Canyon Capital Advisors LLC bought a new stake in shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,950,000 shares of the company’s stock, valued at approximately $44,363,000. AMC Entertainment Holdings makes up approximately 0.7% of Canyon Capital Advisors LLC’s portfolio, making the stock its 17th biggest position. Canyon Capital Advisors LLC owned approximately 1.49% of AMC Entertainment Holdings as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in AMC. BlackRock Inc. raised its holdings in shares of AMC Entertainment Holdings by 46,484.0% during the first quarter. BlackRock Inc. now owns 3,352,184 shares of the company’s stock valued at $105,428,000 after acquiring an additional 3,344,988 shares in the last quarter. Schroder Investment Management Group raised its holdings in shares of AMC Entertainment Holdings by 409.9% during the second quarter. Schroder Investment Management Group now owns 3,867,048 shares of the company’s stock valued at $91,456,000 after acquiring an additional 3,108,645 shares in the last quarter. Janus Henderson Group PLC bought a new position in shares of AMC Entertainment Holdings during the second quarter valued at approximately $63,789,000. Point72 Asset Management L.P. bought a new position in shares of AMC Entertainment Holdings during the first quarter valued at approximately $73,011,000. Finally, Vanguard Group Inc. raised its holdings in shares of AMC Entertainment Holdings by 59.8% during the first quarter. Vanguard Group Inc. now owns 4,840,316 shares of the company’s stock valued at $152,228,000 after acquiring an additional 1,811,552 shares in the last quarter. Institutional investors own 46.99% of the company’s stock.

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In other news, major shareholder American Multi-Cinema, Inc. sold 12,000,000 shares of the business’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $6.09, for a total value of $73,080,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jack Qunyao Gao purchased 7,000 shares of AMC Entertainment Holdings stock in a transaction dated Wednesday, August 16th. The stock was bought at an average cost of $13.47 per share, with a total value of $94,290.00. Following the completion of the transaction, the director now owns 10,500 shares in the company, valued at approximately $141,435. The disclosure for this purchase can be found here. Over the last three months, insiders bought 62,000 shares of company stock valued at $896,940. Corporate insiders own 0.80% of the company’s stock.

Several equities research analysts recently weighed in on the company. B. Riley reaffirmed a “buy” rating and issued a $32.50 price target (down from $42.50) on shares of AMC Entertainment Holdings in a research note on Monday, July 31st. William Blair assumed coverage on AMC Entertainment Holdings in a research note on Friday, July 21st. They issued a “market perform” rating on the stock. Zacks Investment Research raised AMC Entertainment Holdings from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Credit Suisse Group reduced their price target on AMC Entertainment Holdings from $26.00 to $20.00 and set an “underperform” rating on the stock in a research note on Friday, June 23rd. Finally, ValuEngine cut AMC Entertainment Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $27.39.

AMC Entertainment Holdings, Inc. (AMC) traded down 5.30% during midday trading on Friday, hitting $15.20. The stock had a trading volume of 2,856,398 shares. The company’s 50 day moving average price is $14.55 and its 200-day moving average price is $22.12. AMC Entertainment Holdings, Inc. has a 52-week low of $12.05 and a 52-week high of $35.65. The stock’s market cap is $1.99 billion.

AMC Entertainment Holdings (NYSE:AMC) last released its quarterly earnings results on Friday, August 4th. The company reported ($1.35) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($1.41). The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.22 billion. AMC Entertainment Holdings had a negative return on equity of 3.44% and a negative net margin of 2.49%. The company’s revenue was up 57.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.24 earnings per share. Analysts forecast that AMC Entertainment Holdings, Inc. will post ($1.02) EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 27th. Stockholders of record on Monday, September 11th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 5.26%. The ex-dividend date was Friday, September 8th. AMC Entertainment Holdings’s payout ratio is -125.00%.

AMC Entertainment Holdings declared that its board has approved a stock buyback program on Thursday, August 3rd that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 58% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.

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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