Northern Trust Corp raised its holdings in shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) by 72.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,494,237 shares of the company’s stock after acquiring an additional 629,486 shares during the quarter. Northern Trust Corp owned approximately 1.14% of AMC Entertainment Holdings worth $33,994,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of AMC. Wells Fargo & Company MN raised its holdings in AMC Entertainment Holdings by 70.4% during the first quarter. Wells Fargo & Company MN now owns 48,634 shares of the company’s stock valued at $1,529,000 after acquiring an additional 20,090 shares during the period. Great West Life Assurance Co. Can raised its holdings in AMC Entertainment Holdings by 241.8% during the first 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. Bank of New York Mellon Corp raised its holdings in AMC Entertainment Holdings by 35.7% during the first quarter. Bank of New York Mellon Corp now owns 440,593 shares of the company’s stock valued at $13,856,000 after acquiring an additional 115,861 shares during the period. Swiss National Bank raised its holdings in AMC Entertainment Holdings by 100.8% during the first quarter. Swiss National Bank now owns 85,641 shares of the company’s stock valued at $2,693,000 after acquiring an additional 43,000 shares during the period. Finally, Parametric Portfolio Associates LLC raised its holdings in AMC Entertainment Holdings by 29.5% during the first quarter. Parametric Portfolio Associates LLC now owns 98,304 shares of the company’s stock valued at $3,092,000 after acquiring an additional 22,400 shares during the period. 47.02% of the stock is currently owned by institutional investors and hedge funds.

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) opened at 13.75 on Monday. The firm’s 50-day moving average price is $14.75 and its 200 day moving average price is $21.39. The company’s market capitalization is $1.80 billion. AMC Entertainment Holdings, Inc. has a 52 week low of $12.05 and a 52 week high of $35.65.

AMC Entertainment Holdings (NYSE:AMC) last released its quarterly earnings data on Friday, August 4th. The company reported ($1.35) EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($1.41). The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.22 billion. AMC Entertainment Holdings had a negative net margin of 2.49% and a negative return on equity of 3.44%. The firm’s revenue was up 57.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.24 EPS. Equities analysts predict that AMC Entertainment Holdings, Inc. will post ($1.01) EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 27th. Shareholders of record on Monday, September 11th were issued a $0.20 dividend. The ex-dividend date of this dividend was Friday, September 8th. This represents a $0.80 dividend on an annualized basis and a yield of 5.82%. AMC Entertainment Holdings’s payout ratio is -125.00%.

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

ILLEGAL ACTIVITY WARNING: This piece of content was originally posted by Daily Political and is owned by of Daily Political. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of U.S. and international trademark & copyright law. The legal version of this piece of content can be viewed at https://www.dailypolitical.com/2017/10/16/amc-entertainment-holdings-inc-amc-holdings-raised-by-northern-trust-corp.html.

In other news, major shareholder American Multi-Cinema, Inc. sold 12,000,000 shares of the firm’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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Adam M. Aron purchased 35,000 shares of the business’s stock in a transaction dated Thursday, September 14th. The shares were purchased at an average price of $15.79 per share, with a total value of $552,650.00. Following the acquisition, the chief executive officer now directly owns 125,426 shares in the company, valued at $1,980,476.54. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 62,000 shares of company stock valued at $896,940. 0.80% of the stock is owned by insiders.

AMC has been the topic of several research reports. B. Riley reaffirmed a “buy” rating and issued a $32.50 target price (down from $42.50) on shares of AMC Entertainment Holdings in a report on Monday, July 31st. William Blair initiated coverage on AMC Entertainment Holdings in a report on Friday, July 21st. They issued a “market perform” rating on the stock. Zacks Investment Research raised AMC Entertainment Holdings from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Credit Suisse Group reduced their target price on AMC Entertainment Holdings from $26.00 to $20.00 and set an “underperform” rating on the stock in a report on Friday, June 23rd. Finally, ValuEngine cut AMC Entertainment Holdings from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. 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’s stock. AMC Entertainment Holdings presently has a consensus rating of “Hold” and a consensus target price of $27.39.

About AMC Entertainment Holdings

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.

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

Receive News & Ratings for AMC Entertainment Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMC Entertainment Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.