FNY Investment Advisers LLC purchased a new stake in shares of AMC Entertainment Holdings Inc (NYSE:AMC) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 10,652 shares of the company’s stock, valued at approximately $218,000.
A number of other institutional investors also recently modified their holdings of AMC. Bank of Montreal Can increased its stake in AMC Entertainment by 141.4% during the 2nd quarter. Bank of Montreal Can now owns 9,006 shares of the company’s stock valued at $143,000 after purchasing an additional 5,275 shares in the last quarter. Macquarie Group Ltd. acquired a new position in AMC Entertainment during the 2nd quarter valued at approximately $165,000. Chartwell Investment Partners LLC acquired a new position in AMC Entertainment during the 2nd quarter valued at approximately $166,000. First Dallas Securities Inc. acquired a new position in AMC Entertainment during the 2nd quarter valued at approximately $171,000. Finally, Hollencrest Capital Management acquired a new position in AMC Entertainment during the 3rd quarter valued at approximately $208,000. Institutional investors and hedge funds own 39.44% of the company’s stock.
Shares of NYSE:AMC traded up $0.65 during midday trading on Thursday, reaching $13.94. The company’s stock had a trading volume of 1,632,088 shares, compared to its average volume of 2,396,941. The firm has a market capitalization of $1.70 billion, a P/E ratio of -15.66 and a beta of 0.83. AMC Entertainment Holdings Inc has a twelve month low of $12.40 and a twelve month high of $21.45. The company has a debt-to-equity ratio of 4.27, a current ratio of 0.59 and a quick ratio of 0.59.
AMC Entertainment (NYSE:AMC) last released its quarterly earnings results on Thursday, November 8th. The company reported ($0.82) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.49) by ($0.33). The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.22 billion. AMC Entertainment had a negative net margin of 6.17% and a negative return on equity of 0.63%. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.33) EPS. Equities analysts anticipate that AMC Entertainment Holdings Inc will post -0.25 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 26th. Investors of record on Monday, December 10th will be given a dividend of $0.20 per share. The ex-dividend date is Friday, December 7th. This represents a $0.80 annualized dividend and a yield of 5.74%. AMC Entertainment’s dividend payout ratio is presently -89.89%.
AMC has been the topic of a number of recent analyst reports. William Blair restated a “hold” rating on shares of AMC Entertainment in a research note on Monday, September 17th. Wedbush upgraded shares of AMC Entertainment to a “buy” rating and set a $25.00 price target on the stock in a research note on Monday, October 15th. MKM Partners lowered shares of AMC Entertainment from a “buy” rating to a “neutral” rating and set a $21.00 price objective on the stock. in a research note on Friday, September 14th. They noted that the move was a valuation call. Barrington Research reiterated a “buy” rating on shares of AMC Entertainment in a research note on Friday, October 19th. Finally, ValuEngine upgraded shares of AMC Entertainment from a “hold” rating to a “buy” rating in a research note on Tuesday, October 2nd. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $21.81.
In related news, Director Wanda America Investment Holdi sold 75,826,927 shares of the firm’s stock in a transaction on Friday, September 7th. The shares were sold at an average price of $1.82, for a total transaction of $138,005,007.14. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP John D. Mcdonald sold 17,500 shares of the firm’s stock in a transaction on Monday, October 15th. The shares were sold at an average price of $18.70, for a total transaction of $327,250.00. Following the sale, the executive vice president now owns 39,462 shares in the company, valued at approximately $737,939.40. The disclosure for this sale can be found here. 0.80% of the stock is currently owned by company insiders.
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About AMC Entertainment
AMC Entertainment Holdings, Inc, through its subsidiaries, operates in the theatrical exhibition business. The company owns, operates, or has interests in theatres. As of December 31, 2017, it owned, operated, or had interests in 649 theatres with a total of 8,224 screens in the United States; and 365 theatres and 2,945 screens internationally.
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