Wells Fargo & Company MN increased its holdings in shares of AMC Entertainment Holdings (NYSE:AMC) by 29.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 89,500 shares of the company’s stock after purchasing an additional 20,189 shares during the quarter. Wells Fargo & Company MN owned 0.07% of AMC Entertainment worth $1,351,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also bought and sold shares of the company. First Trust Advisors LP acquired a new stake in AMC Entertainment during the 4th quarter worth approximately $1,601,000. Mutual of America Capital Management LLC grew its position in AMC Entertainment by 5.9% in the fourth quarter. Mutual of America Capital Management LLC now owns 184,059 shares of the company’s stock valued at $2,779,000 after acquiring an additional 10,309 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in AMC Entertainment by 10,509.5% in the third quarter. Public Employees Retirement System of Ohio now owns 96,228 shares of the company’s stock valued at $1,415,000 after acquiring an additional 95,321 shares in the last quarter. Heartland Advisors Inc. acquired a new stake in AMC Entertainment in the fourth quarter valued at approximately $6,040,000. Finally, Gabelli Funds LLC grew its position in AMC Entertainment by 18.2% in the fourth quarter. Gabelli Funds LLC now owns 26,000 shares of the company’s stock valued at $393,000 after acquiring an additional 4,000 shares in the last quarter. 43.75% of the stock is owned by hedge funds and other institutional investors.
AMC stock opened at $17.00 on Friday. AMC Entertainment Holdings has a twelve month low of $10.80 and a twelve month high of $31.40. 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 (NYSE:AMC) last released its quarterly earnings results on Thursday, March 1st. The company reported ($2.14) earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same period in the previous year, the business posted $0.33 EPS. The firm’s quarterly revenue was up 53.0% compared to the same quarter last year.
The business also recently declared a quarterly dividend, which was paid on Monday, March 26th. Stockholders of record on Monday, March 12th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.71%. The ex-dividend date of this dividend was Friday, March 9th. AMC Entertainment’s payout ratio is currently -89.89%.
Several analysts have issued reports on AMC shares. Wedbush set a $19.00 price objective on shares of AMC Entertainment and gave the company a “buy” rating in a research report on Monday, January 8th. Zacks Investment Research downgraded shares of AMC Entertainment from a “hold” rating to a “sell” rating in a research report on Monday, March 12th. MKM Partners increased their price objective on shares of AMC Entertainment from $20.00 to $23.00 and gave the company a “buy” rating in a research report on Tuesday. Royal Bank of Canada downgraded shares of AMC Entertainment from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, January 10th. Finally, B. Riley reaffirmed a “buy” rating and issued a $27.50 price objective (down previously from $30.00) on shares of AMC Entertainment in a research report on Friday, March 2nd. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $23.13.
AMC Entertainment 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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