Renaissance Technologies LLC Lowers Stock Position in AMC Entertainment Holdings, Inc. (NYSE:AMC)

Renaissance Technologies LLC trimmed its holdings in AMC Entertainment Holdings, Inc. (NYSE:AMC - Free Report) by 14.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,931,419 shares of the company's stock after selling 856,500 shares during the quarter. Renaissance Technologies LLC owned about 1.31% of AMC Entertainment worth $19,627,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Skandinaviska Enskilda Banken AB publ lifted its position in AMC Entertainment by 68.3% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 15,947 shares of the company's stock valued at $63,000 after acquiring an additional 6,473 shares during the last quarter. Meridian Wealth Management LLC boosted its position in shares of AMC Entertainment by 61.4% in the 4th quarter. Meridian Wealth Management LLC now owns 25,254 shares of the company's stock valued at $101,000 after purchasing an additional 9,605 shares during the period. Invesco Ltd. increased its position in AMC Entertainment by 1.3% during the fourth quarter. Invesco Ltd. now owns 777,765 shares of the company's stock worth $3,096,000 after buying an additional 10,337 shares during the period. New York State Common Retirement Fund boosted its stake in AMC Entertainment by 15.1% during the 4th quarter. New York State Common Retirement Fund now owns 92,418 shares of the company's stock worth $368,000 after purchasing an additional 12,100 shares during the period. Finally, Amundi increased its position in AMC Entertainment by 106.8% in the 4th quarter. Amundi now owns 26,899 shares of the company's stock valued at $106,000 after acquiring an additional 13,890 shares during the period. Institutional investors and hedge funds own 28.80% of the company's stock.

AMC Entertainment Stock Down 0.4 %

Shares of AMC traded down $0.01 on Friday, hitting $2.79. 5,674,221 shares of the stock traded hands, compared to its average volume of 23,321,358. The stock's 50 day moving average is $3.06 and its two-hundred day moving average is $3.76. The firm has a market capitalization of $1.20 billion, a P/E ratio of -1.73 and a beta of 1.64. AMC Entertainment Holdings, Inc. has a 1 year low of $2.45 and a 1 year high of $11.88.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Roth Capital set a $3.25 target price on shares of AMC Entertainment in a report on Tuesday, February 4th. Macquarie reissued a "neutral" rating and set a $4.00 target price on shares of AMC Entertainment in a research note on Wednesday, February 26th. StockNews.com upgraded AMC Entertainment to a "sell" rating in a research note on Saturday, February 22nd. Roth Mkm reduced their target price on AMC Entertainment from $3.25 to $3.00 and set a "neutral" rating for the company in a report on Wednesday. Finally, Citigroup lowered their price target on shares of AMC Entertainment from $2.90 to $2.80 and set a "sell" rating on the stock in a research note on Friday, March 7th. Three research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $4.72.

AMC Entertainment Company 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.