Swiss National Bank Has $1,948,000 Holdings in AMC Entertainment Holdings, Inc. (AMC)
Swiss National Bank held its stake in shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 85,641 shares of the company’s stock at the end of the 2nd quarter. Swiss National Bank owned approximately 0.07% of AMC Entertainment Holdings worth $1,948,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in the stock. Virginia Retirement Systems ET AL lifted its position in shares of AMC Entertainment Holdings by 1.9% during the 2nd quarter. Virginia Retirement Systems ET AL now owns 10,700 shares of the company’s stock worth $243,000 after buying an additional 200 shares during the last quarter. Legal & General Group Plc lifted its position in shares of AMC Entertainment Holdings by 2.6% during the 2nd quarter. Legal & General Group Plc now owns 13,118 shares of the company’s stock worth $301,000 after buying an additional 337 shares during the last quarter. Pacer Advisors Inc. lifted its position in shares of AMC Entertainment Holdings by 12.0% during the 2nd quarter. Pacer Advisors Inc. now owns 5,600 shares of the company’s stock worth $127,000 after buying an additional 601 shares during the last quarter. Great West Life Assurance Co. Can lifted its position in shares of AMC Entertainment Holdings by 241.8% during the 1st quarter. Great West Life Assurance Co. Can now owns 5,558 shares of the company’s stock worth $174,000 after buying an additional 3,932 shares during the last quarter. Finally, Ameritas Investment Partners Inc. bought a new stake in shares of AMC Entertainment Holdings during the 1st quarter worth $141,000. Institutional investors and hedge funds own 46.99% of the company’s stock.
AMC Entertainment Holdings, Inc. (AMC) opened at 16.05 on Friday. AMC Entertainment Holdings, Inc. has a 12 month low of $12.05 and a 12 month high of $35.65. The company’s market capitalization is $2.10 billion. The stock’s 50 day moving average price is $14.49 and its 200-day moving average price is $22.23.
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 analysts’ consensus estimates of $0.06 by ($1.41). AMC Entertainment Holdings had a negative net margin of 2.49% and a negative return on equity of 3.44%. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period last year, the firm posted $0.24 EPS. The company’s revenue was up 57.3% on a year-over-year basis. On average, equities research analysts predict that AMC Entertainment Holdings, Inc. will post ($1.02) EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 27th. Stockholders of record on Monday, September 11th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.98%. The ex-dividend date of this dividend was Friday, September 8th. AMC Entertainment Holdings’s dividend payout ratio (DPR) is presently -125.00%.
AMC Entertainment Holdings declared that its board has approved a share repurchase plan on Thursday, August 3rd that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to reacquire up to 58% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.
In other AMC Entertainment Holdings news, CEO Adam M. Aron purchased 35,000 shares of the stock in a transaction on Thursday, September 14th. The stock was acquired at an average price of $15.79 per share, with a total value of $552,650.00. Following the transaction, the chief executive officer now directly owns 125,426 shares of the company’s stock, valued at approximately $1,980,476.54. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder American Multi-Cinema, Inc. sold 12,000,000 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $6.09, for a total value of $73,080,000.00. The disclosure for this sale can be found here. In the last three months, insiders bought 62,000 shares of company stock valued at $896,940. 0.80% of the stock is currently owned by corporate insiders.
AMC has been the subject of several recent analyst reports. Barclays PLC set a $16.00 price objective on AMC Entertainment Holdings and gave the stock a “hold” rating in a research report on Tuesday, August 29th. Citigroup Inc. restated a “buy” rating and set a $21.00 price objective (down from $30.00) on shares of AMC Entertainment Holdings in a research report on Monday, September 11th. Loop Capital restated a “buy” rating and set a $39.00 price objective on shares of AMC Entertainment Holdings in a research report on Monday, July 10th. Credit Suisse Group AG dropped their target price on AMC Entertainment Holdings from $26.00 to $20.00 and set an “underperform” rating for the company in a research report on Friday, June 23rd. Finally, MKM Partners reiterated a “buy” rating and issued a $36.00 target price (down from $45.00) on shares of AMC Entertainment Holdings in a research report on Friday, June 9th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $27.39.
About AMC Entertainment Holdings
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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