Fox Run Management L.L.C. Purchases Shares of 35,000 AMC Entertainment Holdings, Inc. (AMC)

Fox Run Management L.L.C. purchased a new position in AMC Entertainment Holdings, Inc. (NYSE:AMC) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 35,000 shares of the company’s stock, valued at approximately $515,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Federated Investors Inc. PA raised its position in shares of AMC Entertainment Holdings by 272.8% in the 2nd quarter. Federated Investors Inc. PA now owns 463,400 shares of the company’s stock worth $10,542,000 after purchasing an additional 339,100 shares during the last quarter. Thompson Siegel & Walmsley LLC raised its position in shares of AMC Entertainment Holdings by 15.7% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 908,121 shares of the company’s stock worth $20,660,000 after purchasing an additional 123,028 shares during the last quarter. Brookstone Capital Management purchased a new position in shares of AMC Entertainment Holdings in the 2nd quarter worth about $269,000. B. Riley Financial Inc. raised its position in shares of AMC Entertainment Holdings by 56.3% in the 2nd quarter. B. Riley Financial Inc. now owns 25,985 shares of the company’s stock worth $591,000 after purchasing an additional 9,364 shares during the last quarter. Finally, Alliancebernstein L.P. raised its position in shares of AMC Entertainment Holdings by 74.7% in the 1st quarter. Alliancebernstein L.P. now owns 75,348 shares of the company’s stock worth $2,370,000 after purchasing an additional 32,223 shares during the last quarter. 46.82% of the stock is owned by hedge funds and other institutional investors.

AMC has been the subject of several recent analyst reports. Loop Capital reaffirmed a “buy” rating and issued a $33.00 price target (down previously from $39.00) on shares of AMC Entertainment Holdings in a research report on Wednesday, August 2nd. Wedbush set a $23.00 price target on AMC Entertainment Holdings and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. B. Riley reaffirmed a “buy” rating and issued a $32.50 price target (down previously from $42.50) on shares of AMC Entertainment Holdings in a research report on Monday, July 31st. Citigroup Inc. reaffirmed a “buy” rating and issued a $30.00 price target (down previously from $35.00) on shares of AMC Entertainment Holdings in a research report on Saturday, July 22nd. Finally, MKM Partners reaffirmed a “buy” rating and issued a $28.00 price target on shares of AMC Entertainment Holdings in a research report on Monday, September 18th. Three investment analysts have rated the stock with a sell rating, five have issued 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 $26.46.

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In other news, major shareholder American Multi-Cinema, Inc. sold 12,000,000 shares of the firm’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $6.09, for a total value of $73,080,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Adam M. Aron acquired 35,000 shares of AMC Entertainment Holdings stock in a transaction dated Thursday, September 14th. The stock was purchased at an average price of $15.79 per share, with a total value of $552,650.00. Following the completion of the purchase, the chief executive officer now owns 125,426 shares of the company’s stock, valued at $1,980,476.54. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 62,000 shares of company stock valued at $896,940. Company insiders own 0.80% of the company’s stock.

AMC Entertainment Holdings, Inc. (NYSE:AMC) opened at 13.90 on Tuesday. AMC Entertainment Holdings, Inc. has a 12 month low of $12.05 and a 12 month high of $35.65. The stock’s market cap is $1.82 billion. The firm has a 50-day moving average price of $14.82 and a 200-day moving average price of $20.05.

AMC Entertainment Holdings (NYSE:AMC) last issued its quarterly earnings results on Friday, August 4th. The company reported ($1.35) earnings per share for the quarter, missing the 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 return on equity of 3.44% and a negative net margin of 2.49%. AMC Entertainment Holdings’s revenue was up 57.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.24 EPS. Equities research analysts expect that AMC Entertainment Holdings, Inc. will post ($1.12) earnings per share for the current fiscal year.

AMC Entertainment Holdings declared that its Board of Directors has initiated a stock repurchase program on Thursday, August 3rd that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to repurchase up to 58% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

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.

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

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