Fmr LLC lowered its stake in AMC Entertainment Holdings, Inc. (NYSE:AMC) by 94.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 43,583 shares of the company’s stock after selling 679,941 shares during the period. Fmr LLC’s holdings in AMC Entertainment Holdings were worth $1,371,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ameritas Investment Partners Inc. purchased a new position in AMC Entertainment Holdings during the first quarter valued at about $141,000. Pacer Advisors Inc. purchased a new position in AMC Entertainment Holdings during the first quarter valued at about $157,000. Great West Life Assurance Co. Can boosted its position 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 valued at $174,000 after buying an additional 3,932 shares in the last quarter. Fox Run Management L.L.C. purchased a new position in AMC Entertainment Holdings during the first quarter valued at about $267,000. Finally, Cipher Capital LP purchased a new position in AMC Entertainment Holdings during the first quarter valued at about $270,000. 41.43% of the stock is owned by hedge funds and other institutional investors.

AMC Entertainment Holdings, Inc. (AMC) opened at 16.25 on Friday. AMC Entertainment Holdings, Inc. has a one year low of $15.50 and a one year high of $35.65. The stock has a market capitalization of $2.12 billion, a PE ratio of 18.55 and a beta of 1.31. The firm has a 50-day moving average of $22.18 and a 200-day moving average of $27.80.

AMC Entertainment Holdings (NYSE:AMC) last issued its quarterly earnings results on Friday, August 4th. The company reported ($1.35) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by $1.41. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.22 billion. AMC Entertainment Holdings had a return on equity of 6.52% and a net margin of 2.56%. The company’s 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. On average, equities research analysts forecast that AMC Entertainment Holdings, Inc. will post ($1.03) earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Monday, September 11th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.92%. The ex-dividend date of this dividend is Friday, September 8th. AMC Entertainment Holdings’s dividend payout ratio is currently 84.21%.

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

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Several research analysts recently issued reports on AMC shares. B. Riley reissued a “buy” rating and set a $49.50 price target on shares of AMC Entertainment Holdings in a report on Monday, May 1st. FBR & Co reissued a “buy” rating and set a $37.00 price target on shares of AMC Entertainment Holdings in a report on Friday, April 21st. Citigroup Inc. cut their price target on shares of AMC Entertainment Holdings from $36.00 to $35.00 and set a “buy” rating for the company in a report on Friday, June 9th. MKM Partners reissued a “buy” rating and set a $36.00 price target (down from $45.00) on shares of AMC Entertainment Holdings in a report on Friday, June 9th. Finally, Loop Capital reissued a “buy” rating and set a $39.00 price target on shares of AMC Entertainment Holdings in a report on Monday, July 10th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $31.46.

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

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.

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

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