Gabelli Funds LLC boosted its position in shares of AMC Entertainment Holdings Inc (NYSE:AMC) by 50.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,000 shares of the company’s stock after purchasing an additional 13,000 shares during the period. Gabelli Funds LLC’s holdings in AMC Entertainment were worth $620,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Quantbot Technologies LP bought a new position in AMC Entertainment during the 1st quarter valued at about $101,000. Oppenheimer Asset Management Inc. bought a new position in AMC Entertainment during the 1st quarter valued at about $142,000. Bank of Montreal Can grew its holdings in AMC Entertainment by 141.4% during the 2nd quarter. Bank of Montreal Can now owns 9,006 shares of the company’s stock valued at $143,000 after purchasing an additional 5,275 shares during the last quarter. Gargoyle Investment Advisor L.L.C. bought a new position in AMC Entertainment during the 1st quarter valued at about $146,000. Finally, Chartwell Investment Partners LLC bought a new position in AMC Entertainment during the 2nd quarter valued at about $166,000. Institutional investors own 40.02% of the company’s stock.

In other news, EVP John D. Mcdonald sold 17,500 shares of the company’s stock in a transaction that occurred on Monday, July 30th. The shares were sold at an average price of $15.42, for a total value of $269,850.00. Following the completion of the sale, the executive vice president now owns 56,961 shares of the company’s stock, valued at approximately $878,338.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Stephen A. Colanero sold 5,364 shares of the company’s stock in a transaction that occurred on Monday, June 18th. The stock was sold at an average price of $15.95, for a total transaction of $85,555.80. Following the completion of the sale, the chief marketing officer now directly owns 69,536 shares of the company’s stock, valued at approximately $1,109,099.20. The disclosure for this sale can be found here. 1.40% of the stock is owned by corporate insiders.

Several equities analysts recently commented on the stock. Benchmark upgraded shares of AMC Entertainment from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Thursday, June 21st. ValuEngine upgraded shares of AMC Entertainment from a “strong sell” rating to a “sell” rating in a report on Thursday, June 21st. Wedbush upgraded shares of AMC Entertainment to a “buy” rating and set a $25.00 price target on the stock in a report on Tuesday, July 3rd. Zacks Investment Research upgraded shares of AMC Entertainment from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a report on Wednesday, July 4th. Finally, Cfra restated a “buy” rating and issued a $18.00 target price on shares of AMC Entertainment in a research note on Wednesday, June 27th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $20.55.

Shares of AMC stock opened at $19.90 on Monday. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.68 and a current ratio of 0.68. The stock has a market capitalization of $2.54 billion, a price-to-earnings ratio of -22.36, a P/E/G ratio of 15.31 and a beta of 0.83. AMC Entertainment Holdings Inc has a one year low of $10.80 and a one year high of $20.45.

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

The business also recently announced a quarterly dividend, which will be paid on Monday, September 24th. Shareholders of record on Monday, September 10th will be paid a $0.20 dividend. The ex-dividend date is Friday, September 7th. This represents a $0.80 dividend on an annualized basis and a yield of 4.02%. AMC Entertainment’s dividend payout ratio is currently -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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