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

California Public Employees Retirement System grew its holdings in AMC Entertainment Holdings, Inc. (NYSE:AMC) by 202.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 263,623 shares of the company’s stock after acquiring an additional 176,337 shares during the period. California Public Employees Retirement System’s holdings in AMC Entertainment were worth $1,613,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Handelsbanken Fonder AB purchased a new position in AMC Entertainment during the fourth quarter valued at $131,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of AMC Entertainment by 116.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 40,326 shares of the company’s stock valued at $247,000 after buying an additional 21,734 shares in the last quarter. HBK Sorce Advisory LLC grew its stake in shares of AMC Entertainment by 31.2% during the 4th quarter. HBK Sorce Advisory LLC now owns 27,459 shares of the company’s stock valued at $168,000 after acquiring an additional 6,525 shares during the period. Arizona State Retirement System grew its stake in shares of AMC Entertainment by 38.5% during the 4th quarter. Arizona State Retirement System now owns 55,449 shares of the company’s stock valued at $339,000 after acquiring an additional 15,406 shares during the period. Finally, Oak Thistle LLC purchased a new stake in AMC Entertainment in the 4th quarter worth approximately $459,000. Hedge funds and other institutional investors own 28.80% of the company’s stock.

AMC Entertainment Price Performance

Shares of NYSE AMC opened at $3.30 on Monday. The stock has a market capitalization of $868.82 million, a P/E ratio of -1.40 and a beta of 1.69. AMC Entertainment Holdings, Inc. has a 1-year low of $2.38 and a 1-year high of $62.30. The business’s 50 day moving average is $3.68 and its two-hundred day moving average is $5.43.

AMC Entertainment (NYSE:AMC) last issued its quarterly earnings results on Wednesday, February 28th. The company reported ($0.54) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 anticipate that AMC Entertainment Holdings, Inc. will post -0.87 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AMC has been the topic of several research analyst reports. Wedbush reissued a “neutral” rating and issued a $4.00 target price on shares of AMC Entertainment in a report on Monday, April 29th. B. Riley lowered 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. Four investment analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and an average 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.