GSA Capital Partners LLP Invests $1.92 Million in AMC Entertainment Holdings, Inc. (AMC) Stock
GSA Capital Partners LLP purchased a new position in AMC Entertainment Holdings, Inc. (NYSE:AMC) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 84,348 shares of the company’s stock, valued at approximately $1,919,000. GSA Capital Partners LLP owned about 0.06% of AMC Entertainment Holdings as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also bought and sold shares of the company. Seven Eight Capital LP acquired a new position in AMC Entertainment Holdings in the second quarter worth approximately $125,000. Pacer Advisors Inc. grew its position in AMC Entertainment Holdings by 12.0% in the second quarter. Pacer Advisors Inc. now owns 5,600 shares of the company’s stock worth $127,000 after buying an additional 601 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new position in AMC Entertainment Holdings in the first quarter worth approximately $141,000. BNP Paribas Arbitrage SA grew its position in AMC Entertainment Holdings by 574.5% in the second quarter. BNP Paribas Arbitrage SA now owns 7,109 shares of the company’s stock worth $162,000 after buying an additional 6,055 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its position in AMC Entertainment Holdings by 1,837.8% in the second quarter. Nisa Investment Advisors LLC now owns 7,170 shares of the company’s stock worth $163,000 after buying an additional 6,800 shares during the last quarter. Hedge funds and other institutional investors own 46.95% of the company’s stock.
AMC Entertainment Holdings, Inc. (AMC) opened at 15.80 on Friday. The firm’s market cap is $2.07 billion. AMC Entertainment Holdings, Inc. has a 1-year low of $12.05 and a 1-year high of $35.65. The company has a 50-day moving average of $14.45 and a 200-day moving average of $23.38.
AMC Entertainment Holdings (NYSE:AMC) last issued its earnings results on Friday, August 4th. The company reported ($1.35) 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 firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the previous year, the company posted $0.24 EPS. The firm’s revenue for the quarter was up 57.3% on a year-over-year basis. Analysts predict that AMC Entertainment Holdings, Inc. will post ($1.02) earnings per share for the current year.
AMC Entertainment Holdings announced that its Board of Directors has initiated a stock buyback program on Thursday, August 3rd that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to buy up to 58% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 27th. Shareholders of record on Monday, September 11th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 5.21%. The ex-dividend date is Friday, September 8th. AMC Entertainment Holdings’s payout ratio is presently -125.00%.
In other news, Director Jack Qunyao Gao bought 7,000 shares of the stock in a transaction on Wednesday, August 16th. The stock was purchased at an average price of $13.47 per share, with a total value of $94,290.00. Following the completion of the purchase, the director now owns 10,500 shares of the company’s stock, valued at $141,435. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder American Multi-Cinema, Inc. sold 12,000,000 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $6.09, for a total transaction of $73,080,000.00. The disclosure for this sale can be found here. Insiders acquired 62,000 shares of company stock valued at $896,940 in the last ninety days. Insiders own 0.80% of the company’s stock.
AMC has been the topic of several recent research reports. Barclays PLC set a $16.00 price target on shares of AMC Entertainment Holdings and gave the stock a “hold” rating in a research report on Tuesday, August 29th. Zacks Investment Research upgraded shares of AMC Entertainment Holdings from a “sell” rating to a “hold” rating in a research report on Monday, June 26th. Citigroup Inc. restated a “buy” rating and issued a $21.00 price target (down previously from $30.00) on shares of AMC Entertainment Holdings in a research report on Monday, September 11th. Loop Capital restated a “buy” rating and issued a $39.00 price target on shares of AMC Entertainment Holdings in a research report on Monday, July 10th. Finally, Credit Suisse Group decreased their price target on shares of AMC Entertainment Holdings from $26.00 to $20.00 and set an “underperform” rating on the stock in a research report on Friday, June 23rd. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $28.23.
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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