California State Teachers Retirement System Acquires 63,896 Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC)

California State Teachers Retirement System raised its stake in shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) by 22.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 346,641 shares of the company’s stock after purchasing an additional 63,896 shares during the quarter. California State Teachers Retirement System owned 0.08% of AMC Entertainment worth $1,380,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Sterling Capital Management LLC lifted its holdings in shares of AMC Entertainment by 831.5% during the 4th quarter. Sterling Capital Management LLC now owns 10,843 shares of the company’s stock worth $43,000 after acquiring an additional 9,679 shares during the last quarter. Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of AMC Entertainment by 68.3% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 15,947 shares of the company’s stock worth $63,000 after acquiring an additional 6,473 shares during the last quarter. Cresset Asset Management LLC bought a new stake in shares of AMC Entertainment during the 4th quarter worth $88,000. Raymond James Financial Inc. bought a new stake in AMC Entertainment during the fourth quarter worth about $96,000. Finally, Meridian Wealth Management LLC lifted its stake in AMC Entertainment by 61.4% during the fourth quarter. Meridian Wealth Management LLC now owns 25,254 shares of the company’s stock worth $101,000 after purchasing an additional 9,605 shares during the last quarter. 28.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on AMC shares. B. Riley started coverage on shares of AMC Entertainment in a report on Friday, May 16th. They issued a “neutral” rating and a $3.00 price objective for the company. Wall Street Zen raised AMC Entertainment to a “sell” rating in a research note on Saturday, February 22nd. Citigroup reiterated a “sell” rating and issued a $2.60 price objective (up previously from $2.30) on shares of AMC Entertainment in a research report on Thursday, May 29th. Benchmark reiterated a “hold” rating on shares of AMC Entertainment in a research report on Monday, March 3rd. Finally, Roth Mkm lowered their price objective on AMC Entertainment from $3.25 to $3.00 and set a “neutral” rating for the company in a research report on Wednesday, April 16th. Three investment analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $4.26.

AMC Entertainment Price Performance

NYSE AMC opened at $3.40 on Monday. AMC Entertainment Holdings, Inc. has a twelve month low of $2.45 and a twelve month high of $5.76. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of -2.11 and a beta of 1.50. The business has a 50-day moving average price of $2.93 and a 200-day moving average price of $3.40.

AMC Entertainment (NYSE:AMC) last announced its quarterly earnings results on Wednesday, May 7th. The company reported ($0.58) EPS for the quarter, beating analysts’ consensus estimates of ($0.61) by $0.03. The firm had revenue of $862.50 million for the quarter, compared to the consensus estimate of $983.23 million. During the same period in the previous year, the company posted ($0.62) earnings per share. AMC Entertainment’s quarterly revenue was down 9.3% on a year-over-year basis. Research analysts expect that AMC Entertainment Holdings, Inc. will post -1.38 EPS for the current fiscal year.

About AMC Entertainment

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.