Hodges Capital Management Inc. purchased a new position in AMC Entertainment Holdings, Inc. (NYSE:AMC) during the second quarter, Holdings Channel reports. The firm purchased 20,000 shares of the company’s stock, valued at approximately $455,000.

Other large investors have also added to or reduced their stakes in the company. Croft Leominster Inc. raised its stake in AMC Entertainment Holdings by 36.1% in the first quarter. Croft Leominster Inc. now owns 11,300 shares of the company’s stock worth $355,000 after buying an additional 3,000 shares during the period. Great West Life Assurance Co. Can raised its stake in AMC Entertainment Holdings by 241.8% in the first quarter. Great West Life Assurance Co. Can now owns 5,558 shares of the company’s stock worth $174,000 after buying an additional 3,932 shares during the period. Ameritas Investment Partners Inc. acquired a new stake in AMC Entertainment Holdings during the first quarter worth approximately $141,000. Pacer Advisors Inc. acquired a new stake in AMC Entertainment Holdings during the first quarter worth approximately $157,000. Finally, SG Americas Securities LLC raised its stake in AMC Entertainment Holdings by 62.0% in the first quarter. SG Americas Securities LLC now owns 13,688 shares of the company’s stock worth $430,000 after buying an additional 5,237 shares during the period. Institutional investors and hedge funds own 42.02% of the company’s stock.

AMC Entertainment Holdings, Inc. (AMC) opened at 15.50 on Thursday. AMC Entertainment Holdings, Inc. has a 1-year low of $14.80 and a 1-year high of $35.65. The stock has a 50 day moving average price of $20.72 and a 200-day moving average price of $27.10. The firm has a market cap of $2.03 billion, a P/E ratio of 17.69 and a beta of 1.31.

AMC Entertainment Holdings (NYSE:AMC) last issued its quarterly earnings data on Friday, August 4th. The company reported ($1.35) earnings per share for the quarter, missing the consensus estimate of $0.06 by $1.41. AMC Entertainment Holdings had a negative return on equity of 3.61% and a negative net margin of 2.49%. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the prior year, the firm earned $0.24 EPS. The business’s revenue for the quarter was up 57.3% compared to the same quarter last year. Equities research analysts forecast that AMC Entertainment Holdings, Inc. will post ($1.04) EPS for the current year.

AMC Entertainment Holdings announced that its Board of Directors has authorized a stock repurchase program on Thursday, August 3rd that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 58% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 27th. Investors of record on Monday, September 11th will be paid a $0.20 dividend. The ex-dividend date is Friday, September 8th. This represents a $0.80 annualized dividend and a dividend yield of 5.16%. AMC Entertainment Holdings’s dividend payout ratio is -125.00%.

ILLEGAL ACTIVITY WARNING: “Hodges Capital Management Inc. Purchases New Stake in AMC Entertainment Holdings, Inc. (AMC)” was first reported by Watch List News and is the sole property of of Watch List News. If you are reading this story on another publication, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright law. The correct version of this story can be viewed at https://www.watchlistnews.com/hodges-capital-management-inc-purchases-new-stake-in-amc-entertainment-holdings-inc-amc/1468063.html.

A number of research firms recently commented on AMC. B. Riley upgraded AMC Entertainment Holdings to a “buy” rating and set a $49.50 price target on the stock in a research report on Sunday, May 14th. Wedbush restated an “outperform” rating and set a $40.00 price target on shares of AMC Entertainment Holdings in a research report on Monday, April 24th. FBR & Co restated a “buy” rating and set a $37.00 price target on shares of AMC Entertainment Holdings in a research report on Friday, April 21st. William Blair began coverage on AMC Entertainment Holdings in a research report on Friday, July 21st. They set a “market perform” rating on the stock. Finally, Zacks Investment Research upgraded AMC Entertainment Holdings from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company. AMC Entertainment Holdings presently has a consensus rating of “Hold” and an average price target of $29.96.

In other AMC Entertainment Holdings news, SVP Kevin M. Connor acquired 4,000 shares of AMC Entertainment Holdings stock in a transaction that occurred on Thursday, June 8th. The shares were bought at an average price of $23.52 per share, with a total value of $94,080.00. Following the completion of the purchase, the senior vice president now directly owns 40,705 shares in the company, valued at approximately $957,381.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Adam M. Aron acquired 10,000 shares of AMC Entertainment Holdings stock in a transaction that occurred on Friday, June 2nd. The stock was acquired at an average cost of $24.72 per share, for a total transaction of $247,200.00. Following the purchase, the chief executive officer now owns 90,426 shares of the company’s stock, valued at $2,235,330.72. The disclosure for this purchase can be found here. Insiders own 0.80% of the company’s stock.

About AMC Entertainment Holdings

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.

Want to see what other hedge funds are holding AMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AMC Entertainment Holdings, Inc. (NYSE:AMC).

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.