5 Best Stocks Under $30 According to DE Shaw

2. AMC Entertainment Holdings, Inc. (NYSE:AMC)

D.E. Shaw’s Stake Value: $286 million

Percentage of D.E. Shaw’s 13F Portfolio: 0.26%

Number of Hedge Fund Holders:16

Stock Price as of May 25, 2022: $10.57

AMC Entertainment Holdings, Inc. (NYSE:AMC) is a theater chain operating in the United States. It is headquartered in Leawood, Kansas, and was founded in 1920, making it a quintessential American brand. The firm owns close to a thousand theaters in the U.S. and Europe.

AMC Entertainment Holdings, Inc. (NYSE:AMC)’s fiscal first quarter earnings report revealed that it had brought in $785 million in revenue and -$0.52 in non-GAAP EPS, a big win for the company as it beat analyst estimates for both. The company’s shares rose by as much as 15% in early March 2022.

D.E. Shaw held a $286 million stake in AMC Entertainment Holdings, Inc. (NYSE:AMC) during Q1 2022. This came through the firm owning 11.6 million shares of a company that has seen serious volatility in its shares due to the battle between institutional and retail investors. D.E. Shaw was also AMC Entertainment Holdings, Inc. (NYSE:AMC)’s largest investor during this time according to data of hedge funds tracked by Insider Monkey. During the same time period, 16 of the 912 hedge fund holdings scanned by Insider Monkey contained the company’s shares.

Jim Simons’s Renaissance Technologies is AMC Entertainment Holdings, Inc. (NYSE:AMC)’s largest investor through a $45 million stake that comes through 1.8 million shares.