AMC Entertainment Holdings Inc (NYSE:AMC) Stock Holdings Increased by California Public Employees Retirement System

California Public Employees Retirement System lifted its stake in AMC Entertainment Holdings Inc (NYSE:AMC) by 31.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 37,390 shares of the company’s stock after purchasing an additional 9,000 shares during the quarter. California Public Employees Retirement System’s holdings in AMC Entertainment were worth $400,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. WBI Investments Inc. acquired a new position in AMC Entertainment in the 3rd quarter valued at approximately $1,140,000. Commonwealth Equity Services LLC purchased a new position in shares of AMC Entertainment during the 3rd quarter valued at $233,000. Zeke Capital Advisors LLC grew its holdings in shares of AMC Entertainment by 4,961.7% during the 3rd quarter. Zeke Capital Advisors LLC now owns 946,543 shares of the company’s stock valued at $10,128,000 after acquiring an additional 927,843 shares in the last quarter. NEXT Financial Group Inc increased its stake in shares of AMC Entertainment by 253.8% in the third quarter. NEXT Financial Group Inc now owns 3,485 shares of the company’s stock worth $37,000 after acquiring an additional 2,500 shares during the last quarter. Finally, Royal Bank of Canada increased its stake in shares of AMC Entertainment by 140.5% in the second quarter. Royal Bank of Canada now owns 44,055 shares of the company’s stock worth $411,000 after acquiring an additional 25,735 shares during the last quarter. Institutional investors and hedge funds own 50.60% of the company’s stock.

AMC Entertainment stock opened at $7.87 on Friday. AMC Entertainment Holdings Inc has a one year low of $7.47 and a one year high of $17.07. The company’s fifty day moving average price is $8.99 and its two-hundred day moving average price is $10.42. The company has a debt-to-equity ratio of 8.16, a current ratio of 0.27 and a quick ratio of 0.27. The company has a market capitalization of $823.52 million, a price-to-earnings ratio of 60.54 and a beta of 0.76.

AMC Entertainment (NYSE:AMC) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($0.53) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.42) by ($0.11). The company had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.31 billion. AMC Entertainment had a negative return on equity of 8.31% and a net margin of 0.64%. AMC Entertainment’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.82) EPS. As a group, sell-side analysts anticipate that AMC Entertainment Holdings Inc will post -1.13 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 10.17%. The ex-dividend date of this dividend is Friday, November 29th. AMC Entertainment’s payout ratio is 615.38%.

A number of analysts recently issued reports on AMC shares. Zacks Investment Research raised AMC Entertainment from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. Goldman Sachs Group set a $11.00 target price on AMC Entertainment and gave the stock a “hold” rating in a research report on Tuesday, October 15th. TheStreet downgraded AMC Entertainment from a “c-” rating to a “d” rating in a research note on Monday, November 18th. Barrington Research reiterated a “buy” rating and set a $16.00 price target on shares of AMC Entertainment in a report on Thursday, August 8th. Finally, Wedbush set a $15.00 price target on AMC Entertainment and gave the company a “buy” rating in a research note on Monday, October 21st. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $15.00.

AMC Entertainment Company Profile

AMC Entertainment Holdings, Inc, through its subsidiaries, involved in the theatrical exhibition business. The company owns, operates, or has interests in theatres. As of December 31, 2018, it owned, operated, or had interests in 637 theatres with a total of 8,114 screens in the United States; and 369 theatres and 2,977 screens in European markets.

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

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