Virginia Retirement Systems ET AL Purchases 200 Shares of AMC Entertainment Holdings, Inc. (AMC)

Virginia Retirement Systems ET AL raised its position in AMC Entertainment Holdings, Inc. (NYSE:AMC) by 1.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,700 shares of the company’s stock after purchasing an additional 200 shares during the period. Virginia Retirement Systems ET AL’s holdings in AMC Entertainment Holdings were worth $243,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. purchased a new position in AMC Entertainment Holdings in the 1st quarter valued at about $141,000. Pacer Advisors Inc. purchased a new position in AMC Entertainment Holdings in the 1st quarter valued at about $157,000. Great West Life Assurance Co. Can lifted its holdings in AMC Entertainment Holdings by 241.8% in the 1st quarter. Great West Life Assurance Co. Can now owns 5,558 shares of the company’s stock valued at $174,000 after purchasing an additional 3,932 shares in the last quarter. BNP Paribas Arbitrage SA lifted its holdings in AMC Entertainment Holdings by 574.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,109 shares of the company’s stock valued at $162,000 after purchasing an additional 6,055 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in AMC Entertainment Holdings by 1,837.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 7,170 shares of the company’s stock valued at $163,000 after purchasing an additional 6,800 shares in the last quarter. Institutional investors own 46.96% of the company’s stock.

AMC Entertainment Holdings, Inc. (NYSE:AMC) opened at 14.10 on Tuesday. The stock’s 50 day moving average is $15.32 and its 200 day moving average is $24.10. The stock’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 announced its quarterly earnings results on Friday, August 4th. The company reported ($1.35) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by $1.41. The firm had revenue of $1.20 billion for 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 quarterly revenue was up 57.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.24 earnings per share. On average, equities analysts forecast that AMC Entertainment Holdings, Inc. will post ($1.03) EPS for the current year.

AMC Entertainment Holdings announced that its board has authorized a stock buyback program on Thursday, August 3rd that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to purchase up to 58% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its shares are undervalued.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 27th. Stockholders of record on Monday, September 11th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, September 8th. This represents a $0.80 annualized dividend and a dividend yield of 5.67%. AMC Entertainment Holdings’s dividend payout ratio is -125.00%.

AMC has been the topic of a number of recent research reports. Citigroup Inc. restated a “buy” rating and issued a $30.00 target price (down from $35.00) on shares of AMC Entertainment Holdings in a report on Saturday, July 22nd. Loop Capital restated a “buy” rating and issued a $39.00 target price on shares of AMC Entertainment Holdings in a report on Monday, July 10th. MKM Partners restated a “buy” rating and issued a $36.00 target price (down from $45.00) on shares of AMC Entertainment Holdings in a report on Friday, June 9th. B. Riley restated 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. Finally, Wedbush restated a “buy” rating on shares of AMC Entertainment Holdings in a report on Wednesday, August 2nd. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $28.76.

In related news, Director Jack Qunyao Gao bought 20,000 shares of AMC Entertainment Holdings stock in a transaction that occurred on Friday, August 18th. The stock was purchased at an average cost of $12.50 per share, for a total transaction of $250,000.00. Following the acquisition, the director now owns 30,500 shares in the company, valued at $381,250. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.80% of the stock is owned by insiders.

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AMC Entertainment Holdings 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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