Fondren Management LP acquired a new stake in shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 50,000 shares of the company’s stock, valued at approximately $1,138,000. AMC Entertainment Holdings comprises 1.2% of Fondren Management LP’s investment portfolio, making the stock its 20th biggest holding.

Other hedge funds have also added to or reduced their stakes in the company. Ameritas Investment Partners Inc. lifted its position in AMC Entertainment Holdings by 8.3% during the second quarter. Ameritas Investment Partners Inc. now owns 4,845 shares of the company’s stock valued at $110,000 after purchasing an additional 372 shares during the last quarter. Seven Eight Capital LP bought a new stake in shares of AMC Entertainment Holdings in the 2nd quarter worth about $125,000. Pacer Advisors Inc. lifted its holdings in shares of AMC Entertainment Holdings by 12.0% in the 2nd quarter. Pacer Advisors Inc. now owns 5,600 shares of the company’s stock worth $127,000 after acquiring an additional 601 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of AMC Entertainment Holdings by 574.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,109 shares of the company’s stock worth $162,000 after acquiring an additional 6,055 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of AMC Entertainment Holdings by 1,837.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 7,170 shares of the company’s stock worth $163,000 after acquiring an additional 6,800 shares during the last quarter. Institutional investors and hedge funds own 47.02% of the company’s stock.

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Several equities research analysts have recently issued reports on AMC shares. Wedbush set a $23.00 target price on shares of AMC Entertainment Holdings and gave the stock a “buy” rating in a report on Wednesday, August 2nd. B. Riley restated a “buy” rating and issued a $32.50 target price (down previously from $42.50) on shares of AMC Entertainment Holdings in a report on Monday, July 31st. Citigroup Inc. restated a “buy” rating and issued a $30.00 target price (down previously from $35.00) on shares of AMC Entertainment Holdings in a report on Saturday, July 22nd. Loop Capital restated a “buy” rating and issued a $39.00 target price on shares of AMC Entertainment Holdings in a report on Monday, July 10th. Finally, MKM Partners restated a “buy” rating and issued a $28.00 target price on shares of AMC Entertainment Holdings in a report on Monday, September 18th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company. AMC Entertainment Holdings presently has an average rating of “Hold” and a consensus price target of $26.46.

In other AMC Entertainment Holdings news, Director Jack Qunyao Gao purchased 7,000 shares of AMC Entertainment Holdings stock in a transaction dated Wednesday, August 16th. The shares were acquired at an average price 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 of the company’s stock, valued at $141,435. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Adam M. Aron purchased 35,000 shares of AMC Entertainment Holdings stock in a transaction dated Thursday, September 14th. The shares were acquired at an average cost of $15.79 per share, for a total transaction 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 disclosure for this purchase can be found here. Insiders acquired 62,000 shares of company stock worth $896,940 in the last ninety days. 0.80% of the stock is currently owned by corporate insiders.

AMC Entertainment Holdings, Inc. (NYSE:AMC) traded down 1.75% on Friday, reaching $14.00. 2,068,933 shares of the company traded hands. 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 $1.83 billion. The stock has a 50 day moving average of $14.80 and a 200-day moving average of $20.91.

AMC Entertainment Holdings (NYSE:AMC) last posted its earnings results on Friday, August 4th. The company reported ($1.35) EPS for the quarter, missing the Zacks’ consensus estimate 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 analyst estimates of $1.22 billion. During the same period in the previous year, the company earned $0.24 EPS. The company’s quarterly revenue was up 57.3% compared to the same quarter last year. On average, equities analysts anticipate that AMC Entertainment Holdings, Inc. will post ($1.08) EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 27th. Shareholders of record on Monday, September 11th were given a $0.20 dividend. The ex-dividend date of this dividend was Friday, September 8th. This represents a $0.80 dividend on an annualized basis and a yield of 5.71%. AMC Entertainment Holdings’s payout ratio is currently -125.00%.

AMC Entertainment Holdings announced that its Board of Directors has initiated a stock buyback program on Thursday, August 3rd that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to buy up to 58% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.

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

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