Ceredex Value Advisors LLC purchased a new stake in shares of AMC Entertainment Holdings (NYSE:AMC) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 2,360,976 shares of the company’s stock, valued at approximately $33,172,000. Ceredex Value Advisors LLC owned 1.85% of AMC Entertainment as of its most recent filing with the SEC.
Several other hedge funds have also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. raised its position in shares of AMC Entertainment by 3.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 90,257 shares of the company’s stock valued at $1,268,000 after buying an additional 3,140 shares during the period. Brookstone Capital Management raised its position in AMC Entertainment by 19.0% in the fourth quarter. Brookstone Capital Management now owns 23,761 shares of the company’s stock valued at $359,000 after purchasing an additional 3,800 shares during the period. Gamco Investors INC. ET AL raised its position in AMC Entertainment by 26.7% in the fourth 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 period. Gabelli Funds LLC raised its position in AMC Entertainment by 18.2% in the fourth quarter. Gabelli Funds LLC now owns 26,000 shares of the company’s stock valued at $393,000 after purchasing an additional 4,000 shares during the period. Finally, Swiss National Bank raised its position in AMC Entertainment by 6.0% in the first quarter. Swiss National Bank now owns 90,741 shares of the company’s stock valued at $1,275,000 after purchasing an additional 5,100 shares during the period. 44.09% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have issued reports on AMC. Barrington Research reissued a “buy” rating and issued a $20.00 target price on shares of AMC Entertainment in a research report on Friday, May 11th. Zacks Investment Research lowered AMC Entertainment from a “hold” rating to a “sell” rating in a research report on Tuesday, May 8th. B. Riley boosted their target price on AMC Entertainment to $27.50 and gave the company a “buy” rating in a research report on Tuesday, May 8th. Wedbush raised AMC Entertainment to a “buy” rating and set a $25.00 target price on the stock in a research report on Tuesday, May 8th. Finally, MKM Partners boosted their target price on AMC Entertainment from $20.00 to $23.00 and gave the company a “buy” rating in a research report on Tuesday, April 17th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. AMC Entertainment presently has a consensus rating of “Hold” and a consensus target price of $21.68.
AMC Entertainment opened at $16.10 on Friday, MarketBeat Ratings reports. The firm has a market capitalization of $2.12 billion, a price-to-earnings ratio of -18.09, a price-to-earnings-growth ratio of 12.03 and a beta of 0.83. The company has a debt-to-equity ratio of 2.31, a current ratio of 0.60 and a quick ratio of 0.60. AMC Entertainment Holdings has a 52 week low of $10.80 and a 52 week high of $25.60.
AMC Entertainment (NYSE:AMC) last posted its quarterly earnings results on Monday, May 7th. The company reported $0.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.12. The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.35 billion. AMC Entertainment had a negative net margin of 9.22% and a negative return on equity of 7.13%. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.07 earnings per share. sell-side analysts anticipate that AMC Entertainment Holdings will post 0.14 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 25th. Shareholders of record on Monday, June 11th will be paid a $0.20 dividend. The ex-dividend date is Friday, June 8th. This represents a $0.80 annualized dividend and a dividend yield of 4.97%. AMC Entertainment’s dividend payout ratio (DPR) is -89.89%.
AMC Entertainment Profile
AMC Entertainment Holdings, Inc, through its subsidiaries, operates in the theatrical exhibition business. The company owns, operates, or has interests in theatres. As of December 31, 2017, it owned, operated, or had interests in 649 theatres with a total of 8,224 screens in the United States; and 365 theatres and 2,945 screens internationally.
Receive News & Ratings for AMC Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMC Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.