Gamco Investors INC. ET AL lifted its position in shares of AMC Entertainment Holdings Inc (NYSE:AMC) by 1.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 179,000 shares of the company’s stock after buying an additional 3,200 shares during the quarter. Gamco Investors INC. ET AL owned about 0.17% of AMC Entertainment worth $1,915,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of AMC. NEXT Financial Group Inc increased its position in shares of AMC Entertainment by 253.8% during the third quarter. NEXT Financial Group Inc now owns 3,485 shares of the company’s stock worth $37,000 after buying an additional 2,500 shares during the period. PARK CIRCLE Co increased its position in shares of AMC Entertainment by 22.2% during the second quarter. PARK CIRCLE Co now owns 5,500 shares of the company’s stock worth $51,000 after buying an additional 1,000 shares during the period. Meeder Asset Management Inc. increased its position in shares of AMC Entertainment by 126.1% during the third quarter. Meeder Asset Management Inc. now owns 8,726 shares of the company’s stock worth $93,000 after buying an additional 4,867 shares during the period. BBT Capital Management LLC acquired a new stake in shares of AMC Entertainment during the second quarter worth $109,000. Finally, Clear Street Markets LLC acquired a new stake in AMC Entertainment in the third quarter worth $119,000. Institutional investors own 50.00% of the company’s stock.
A number of equities research analysts have commented on AMC shares. Wedbush set a $15.00 price target on shares of AMC Entertainment and gave the stock a “buy” rating in a report on Monday, October 21st. B. Riley restated a “buy” rating and issued a $22.00 price target (up from $19.00) on shares of AMC Entertainment in a report on Friday, August 9th. ValuEngine cut shares of AMC Entertainment from a “strong-buy” rating to a “buy” rating in a report on Friday, September 6th. Zacks Investment Research upgraded shares of AMC Entertainment from a “sell” rating to a “hold” rating in a report on Thursday. Finally, Bank of America reduced their price target on shares of AMC Entertainment from $17.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $15.50.
AMC Entertainment (NYSE:AMC) last released its quarterly earnings data 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). AMC Entertainment had a negative net margin of 0.20% and a negative return on equity of 10.94%. The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period last year, the business posted ($0.82) earnings per share. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. As a group, research analysts forecast that AMC Entertainment Holdings Inc will post -0.93 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders 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 8.32%. The ex-dividend date is Friday, November 29th. AMC Entertainment’s dividend payout ratio (DPR) is 615.38%.
AMC Entertainment 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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