Oppenheimer & Co. Inc. decreased its position in shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) by 2.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 271,500 shares of the company’s stock after selling 7,600 shares during the period. Oppenheimer & Co. Inc. owned about 0.21% of AMC Entertainment Holdings worth $6,177,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Nine Chapters Capital Management LLC bought a new stake in shares of AMC Entertainment Holdings during the first quarter worth about $572,000. Virginia Retirement Systems ET AL bought a new stake in shares of AMC Entertainment Holdings during the first quarter worth about $330,000. Parametric Portfolio Associates LLC raised its stake in shares of AMC Entertainment Holdings by 29.5% in the first quarter. Parametric Portfolio Associates LLC now owns 98,304 shares of the company’s stock worth $3,092,000 after buying an additional 22,400 shares in the last quarter. Sei Investments Co. raised its stake in shares of AMC Entertainment Holdings by 167,811.9% in the first quarter. Sei Investments Co. now owns 70,523 shares of the company’s stock worth $2,218,000 after buying an additional 70,481 shares in the last quarter. Finally, Three Peaks Capital Management LLC raised its stake in shares of AMC Entertainment Holdings by 27.4% in the first quarter. Three Peaks Capital Management LLC now owns 442,833 shares of the company’s stock worth $13,927,000 after buying an additional 95,266 shares in the last quarter. 46.94% of the stock is owned by hedge funds and other institutional investors.

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) opened at 14.15 on Friday. The company has a 50-day moving average of $16.32 and a 200-day moving average of $24.75. AMC Entertainment Holdings, Inc. has a 1-year low of $12.05 and a 1-year high of $35.65. The stock’s market capitalization is $1.85 billion.

AMC Entertainment Holdings (NYSE:AMC) last released its earnings results on Friday, August 4th. The company reported ($1.35) earnings per share for the quarter, missing the consensus estimate of $0.06 by $1.41. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.22 billion. AMC Entertainment Holdings had a negative net margin of 2.49% and a negative return on equity of 3.44%. The business’s revenue was up 57.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.24 earnings per share. On average, equities research analysts expect that AMC Entertainment Holdings, Inc. will post ($1.02) EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 27th. Stockholders of record on Monday, September 11th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 5.65%. The ex-dividend date of this dividend is Friday, September 8th. AMC Entertainment Holdings’s payout ratio is presently -125.00%.

AMC Entertainment Holdings declared that its Board of Directors has initiated a stock repurchase plan on Thursday, August 3rd that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to buy up to 58% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

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A number of brokerages have recently issued reports on AMC. FBR & Co lowered their target price on shares of AMC Entertainment Holdings from $37.00 to $36.00 and set an “outperform” rating for the company in a research note on Tuesday, May 9th. B. Riley raised shares of AMC Entertainment Holdings to a “buy” rating and set a $49.50 target price for the company in a research note on Tuesday, May 9th. TheStreet lowered shares of AMC Entertainment Holdings from a “b-” rating to a “c+” rating in a research note on Friday, May 19th. Zacks Investment Research lowered shares of AMC Entertainment Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, June 7th. Finally, Citigroup Inc. lowered their target price on shares of AMC Entertainment Holdings from $36.00 to $35.00 and set a “buy” rating for the company in a research note on Friday, June 9th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $29.36.

In related news, SVP Kevin M. Connor acquired 4,000 shares of the firm’s stock in a transaction dated Thursday, June 8th. The stock was acquired at an average price of $23.52 per share, for a total transaction of $94,080.00. Following the purchase, the senior vice president now owns 40,705 shares of the company’s stock, valued at approximately $957,381.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jack Qunyao Gao acquired 7,000 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The stock was bought at an average price of $13.47 per share, with a total value of $94,290.00. Following the purchase, the director now directly owns 10,500 shares in the company, valued at approximately $141,435. The disclosure for this purchase can be found here. Insiders bought a total of 31,000 shares of company stock valued at $438,370 in the last quarter. Company insiders own 0.80% of the company’s stock.

AMC Entertainment Holdings Company Profile

AMC Entertainment Holdings, Inc is a holding company. The Company, through its subsidiaries, including AMC Entertainment Inc (AMCE), American Multi-Cinema, Inc (OpCo) and its subsidiaries, is engaged in the theatrical exhibition business. It operates through theatrical exhibition operations segment. It licenses first-run motion pictures from distributors owned by film production companies and from independent distributors.

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Institutional Ownership by Quarter for AMC Entertainment Holdings (NYSE:AMC)

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