Mittleman Brothers LLC boosted its position in AMC Entertainment Holdings, Inc. (NYSE:AMC) by 90.1% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 1,442,941 shares of the company’s stock after purchasing an additional 684,072 shares during the period. AMC Entertainment Holdings comprises 17.9% of Mittleman Brothers LLC’s investment portfolio, making the stock its 2nd biggest position. Mittleman Brothers LLC owned approximately 1.10% of AMC Entertainment Holdings worth $32,827,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Pacer Advisors Inc. grew its position 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 during the period. Ameritas Investment Partners Inc. bought a new position in shares of AMC Entertainment Holdings during the 1st quarter valued at approximately $141,000. BNP Paribas Arbitrage SA grew its position in shares of AMC Entertainment Holdings by 574.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,109 shares of the company’s stock valued at $162,000 after acquiring an additional 6,055 shares during the period. Nisa Investment Advisors LLC grew its position in shares of AMC Entertainment Holdings by 1,837.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 7,170 shares of the company’s stock valued at $163,000 after acquiring an additional 6,800 shares during the period. Finally, Great West Life Assurance Co. Can grew its position 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 during the period. 46.96% of the stock is owned by institutional investors and hedge funds.

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A number of research analysts have recently weighed in on the stock. Barclays PLC set a $16.00 target price on shares of AMC Entertainment Holdings and gave the company a “hold” rating in a research report on Tuesday, August 29th. B. Riley reissued a “buy” rating and set a $32.50 target price on shares of AMC Entertainment Holdings in a research report on Thursday, August 10th. Barrington Research reissued an “outperform” rating and set a $23.00 target price on shares of AMC Entertainment Holdings in a research report on Tuesday, August 8th. Loop Capital reissued a “buy” rating and set a $33.00 target price (down from $39.00) on shares of AMC Entertainment Holdings in a research report on Tuesday, August 8th. Finally, Royal Bank Of Canada reduced their target price on shares of AMC Entertainment Holdings from $30.00 to $22.00 and set an “outperform” rating for the company in a research report on Tuesday, August 8th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company. AMC Entertainment Holdings has a consensus rating of “Hold” and a consensus price target of $29.36.

AMC Entertainment Holdings, Inc. (NYSE:AMC) traded up 4.87% during mid-day trading on Monday, reaching $14.00. 901,494 shares of the company’s stock traded hands. AMC Entertainment Holdings, Inc. has a 12-month low of $12.05 and a 12-month high of $35.65. The company’s market cap is $1.83 billion. The stock has a 50 day moving average of $15.32 and a 200 day moving average of $24.15.

AMC Entertainment Holdings (NYSE:AMC) last posted its quarterly earnings results on Friday, August 4th. The company reported ($1.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by $1.41. AMC Entertainment Holdings had a negative return on equity of 3.44% and a negative net margin of 2.49%. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the prior year, the business posted $0.24 earnings per share. The business’s quarterly revenue was up 57.3% compared to the same quarter last year. On average, equities research analysts predict that AMC Entertainment Holdings, Inc. will post ($1.03) earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 27th. Shareholders of record on Monday, September 11th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 5.99%. The ex-dividend date of this dividend is Friday, September 8th. AMC Entertainment Holdings’s dividend payout ratio is presently -125.00%.

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

In other news, Director Jack Qunyao Gao acquired 20,000 shares of the company’s stock in a transaction dated Friday, August 18th. The shares were acquired at an average price of $12.50 per share, with a total value of $250,000.00. Following the purchase, the director now directly owns 30,500 shares of the company’s stock, valued at $381,250. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 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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