Thompson Siegel & Walmsley LLC lowered its position in shares of AMC Entertainment Holdings (NYSE:AMC) by 5.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,758,674 shares of the company’s stock after selling 106,570 shares during the period. Thompson Siegel & Walmsley LLC owned about 1.38% of AMC Entertainment worth $24,710,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Mittleman Brothers LLC increased its position in shares of AMC Entertainment by 7.1% during the first quarter. Mittleman Brothers LLC now owns 3,311,619 shares of the company’s stock worth $46,528,000 after purchasing an additional 219,236 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of AMC Entertainment by 17.4% during the first quarter. Victory Capital Management Inc. now owns 2,123,251 shares of the company’s stock worth $29,832,000 after purchasing an additional 315,005 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of AMC Entertainment by 3.1% during the third quarter. Dimensional Fund Advisors LP now owns 2,091,618 shares of the company’s stock worth $30,747,000 after purchasing an additional 63,316 shares in the last quarter. Penn Capital Management Co. Inc. increased its position in shares of AMC Entertainment by 72.6% during the fourth quarter. Penn Capital Management Co. Inc. now owns 948,520 shares of the company’s stock worth $14,343,000 after purchasing an additional 398,827 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of AMC Entertainment by 65.8% during the fourth quarter. Bank of New York Mellon Corp now owns 726,748 shares of the company’s stock worth $10,974,000 after purchasing an additional 288,419 shares in the last quarter. Institutional investors and hedge funds own 44.09% of the company’s stock.
A number of analysts have recently commented on AMC shares. Wedbush upgraded AMC Entertainment to a “buy” rating and set a $25.00 target price on the stock in a research report on Monday, April 9th. MKM Partners lifted their target price on AMC Entertainment from $20.00 to $23.00 and gave the stock a “buy” rating in a research report on Tuesday, April 17th. B. Riley reiterated a “buy” rating and set a $27.50 target price (down previously from $30.00) on shares of AMC Entertainment in a research report on Friday, March 2nd. Barrington Research reiterated a “buy” rating and set a $20.00 target price on shares of AMC Entertainment in a research report on Friday, May 11th. Finally, TheStreet upgraded AMC Entertainment from a “d+” rating to a “c-” rating in a research report on Monday, March 12th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. AMC Entertainment presently has an average rating of “Hold” and an average target price of $21.68.
Shares of AMC Entertainment opened at $16.60 on Thursday, Marketbeat reports. The stock has a market capitalization of $2.11 billion, a P/E ratio of -18.65, a P/E/G ratio of 11.99 and a beta of 0.83. AMC Entertainment Holdings has a 52-week low of $16.45 and a 52-week high of $16.75. The company has a debt-to-equity ratio of 2.31, a quick ratio of 0.60 and a current ratio of 0.60.
AMC Entertainment (NYSE:AMC) last issued its quarterly earnings results on Monday, May 7th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.12. The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.35 billion. AMC Entertainment had a negative return on equity of 7.13% and a negative net margin of 9.22%. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.07 EPS. equities research analysts forecast that AMC Entertainment Holdings will post 0.14 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, June 25th. Investors of record on Monday, June 11th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.82%. The ex-dividend date of this dividend is Friday, June 8th. AMC Entertainment’s dividend payout ratio (DPR) is presently -89.89%.
About AMC Entertainment
AMC Entertainment Holdings, Inc, through its subsidiaries, operates in the theatrical exhibition business. The company owns, operates, or has interests in theatres. As of December 31, 2017, it owned, operated, or had interests in 649 theatres with a total of 8,224 screens in the United States; and 365 theatres and 2,945 screens internationally.
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