Kornitzer Capital Management Inc. KS grew its holdings in AMC Entertainment Holdings Inc (NYSE:AMC) by 14.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 64,850 shares of the company’s stock after buying an additional 8,400 shares during the period. Kornitzer Capital Management Inc. KS owned 0.05% of AMC Entertainment worth $1,329,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Bank of Montreal Can increased its position in AMC Entertainment by 141.4% during the second quarter. Bank of Montreal Can now owns 9,006 shares of the company’s stock worth $143,000 after purchasing an additional 5,275 shares during the last quarter. Macquarie Group Ltd. acquired a new stake in AMC Entertainment during the second quarter worth about $165,000. Chartwell Investment Partners LLC acquired a new stake in AMC Entertainment during the second quarter worth about $166,000. Hollencrest Capital Management acquired a new stake in AMC Entertainment during the third quarter worth about $208,000. Finally, Summit Securities Group LLC acquired a new stake in AMC Entertainment during the third quarter worth about $211,000. Institutional investors and hedge funds own 37.89% of the company’s stock.

In related news, Director Wanda America Investment Holdi sold 75,826,927 shares of AMC Entertainment stock in a transaction that occurred on Friday, September 7th. The shares were sold at an average price of $1.82, for a total value of $138,005,007.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John D. Mcdonald sold 17,500 shares of AMC Entertainment stock in a transaction that occurred on Monday, October 15th. The stock was sold at an average price of $18.70, for a total transaction of $327,250.00. Following the completion of the transaction, the executive vice president now owns 39,462 shares of the company’s stock, valued at approximately $737,939.40. The disclosure for this sale can be found here. 0.80% of the stock is owned by insiders.

Shares of AMC Entertainment stock opened at $14.26 on Thursday. AMC Entertainment Holdings Inc has a 52-week low of $12.40 and a 52-week high of $21.45. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 4.27. The company has a market capitalization of $1.82 billion, a P/E ratio of -16.02 and a beta of 0.76.

AMC Entertainment (NYSE:AMC) last issued its quarterly earnings results on Thursday, November 8th. The company reported ($0.82) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.49) by ($0.33). AMC Entertainment had a negative return on equity of 0.63% and a negative net margin of 6.17%. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the prior year, the firm earned ($0.33) EPS. The firm’s revenue was up 3.6% compared to the same quarter last year. On average, equities research analysts anticipate that AMC Entertainment Holdings Inc will post -0.25 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 26th. Investors of record on Monday, December 10th will be paid a $0.20 dividend. The ex-dividend date is Friday, December 7th. This represents a $0.80 dividend on an annualized basis and a yield of 5.61%. AMC Entertainment’s dividend payout ratio is currently -89.89%.

Several research firms recently issued reports on AMC. MKM Partners cut shares of AMC Entertainment from a “buy” rating to a “neutral” rating and set a $21.00 price objective for the company. in a research report on Friday, September 14th. They noted that the move was a valuation call. ValuEngine upgraded shares of AMC Entertainment from a “hold” rating to a “buy” rating in a research report on Tuesday, October 2nd. Barrington Research reaffirmed a “buy” rating on shares of AMC Entertainment in a research note on Friday, October 19th. Wedbush raised shares of AMC Entertainment to a “buy” rating and set a $25.00 target price for the company in a research note on Monday, September 17th. Finally, William Blair reaffirmed a “hold” rating on shares of AMC Entertainment in a research note on Monday, September 17th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. AMC Entertainment has an average rating of “Buy” and a consensus target price of $21.81.

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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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