Hedge Funds are Confident about These Entertainment Stocks and You Should Be Too

3. AMC Entertainment Holdings Inc. (NYSE:AMC)

Investors with Long Positions (as of June 30): 22

Aggregate Value of Investors’ Holdings (as of June 30): $88.10 Million

It appears that the hedge fund sentiment towards AMC Entertainment Holdings Inc. (NYSE:AMC) did not change at all during the latest quarter, while the value of hedge funds’ money poured into the stock decreased by less than $1 million. The top money managers invested in the stock amassed 2.90% of AMC’s outstanding shares as of June 30. The shares of AMC have suffered two serious pullbacks so far this year, being nearly 3% in the red year-to-date. The theatrical exhibition company delivered a strong financial performance during the second quarter, reporting record revenues of $821.1 million, compared to $726.6 million reported a year ago. Ken Griffin‘s Citadel Investment Group held 619,000 shares in AMC Entertainment Holdings Inc. (NYSE:AMC) at the end of June.