Renaissance Technologies LLC boosted its holdings in shares of AMC Entertainment Holdings Inc (NYSE:AMC) by 39.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,493,168 shares of the company’s stock after acquiring an additional 985,100 shares during the quarter. Renaissance Technologies LLC owned 3.36% of AMC Entertainment worth $32,591,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Dimensional Fund Advisors LP boosted its position in AMC Entertainment by 4.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,959,453 shares of the company’s stock worth $24,062,000 after acquiring an additional 74,905 shares during the period. Skandinaviska Enskilda Banken AB publ boosted its position in AMC Entertainment by 15.6% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 1,111,383 shares of the company’s stock worth $10,369,000 after acquiring an additional 150,000 shares during the period. JPMorgan Chase & Co. boosted its position in AMC Entertainment by 648.9% during the 1st quarter. JPMorgan Chase & Co. now owns 864,774 shares of the company’s stock worth $12,842,000 after acquiring an additional 749,305 shares during the period. Penn Capital Management Co. Inc. boosted its position in AMC Entertainment by 7.1% during the 1st quarter. Penn Capital Management Co. Inc. now owns 744,399 shares of the company’s stock worth $11,054,000 after acquiring an additional 49,323 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in AMC Entertainment by 7.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 691,735 shares of the company’s stock worth $6,453,000 after acquiring an additional 48,148 shares during the period. Hedge funds and other institutional investors own 48.80% of the company’s stock.

Shares of AMC Entertainment stock traded up $0.17 during trading on Friday, hitting $11.87. 650,951 shares of the stock traded hands, compared to its average volume of 1,937,167. The stock has a market cap of $1.21 billion, a P/E ratio of 91.27 and a beta of 0.86. The company has a debt-to-equity ratio of 7.30, a quick ratio of 0.34 and a current ratio of 0.34. AMC Entertainment Holdings Inc has a twelve month low of $8.73 and a twelve month high of $21.45. The company has a fifty day moving average price of $11.38 and a two-hundred day moving average price of $12.66.

AMC Entertainment (NYSE:AMC) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.17 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.17. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.46 billion. AMC Entertainment had a negative return on equity of 10.94% and a negative net margin of 0.20%. The firm’s revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.17 EPS. On average, equities research analysts expect that AMC Entertainment Holdings Inc will post -0.85 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 23rd. Investors of record on Monday, September 9th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 6.74%. The ex-dividend date of this dividend is Friday, September 6th. AMC Entertainment’s payout ratio is 615.38%.

A number of equities research analysts have commented on AMC shares. ValuEngine lowered AMC Entertainment from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 6th. Loop Capital restated a “hold” rating on shares of AMC Entertainment in a research report on Wednesday, July 3rd. B. Riley restated a “buy” rating and set a $22.00 price objective (up from $19.00) on shares of AMC Entertainment in a research report on Friday, August 9th. Barrington Research reiterated a “buy” rating and set a $16.00 price target on shares of AMC Entertainment in a report on Thursday, August 8th. Finally, Credit Suisse Group assumed coverage on AMC Entertainment in a report on Friday, July 19th. They set an “outperform” rating and a $18.00 price target for the company. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. AMC Entertainment has a consensus rating of “Buy” and an average target price of $16.00.

About AMC Entertainment

AMC Entertainment Holdings, Inc, through its subsidiaries, involved in the theatrical exhibition business. The company owns, operates, or has interests in theatres. As of December 31, 2018, it owned, operated, or had interests in 637 theatres with a total of 8,114 screens in the United States; and 369 theatres and 2,977 screens in European markets.

Featured Story: Is it Safe to Invest in Commodities?

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:AMC).

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.