IFM Investors Pty Ltd lifted its holdings in shares of AMC Entertainment Holdings, Inc. (NYSE:AMC – Get Rating) by 13.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 75,636 shares of the company’s stock after purchasing an additional 9,154 shares during the quarter. IFM Investors Pty Ltd’s holdings in AMC Entertainment was worth $1,864,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of the business. Quadrant Capital Group LLC increased its stake in shares of AMC Entertainment by 150.2% during the 4th quarter. Quadrant Capital Group LLC now owns 1,021 shares of the company’s stock worth $28,000 after purchasing an additional 613 during the last quarter. Nisa Investment Advisors LLC increased its stake in shares of AMC Entertainment by 0.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 79,480 shares of the company’s stock worth $1,276,000 after purchasing an additional 710 shares during the last quarter. Rockbridge Investment Management LCC increased its stake in shares of AMC Entertainment by 136.9% during the 4th quarter. Rockbridge Investment Management LCC now owns 1,367 shares of the company’s stock worth $37,000 after purchasing an additional 790 during the last quarter. Daiwa Securities Group Inc. increased its stake in shares of AMC Entertainment by 3.2% during the 4th quarter. Daiwa Securities Group Inc. Now owns 25,560 shares of the company’s stock worth $695,000 after purchasing an additional 800 shares during the last quarter. Finally, Larson Financial Group LLC increased its stake in shares of AMC Entertainment by 17.5% during the 1st quarter. Larson Financial Group LLC now owns 6,036 shares of the company shares’s stock worth $149,000 after purchasing an additional 897 during the last quarter. Institutional investors and hedge funds own 34.20% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts recently issued reports on AMC shares. The Goldman Sachs Group lowered their target price on shares of AMC Entertainment to $34.00 and set a “neutral” rating on the stock in a research note on Friday, July 29th. B. Riley lowered their target price on shares of AMC Entertainment from $16.00 to $11.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 21st. StockNews.com upgraded shares of AMC Entertainment to a “sell” rating in a research note on Wednesday, July 20th. Citigroup reduced their price target on shares of AMC Entertainment from $6.00 to $5.00 and set a “sell” rating for the company in a report on Thursday, July 7th. Finally, Wedbush reissued an “underperform” rating and issued a $4.00 price target on shares of AMC Entertainment in a report on Tuesday, August 2nd. Four analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. Based on data from MarketBeat, AMC Entertainment has a consensus rating of “Reduce” and a consensus target price of $13.50.
AMC Entertainment Price Performance
Shares of AMC Entertainment stock opened at $22.18 on Friday. AMC Entertainment Holdings, Inc. has a fifty-two week low of $9.70 and a fifty-two week high of $52.79. The firm has a fifty day moving average price of $14.26 and a two-hundred day moving average price of $15.89.
AMC Entertainment (NYSE:AMC – Get Rating) last released its quarterly earnings data on Thursday, August 4th. The company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.03). The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.18 billion. The business’s revenue for the quarter was up 162.3% compared to the same quarter last year. During the same period last year, the firm earned ($0.71) earnings per share. As a group, analysts expect that AMC Entertainment Holdings, Inc. will post -1.13 EPS for the current fiscal year.
AMC Entertainment Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 19th. Stockholders of record on Monday, August 15th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.18%. The ex-dividend date is Friday, August 12th.
AMC Entertainment Company Profile
AMC Entertainment Holdings, Inc, through its subsidiaries, engages in the theatrical exhibition business. The company owns, operates, or has interests in theaters in the United States and Europe. As of March 1, 2022, it operated approximately 950 theaters and 10,600 screens. The company was founded in 1920 and is headquartered in Leawood, Kansas.
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