Hanson & Doremus Investment Management acquired a new position in AMC Entertainment Holdings Inc (NYSE:AMC) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 19,519 shares of the company’s stock, valued at approximately $310,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Schwab Charles Investment Management Inc. increased its stake in AMC Entertainment by 9.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 522,989 shares of the company’s stock worth $8,316,000 after acquiring an additional 44,310 shares during the last quarter. Quantitative Systematic Strategies LLC purchased a new position in shares of AMC Entertainment in the 2nd quarter worth approximately $278,000. Trexquant Investment LP boosted its holdings in shares of AMC Entertainment by 74.6% in the 2nd quarter. Trexquant Investment LP now owns 60,490 shares of the company’s stock worth $962,000 after purchasing an additional 25,848 shares during the period. Investment Management of Virginia LLC boosted its holdings in shares of AMC Entertainment by 42.2% in the 2nd quarter. Investment Management of Virginia LLC now owns 72,012 shares of the company’s stock worth $1,145,000 after purchasing an additional 21,367 shares during the period. Finally, Engineers Gate Manager LP boosted its holdings in shares of AMC Entertainment by 1,806.7% in the 2nd quarter. Engineers Gate Manager LP now owns 198,296 shares of the company’s stock worth $3,153,000 after purchasing an additional 187,896 shares during the period. 39.71% of the stock is currently owned by institutional investors and hedge funds.

In other AMC Entertainment news, CMO Stephen A. Colanero sold 5,364 shares of the company’s stock in a transaction on Monday, June 18th. The stock was sold at an average price of $15.95, for a total value of $85,555.80. Following the completion of the sale, the chief marketing officer now directly owns 69,536 shares in the company, valued at approximately $1,109,099.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Carla C. Sanders sold 6,000 shares of the company’s stock in a transaction on Friday, June 1st. The stock was sold at an average price of $14.76, for a total value of $88,560.00. Following the completion of the sale, the senior vice president now owns 15,992 shares of the company’s stock, valued at $236,041.92. The disclosure for this sale can be found here. Insiders sold a total of 28,864 shares of company stock valued at $443,966 over the last quarter. Company insiders own 1.40% of the company’s stock.

A number of research firms recently issued reports on AMC. Wedbush upgraded AMC Entertainment to a “buy” rating and set a $25.00 price objective for the company in a report on Wednesday, May 2nd. Benchmark upgraded AMC Entertainment from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a report on Thursday, June 21st. Imperial Capital began coverage on AMC Entertainment in a report on Wednesday, July 11th. They set an “outperform” rating and a $23.00 price objective for the company. ValuEngine upgraded AMC Entertainment from a “strong sell” rating to a “sell” rating in a report on Thursday, June 21st. Finally, Zacks Investment Research cut AMC Entertainment from a “buy” rating to a “hold” rating in a report on Friday, July 20th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. AMC Entertainment has an average rating of “Buy” and a consensus target price of $20.14.

AMC opened at $18.55 on Tuesday. AMC Entertainment Holdings Inc has a 52-week low of $10.80 and a 52-week high of $18.80. The company has a debt-to-equity ratio of 2.41, a current ratio of 0.68 and a quick ratio of 0.68. The firm has a market cap of $2.34 billion, a P/E ratio of -20.84, a price-to-earnings-growth ratio of 14.12 and a beta of 0.76.

AMC Entertainment (NYSE:AMC) last posted its quarterly earnings data on Wednesday, August 1st. The company reported $0.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.05. AMC Entertainment had a positive return on equity of 1.70% and a negative net margin of 5.15%. The company had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter in the previous year, the business earned ($1.35) EPS. AMC Entertainment’s revenue was up 20.0% compared to the same quarter last year. research analysts forecast that AMC Entertainment Holdings Inc will post 0.13 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 24th. Shareholders of record on Monday, September 10th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.31%. The ex-dividend date of this dividend is Friday, September 7th. AMC Entertainment’s dividend payout ratio is -89.89%.

AMC Entertainment Company Profile

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

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