Schwab Charles Investment Management Inc. raised its stake in AMC Entertainment Holdings Inc (NYSE:AMC) by 28.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 409,082 shares of the company’s stock after acquiring an additional 90,646 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 0.32% of AMC Entertainment worth $6,178,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of AMC. Baupost Group LLC MA bought a new position in shares of AMC Entertainment in the third quarter worth about $52,411,000. GMT Capital Corp lifted its holdings in shares of AMC Entertainment by 508.6% in the third quarter. GMT Capital Corp now owns 1,954,804 shares of the company’s stock worth $28,736,000 after acquiring an additional 1,633,604 shares during the last quarter. Janus Henderson Group PLC raised its holdings in AMC Entertainment by 47.7% in the 3rd quarter. Janus Henderson Group PLC now owns 4,142,367 shares of the company’s stock valued at $60,893,000 after buying an additional 1,338,462 shares during the last quarter. Thompson Siegel & Walmsley LLC raised its holdings in AMC Entertainment by 88.9% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 1,715,425 shares of the company’s stock valued at $25,217,000 after buying an additional 807,304 shares during the last quarter. Finally, SG Capital Management LLC bought a new position in AMC Entertainment in the 3rd quarter valued at approximately $6,243,000. 43.33% of the stock is owned by hedge funds and other institutional investors.
AMC Entertainment Holdings Inc (AMC) opened at $15.65 on Tuesday. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 2.27. AMC Entertainment Holdings Inc has a fifty-two week low of $10.80 and a fifty-two week high of $32.10. The stock has a market cap of $2,006.19, a P/E ratio of -4.17 and a beta of 0.84.
The company 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 dividend of $0.20 per share. The ex-dividend date is Friday, March 9th. This represents a $0.80 annualized dividend and a yield of 5.11%. AMC Entertainment’s payout ratio is -21.33%.
A number of brokerages recently issued reports on AMC. Zacks Investment Research lowered shares of AMC Entertainment from a “hold” rating to a “sell” rating in a report on Monday. B. Riley reiterated a “buy” rating and issued a $27.50 price objective (down previously from $30.00) on shares of AMC Entertainment in a report on Friday, March 2nd. Wedbush set a $19.00 price objective on shares of AMC Entertainment and gave the company a “buy” rating in a report on Tuesday, February 20th. Finally, Royal Bank of Canada lowered shares of AMC Entertainment from an “outperform” rating to a “sector perform” rating in a report on Wednesday, January 10th. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company’s stock. AMC Entertainment currently has a consensus rating of “Hold” and a consensus price target of $23.04.
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AMC Entertainment 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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