California Public Employees Retirement System reduced its stake in shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) by 6.6% during the first quarter, Holdings Channel reports. The fund owned 34,034 shares of the company’s stock after selling 2,400 shares during the period. California Public Employees Retirement System’s holdings in AMC Entertainment Holdings were worth $1,070,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. TIAA CREF Investment Management LLC boosted its stake in AMC Entertainment Holdings by 62.5% in the first quarter. TIAA CREF Investment Management LLC now owns 188,788 shares of the company’s stock valued at $5,937,000 after buying an additional 72,618 shares during the last quarter. Teachers Advisors LLC boosted its stake in AMC Entertainment Holdings by 81.6% in the first quarter. Teachers Advisors LLC now owns 90,231 shares of the company’s stock valued at $2,838,000 after buying an additional 40,538 shares during the last quarter. LMR Partners LLP purchased a new stake in AMC Entertainment Holdings during the first quarter valued at approximately $2,192,000. Spark Investment Management LLC purchased a new stake in AMC Entertainment Holdings during the first quarter valued at approximately $3,538,000. Finally, Alliancebernstein L.P. boosted its stake in AMC Entertainment Holdings by 74.7% in the first quarter. Alliancebernstein L.P. now owns 75,348 shares of the company’s stock valued at $2,370,000 after buying an additional 32,223 shares during the last quarter. Hedge funds and other institutional investors own 42.02% of the company’s stock.

AMC Entertainment Holdings, Inc. (NYSE:AMC) traded down 2.77% on Friday, hitting $14.05. The company 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 stock’s market capitalization is $1.84 billion. AMC Entertainment Holdings, Inc. has a one year low of $13.65 and a one year high of $35.65.

AMC Entertainment Holdings (NYSE:AMC) last posted its earnings results on Friday, August 4th. The company reported ($1.35) earnings per share for the quarter, missing the Zacks’ 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 the consensus estimate of $1.22 billion. During the same quarter in the prior year, the business earned $0.24 EPS. The firm’s revenue for the quarter was up 57.3% compared to the same quarter last year. Equities analysts anticipate that AMC Entertainment Holdings, Inc. will post ($1.04) EPS for the current year.

The firm also recently declared 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. The ex-dividend date of this dividend is Friday, September 8th. This represents a $0.80 dividend on an annualized basis and a yield of 5.69%. AMC Entertainment Holdings’s dividend payout ratio (DPR) is currently -125.00%.

AMC Entertainment Holdings announced that its Board of Directors has approved a share buyback program on Thursday, August 3rd that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 58% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

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Several equities research analysts have commented on the company. B. Riley restated a “buy” rating and issued a $32.50 target price on shares of AMC Entertainment Holdings in a research note on Thursday. Barrington Research restated an “outperform” rating and issued a $23.00 target price on shares of AMC Entertainment Holdings in a research note on Tuesday. Loop Capital restated a “buy” rating and issued a $33.00 target price (down previously from $39.00) on shares of AMC Entertainment Holdings in a research note on Tuesday. Royal Bank Of Canada cut their target price on AMC Entertainment Holdings from $30.00 to $22.00 and set an “outperform” rating on the stock in a research note on Tuesday. Finally, Wedbush restated a “buy” rating and issued a $22.75 target price (down previously from $36.00) on shares of AMC Entertainment Holdings in a research note on Tuesday. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $29.96.

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