California Public Employees Retirement System lifted its stake in shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) by 19.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 40,634 shares of the company’s stock after buying an additional 6,600 shares during the quarter. California Public Employees Retirement System’s holdings in AMC Entertainment Holdings were worth $924,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in AMC. Prudential Financial Inc. grew its position in shares of AMC Entertainment Holdings by 67.1% during the first quarter. Prudential Financial Inc. now owns 30,779 shares of the company’s stock worth $968,000 after buying an additional 12,360 shares in the last quarter. Teachers Advisors LLC grew its position in shares of AMC Entertainment Holdings by 81.6% during the first quarter. Teachers Advisors LLC now owns 90,231 shares of the company’s stock worth $2,838,000 after buying an additional 40,538 shares in the last quarter. TIAA CREF Investment Management LLC grew its position in shares of AMC Entertainment Holdings by 62.5% during the first quarter. TIAA CREF Investment Management LLC now owns 188,788 shares of the company’s stock worth $5,937,000 after buying an additional 72,618 shares in the last quarter. Legal & General Group Plc grew its position in shares of AMC Entertainment Holdings by 75.2% during the first quarter. Legal & General Group Plc now owns 12,781 shares of the company’s stock worth $402,000 after buying an additional 5,484 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in shares of AMC Entertainment Holdings by 59.8% during the first quarter. Vanguard Group Inc. now owns 4,840,316 shares of the company’s stock worth $152,228,000 after buying an additional 1,811,552 shares in the last quarter. 46.75% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: “California Public Employees Retirement System Has $924,000 Stake in AMC Entertainment Holdings, Inc. (AMC)” was originally published by Watch List News and is owned by of Watch List News. If you are accessing this piece of content on another publication, it was stolen and republished in violation of US and international copyright and trademark laws. The correct version of this piece of content can be read at https://www.watchlistnews.com/california-public-employees-retirement-system-has-924000-stake-in-amc-entertainment-holdings-inc-amc/1701778.html.

In other AMC Entertainment Holdings news, major shareholder American Multi-Cinema, Inc. sold 12,000,000 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $6.09, for a total value of $73,080,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jack Qunyao Gao acquired 7,000 shares of AMC Entertainment Holdings stock in a transaction on Wednesday, August 16th. The stock was purchased at an average price of $13.47 per share, with a total value of $94,290.00. Following the purchase, the director now owns 10,500 shares of the company’s stock, valued at approximately $141,435. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 62,000 shares of company stock valued at $896,940. 0.80% of the stock is owned by company insiders.

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) opened at $11.65 on Tuesday. The company has a debt-to-equity ratio of 2.01, a current ratio of 0.53 and a quick ratio of 0.53. AMC Entertainment Holdings, Inc. has a 52 week low of $10.80 and a 52 week high of $35.65.

AMC Entertainment Holdings (NYSE:AMC) last issued its quarterly earnings data on Monday, November 6th. The company reported ($0.33) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.29) by ($0.04). AMC Entertainment Holdings had a negative net margin of 3.87% and a negative return on equity of 6.20%. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the prior year, the firm posted $0.31 EPS. AMC Entertainment Holdings’s quarterly revenue was up 51.2% compared to the same quarter last year. research analysts predict that AMC Entertainment Holdings, Inc. will post -1.28 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 18th. Shareholders of record on Monday, December 4th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 6.87%. The ex-dividend date of this dividend is Friday, December 1st. AMC Entertainment Holdings’s dividend payout ratio is currently -62.50%.

AMC Entertainment Holdings declared that its board has initiated a share buyback plan on Thursday, August 3rd that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 58% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

A number of equities analysts have recently commented on AMC shares. Wedbush set a $23.00 price objective on AMC Entertainment Holdings and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. B. Riley reissued a “buy” rating and set a $32.50 price objective (down from $42.50) on shares of AMC Entertainment Holdings in a research report on Monday, July 31st. Citigroup Inc. reissued a “buy” rating and set a $30.00 price objective (down from $35.00) on shares of AMC Entertainment Holdings in a research report on Saturday, July 22nd. Loop Capital restated a “buy” rating and set a $33.00 target price (down previously from $39.00) on shares of AMC Entertainment Holdings in a research note on Wednesday, August 2nd. Finally, MKM Partners restated a “buy” rating and set a $28.00 target price on shares of AMC Entertainment Holdings in a research note on Monday, September 18th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $25.78.

AMC Entertainment Holdings Company 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.

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

Receive News & Ratings for AMC Entertainment Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMC Entertainment Holdings Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.