K.J. Harrison & Partners Inc Has $2.14 Million Holdings in AMC Entertainment Holdings, Inc. (AMC)

K.J. Harrison & Partners Inc lessened its stake in AMC Entertainment Holdings, Inc. (NYSE:AMC) by 48.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 145,540 shares of the company’s stock after selling 135,090 shares during the period. K.J. Harrison & Partners Inc owned about 0.11% of AMC Entertainment Holdings worth $2,139,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AMC. Parametric Portfolio Associates LLC grew its position in shares of AMC Entertainment Holdings by 29.5% in the 1st quarter. Parametric Portfolio Associates LLC now owns 98,304 shares of the company’s stock valued at $3,092,000 after buying an additional 22,400 shares during the last quarter. Prudential Financial Inc. grew its position in shares of AMC Entertainment Holdings by 67.1% in the 1st quarter. Prudential Financial Inc. now owns 30,779 shares of the company’s stock valued at $968,000 after buying an additional 12,360 shares during the last quarter. Alliancebernstein L.P. grew 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 valued at $2,370,000 after buying an additional 32,223 shares during the last quarter. Teachers Advisors LLC grew its position in shares of AMC Entertainment Holdings by 81.6% in the 1st 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. Finally, TIAA CREF Investment Management LLC grew its position in shares of AMC Entertainment Holdings by 62.5% in the 1st 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. Hedge funds and other institutional investors own 46.82% of the company’s stock.

AMC Entertainment Holdings, Inc. (NYSE AMC) traded up 1.44% on Tuesday, reaching $14.10. The company had a trading volume of 905,026 shares. The company’s 50 day moving average is $14.82 and its 200-day moving average is $20.05. The firm’s market capitalization is $1.84 billion. AMC Entertainment Holdings, Inc. has a one year low of $12.05 and a one year high of $35.65.

AMC Entertainment Holdings (NYSE:AMC) last issued its quarterly earnings data 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 return on equity of 3.44% and a negative net margin of 2.49%. The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter last year, the business earned $0.24 earnings per share. The business’s quarterly revenue was up 57.3% on a year-over-year basis. On average, 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 has initiated a stock buyback plan on Thursday, August 3rd that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to purchase up to 58% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board believes its shares are undervalued.

A number of research firms have commented on AMC. Zacks Investment Research lowered AMC Entertainment Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Loop Capital reissued a “buy” rating and issued a $39.00 price objective on shares of AMC Entertainment Holdings in a research note on Monday, July 10th. Barrington Research reissued an “outperform” rating and issued a $23.00 price objective on shares of AMC Entertainment Holdings in a research note on Wednesday, August 2nd. Wedbush set a $23.00 price objective on AMC Entertainment Holdings and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Finally, William Blair began coverage on AMC Entertainment Holdings in a research note on Friday, July 21st. They issued a “market perform” rating on the stock. Three analysts have rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the stock. AMC Entertainment Holdings presently has a consensus rating of “Hold” and a consensus price target of $26.46.

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In other AMC Entertainment Holdings 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 shares were sold at an average price of $6.09, for a total value of $73,080,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jack Qunyao Gao acquired 7,000 shares of the stock in a transaction on Wednesday, August 16th. The stock was bought at an average price of $13.47 per share, with a total value of $94,290.00. Following the completion of the acquisition, the director now directly owns 10,500 shares of the company’s stock, valued at $141,435. The disclosure for this purchase can be found here. Insiders acquired 62,000 shares of company stock valued at $896,940 over the last 90 days. 0.80% of the stock is currently owned by company insiders.

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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