Quantitative Investment Management LLC lessened its position in shares of AMC Entertainment Holdings Inc (NYSE:AMC) by 29.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 536,800 shares of the company’s stock after selling 227,700 shares during the period. Quantitative Investment Management LLC owned approximately 0.42% of AMC Entertainment worth $8,105,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently modified their holdings of the company. Deprince Race & Zollo Inc. bought a new position in AMC Entertainment in the 4th quarter valued at approximately $151,000. Pitcairn Co. bought a new position in AMC Entertainment in the 4th quarter valued at approximately $238,000. Teacher Retirement System of Texas bought a new position in AMC Entertainment in the 4th quarter valued at approximately $275,000. Gamco Investors INC. ET AL lifted its stake in AMC Entertainment by 26.7% in the 4th quarter. Gamco Investors INC. ET AL now owns 19,000 shares of the company’s stock valued at $287,000 after purchasing an additional 4,000 shares during the last quarter. Finally, Independent Advisor Alliance bought a new position in AMC Entertainment in the 3rd quarter valued at approximately $291,000. 43.33% of the stock is owned by institutional investors.
Shares of AMC Entertainment Holdings Inc (NYSE AMC) opened at $15.70 on Monday. The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.62 and a current ratio of 0.62. AMC Entertainment Holdings Inc has a 12-month low of $10.80 and a 12-month high of $32.10.
The business also recently declared a quarterly dividend, which will be paid on Monday, March 26th. Shareholders of record on Monday, March 12th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 5.10%. The ex-dividend date is Friday, March 9th. AMC Entertainment’s payout ratio is -21.33%.
Several equities analysts have recently issued reports on AMC shares. B. Riley reaffirmed a “buy” rating and set a $27.50 price target (down previously from $30.00) on shares of AMC Entertainment in a research note on Friday, March 2nd. Zacks Investment Research downgraded shares of AMC Entertainment from a “buy” rating to a “hold” rating in a research note on Tuesday, January 23rd. Wedbush set a $19.00 price target on shares of AMC Entertainment and gave the company a “buy” rating in a research note on Tuesday, February 20th. Finally, Royal Bank of Canada downgraded shares of AMC Entertainment from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, January 10th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $23.04.
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AMC Entertainment 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.
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