PVG Asset Management Corp raised its stake in shares of AMC Entertainment Holdings Inc (NYSE:AMC) by 144.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 389,607 shares of the company’s stock after buying an additional 230,397 shares during the quarter. AMC Entertainment comprises about 2.7% of PVG Asset Management Corp’s investment portfolio, making the stock its 12th biggest holding. PVG Asset Management Corp owned about 0.30% of AMC Entertainment worth $5,883,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently made changes to their positions in the company. Advisor Group Inc. raised its stake in AMC Entertainment by 445.3% during the fourth quarter. Advisor Group Inc. now owns 9,380 shares of the company’s stock valued at $141,000 after buying an additional 7,660 shares during the last quarter. Deprince Race & Zollo Inc. purchased a new position in shares of AMC Entertainment in the fourth quarter worth $151,000. Two Sigma Securities LLC purchased a new position in shares of AMC Entertainment in the fourth quarter worth $238,000. Pitcairn Co. purchased a new position in shares of AMC Entertainment in the fourth quarter worth $238,000. Finally, Teacher Retirement System of Texas purchased a new position in shares of AMC Entertainment in the fourth quarter worth $275,000. Institutional investors and hedge funds own 43.76% of the company’s stock.
Shares of AMC Entertainment stock traded down $0.15 on Monday, hitting $14.05. The company had a trading volume of 128,546 shares, compared to its average volume of 2,021,783. The company has a debt-to-equity ratio of 2.27, a current ratio of 0.62 and a quick ratio of 0.62. AMC Entertainment Holdings Inc has a one year low of $10.80 and a one year high of $32.10.
AMC Entertainment (NYSE:AMC) last issued its quarterly earnings data on Thursday, March 1st. The company reported ($2.14) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($2.41). AMC Entertainment had a negative return on equity of 6.04% and a negative net margin of 9.59%. The firm had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same period in the previous year, the firm earned $0.33 EPS. The business’s revenue was up 53.0% on a year-over-year basis. equities research analysts predict that AMC Entertainment Holdings Inc will post 0.17 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 26th. Investors of record on Monday, March 12th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 5.69%. The ex-dividend date is Friday, March 9th. AMC Entertainment’s payout ratio is currently -21.33%.
Several research firms have recently weighed in on AMC. TheStreet upgraded AMC Entertainment from a “d+” rating to a “c-” rating in a research note on Monday, March 12th. Zacks Investment Research cut AMC Entertainment from a “hold” rating to a “sell” rating in a research note on Monday, March 12th. B. Riley restated a “buy” rating and issued a $27.50 price target (down previously from $30.00) on shares of AMC Entertainment in a research note on Friday, March 2nd. Wedbush set a $19.00 price target on AMC Entertainment and gave the stock a “buy” rating in a research note on Tuesday, February 20th. Finally, Royal Bank of Canada cut AMC Entertainment from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, January 10th. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $23.04.
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About AMC Entertainment
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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