NumerixS Investment Technologies Inc increased its holdings in shares of AMC Entertainment Holdings Inc (NYSE:AMC) by 61.5% in the 1st quarter, Holdings Channel reports. The firm owned 12,600 shares of the company’s stock after acquiring an additional 4,800 shares during the period. NumerixS Investment Technologies Inc’s holdings in AMC Entertainment were worth $186,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Oppenheimer Asset Management Inc. acquired a new position in shares of AMC Entertainment during the fourth quarter valued at approximately $75,000. Advisors Asset Management Inc. grew its position in AMC Entertainment by 373.1% in the fourth quarter. Advisors Asset Management Inc. now owns 204,939 shares of the company’s stock worth $2,517,000 after buying an additional 161,620 shares during the last quarter. Rhumbline Advisers grew its position in AMC Entertainment by 41.8% in the fourth quarter. Rhumbline Advisers now owns 77,402 shares of the company’s stock worth $950,000 after buying an additional 22,819 shares during the last quarter. Pinnacle Associates Ltd. grew its position in AMC Entertainment by 51.5% in the fourth quarter. Pinnacle Associates Ltd. now owns 106,365 shares of the company’s stock worth $1,306,000 after buying an additional 36,153 shares during the last quarter. Finally, Cim Investment Mangement Inc. grew its position in AMC Entertainment by 57.4% in the fourth quarter. Cim Investment Mangement Inc. now owns 32,808 shares of the company’s stock worth $403,000 after buying an additional 11,969 shares during the last quarter. Institutional investors and hedge funds own 49.23% of the company’s stock.

Several research firms have issued reports on AMC. MKM Partners decreased their price target on shares of AMC Entertainment from $17.00 to $16.00 and set a “neutral” rating on the stock in a research report on Friday, April 12th. ValuEngine upgraded shares of AMC Entertainment from a “hold” rating to a “buy” rating in a research report on Tuesday, April 9th. Imperial Capital lifted their price objective on shares of AMC Entertainment from $22.00 to $23.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. Wedbush reiterated an “outperform” rating and set a $20.00 price objective (down from $22.00) on shares of AMC Entertainment in a research report on Monday, April 29th. Finally, B. Riley upgraded shares of AMC Entertainment from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $18.00 to $20.00 in a research report on Monday, April 8th. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. AMC Entertainment has an average rating of “Hold” and an average price target of $18.78.

In related news, Director Raymond C. Stachowiak bought 160,559 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was bought at an average price of $2.73 per share, with a total value of $438,326.07. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.80% of the company’s stock.

Shares of NYSE:AMC traded down $0.24 during trading on Wednesday, reaching $10.80. 673,352 shares of the company traded hands, compared to its average volume of 1,618,666. The firm has a market capitalization of $1.13 billion, a P/E ratio of 83.08 and a beta of 1.11. AMC Entertainment Holdings Inc has a 1-year low of $10.70 and a 1-year high of $21.45. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 7.43.

AMC Entertainment (NYSE:AMC) last issued its earnings results on Thursday, May 9th. The company reported ($1.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.51) by ($0.74). The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.19 billion. AMC Entertainment had a negative net margin of 0.72% and a negative return on equity of 11.59%. The company’s quarterly revenue was down 13.2% on a year-over-year basis. During the same period last year, the business earned $0.14 EPS. Equities research analysts expect that AMC Entertainment Holdings Inc will post -0.57 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Monday, June 10th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 7.41%. The ex-dividend date of this dividend is Friday, June 7th. AMC Entertainment’s dividend payout ratio (DPR) is currently 615.38%.

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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.

Further Reading: What is meant by holder of record?

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

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