Hedge funds and other institutional investors own 28.80% of the company’s stock.

AMC Entertainment Trading Down 14.2 %

Shares of AMC Entertainment stock opened at $3.73 on Friday. The stock has a 50 day moving average of $4.34 and a 200 day moving average of $6.46. AMC Entertainment Holdings, Inc. has a 12 month low of $3.59 and a 12 month high of $62.30. The firm has a market cap of $980.72 million, a PE ratio of -1.59 and a beta of 1.64.

AMC Entertainment (NYSE:AMCGet Free Report) last posted its quarterly earnings data on Wednesday, February 28th. The company reported ($0.54) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.70) by $0.16. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.06 billion. As a group, equities research analysts forecast that AMC Entertainment Holdings, Inc. will post -1.7 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on the company. B. Riley cut their target price on AMC Entertainment from $12.00 to $8.00 and set a “neutral” rating for the company in a research report on Thursday, February 29th. Wedbush reiterated a “neutral” rating and set a $6.00 target price on shares of AMC Entertainment in a research report on Friday, February 23rd. Four investment analysts have rated the stock with a sell rating and two have given a hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $6.35.

Check Out Our Latest Research Report on AMC Entertainment

AMC Entertainment Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding AMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AMC Entertainment Holdings, Inc. (NYSE:AMCFree Report).

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

Receive News & Ratings for AMC Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMC Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.