Neuberger Berman Group LLC lifted its holdings in shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) by 66.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 202,562 shares of the company’s stock after acquiring an additional 80,730 shares during the quarter. Neuberger Berman Group LLC owned about 0.15% of AMC Entertainment Holdings worth $4,608,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the stock. Virginia Retirement Systems ET AL lifted its holdings in shares of AMC Entertainment Holdings by 1.9% during the 2nd quarter. Virginia Retirement Systems ET AL now owns 10,700 shares of the company’s stock valued at $243,000 after acquiring an additional 200 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of AMC Entertainment Holdings by 2.6% during the 2nd quarter. Legal & General Group Plc now owns 13,118 shares of the company’s stock valued at $301,000 after acquiring an additional 337 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of AMC Entertainment Holdings by 12.0% during the 2nd quarter. Pacer Advisors Inc. now owns 5,600 shares of the company’s stock valued at $127,000 after acquiring an additional 601 shares in the last quarter. Croft Leominster Inc. lifted its holdings in shares of AMC Entertainment Holdings by 36.1% during the 1st quarter. Croft Leominster Inc. now owns 11,300 shares of the company’s stock valued at $355,000 after acquiring an additional 3,000 shares in the last quarter. Finally, Great West Life Assurance Co. Can lifted its holdings in shares of AMC Entertainment Holdings by 241.8% during the 1st quarter. Great West Life Assurance Co. Can now owns 5,558 shares of the company’s stock valued at $174,000 after acquiring an additional 3,932 shares in the last quarter. Institutional investors and hedge funds own 46.96% of the company’s stock.

In other news, Director Jack Qunyao Gao acquired 20,000 shares of the firm’s stock in a transaction that occurred on Friday, August 18th. The stock was acquired at an average cost of $12.50 per share, with a total value of $250,000.00. Following the acquisition, the director now owns 30,500 shares in the company, valued at $381,250. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.80% of the stock is currently owned by corporate insiders.

Shares of AMC Entertainment Holdings, Inc. (AMC) opened at 14.20 on Wednesday. The stock’s market cap is $1.86 billion. AMC Entertainment Holdings, Inc. has a 1-year low of $12.05 and a 1-year high of $35.65. The company’s 50-day moving average is $15.29 and its 200 day moving average is $24.03.

AMC Entertainment Holdings (NYSE:AMC) last posted its quarterly earnings data on Friday, August 4th. The company reported ($1.35) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($1.41). The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.22 billion. AMC Entertainment Holdings had a negative return on equity of 3.44% and a negative net margin of 2.49%. AMC Entertainment Holdings’s quarterly revenue was up 57.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.24 earnings per share. Equities research analysts anticipate that AMC Entertainment Holdings, Inc. will post ($1.03) EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 27th. Investors of record on Monday, September 11th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 5.63%. The ex-dividend date is Friday, September 8th. AMC Entertainment Holdings’s dividend payout ratio is currently -125.00%.

AMC Entertainment Holdings announced that its board has initiated a stock buyback program on Thursday, August 3rd that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to repurchase up to 58% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

TRADEMARK VIOLATION NOTICE: “Neuberger Berman Group LLC Acquires 80,730 Shares of AMC Entertainment Holdings, Inc. (AMC)” was first posted by Watch List News and is owned by of Watch List News. If you are reading this story on another site, it was copied illegally and reposted in violation of U.S. & international trademark and copyright law. The original version of this story can be viewed at https://www.watchlistnews.com/neuberger-berman-group-llc-acquires-80730-shares-of-amc-entertainment-holdings-inc-amc/1558421.html.

AMC has been the topic of several recent research reports. Citigroup Inc. restated a “buy” rating and set a $30.00 target price (down previously from $35.00) on shares of AMC Entertainment Holdings in a report on Saturday, July 22nd. Loop Capital restated a “buy” rating and set a $39.00 target price on shares of AMC Entertainment Holdings in a report on Monday, July 10th. MKM Partners restated a “buy” rating and set a $36.00 target price (down previously from $45.00) on shares of AMC Entertainment Holdings in a report on Friday, June 9th. B. Riley restated a “buy” rating and set a $32.50 target price (down previously from $42.50) on shares of AMC Entertainment Holdings in a report on Monday, July 31st. Finally, Wedbush restated a “buy” rating on shares of AMC Entertainment Holdings in a report on Wednesday, August 2nd. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the stock. AMC Entertainment Holdings presently has an average rating of “Hold” and a consensus target price of $28.76.

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.