Credit Suisse AG raised its position in shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) by 128.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,993 shares of the company’s stock after buying an additional 31,506 shares during the period. Credit Suisse AG’s holdings in AMC Entertainment Holdings were worth $1,760,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. BlackRock Inc. raised its position in shares of AMC Entertainment Holdings by 46,484.0% in the first quarter. BlackRock Inc. now owns 3,352,184 shares of the company’s stock worth $105,428,000 after buying an additional 3,344,988 shares during the period. Vanguard Group Inc. raised its position in shares of AMC Entertainment Holdings by 59.8% in the first quarter. Vanguard Group Inc. now owns 4,840,316 shares of the company’s stock worth $152,228,000 after buying an additional 1,811,552 shares during the period. Asturias Capital LLC acquired a new position in shares of AMC Entertainment Holdings during the first quarter worth about $20,796,000. Rothschild Asset Management Inc. raised its position in shares of AMC Entertainment Holdings by 237.3% in the first quarter. Rothschild Asset Management Inc. now owns 689,915 shares of the company’s stock worth $21,698,000 after buying an additional 485,352 shares during the period. Finally, State Street Corp raised its position in shares of AMC Entertainment Holdings by 84.1% in the first quarter. State Street Corp now owns 965,230 shares of the company’s stock worth $30,356,000 after buying an additional 441,025 shares during the period. Hedge funds and other institutional investors own 42.02% of the company’s stock.

Shares of AMC Entertainment Holdings, Inc. (AMC) traded down 2.77% during mid-day trading on Friday, hitting $14.05. The company’s stock had a trading volume of 3,632,723 shares. The stock has a 50-day moving average of $20.21 and a 200-day moving average of $26.86. The company’s market cap is $1.84 billion. AMC Entertainment Holdings, Inc. has a 12-month low of $13.65 and a 12-month high of $35.65.

AMC Entertainment Holdings (NYSE:AMC) last issued 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. AMC Entertainment Holdings had a negative net margin of 2.49% and a negative return on equity of 3.44%. The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the prior year, the company earned $0.24 earnings per share. The firm’s revenue was up 57.3% compared to the same quarter last year. On average, equities research analysts forecast that AMC Entertainment Holdings, Inc. will post ($1.04) EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 27th. Stockholders of record on Monday, September 11th will be given a $0.20 dividend. The ex-dividend date of this dividend is Friday, September 8th. This represents a $0.80 annualized dividend and a dividend yield of 5.69%. AMC Entertainment Holdings’s dividend payout ratio is currently -125.00%.

AMC Entertainment Holdings declared that its board has approved a stock buyback plan on Thursday, August 3rd that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to purchase up to 58% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued.

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AMC has been the topic of a number of recent analyst reports. Zacks Investment Research lowered AMC Entertainment Holdings from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 1st. Loop Capital reiterated a “buy” rating and set a $39.00 target price on shares of AMC Entertainment Holdings in a research report on Monday, July 10th. Barclays PLC increased their target price on AMC Entertainment Holdings from $30.00 to $36.00 and gave the company an “overweight” rating in a research report on Monday, April 17th. FBR & Co reiterated a “buy” rating and set a $37.00 target price on shares of AMC Entertainment Holdings in a research report on Friday, April 21st. Finally, TheStreet lowered AMC Entertainment Holdings from a “b-” rating to a “c+” rating in a research report on Friday, May 19th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $29.96.

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

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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