Oberweis Asset Management Inc. cut its position in AMC Entertainment Holdings Inc (NYSE:AMC) by 9.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,854 shares of the company’s stock after selling 3,582 shares during the quarter. Oberweis Asset Management Inc.’s holdings in AMC Entertainment were worth $416,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently made changes to their positions in AMC. Wells Fargo & Company MN boosted its stake in AMC Entertainment by 19.9% during the 3rd quarter. Wells Fargo & Company MN now owns 264,742 shares of the company’s stock valued at $5,427,000 after purchasing an additional 43,933 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in shares of AMC Entertainment by 23.4% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 87,743 shares of the company’s stock worth $1,799,000 after buying an additional 16,647 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of AMC Entertainment by 0.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 717,834 shares of the company’s stock worth $14,715,000 after buying an additional 5,781 shares during the last quarter. BlackRock Inc. boosted its stake in shares of AMC Entertainment by 3.0% in the 3rd quarter. BlackRock Inc. now owns 3,563,216 shares of the company’s stock worth $73,044,000 after buying an additional 103,113 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new position in shares of AMC Entertainment in the 3rd quarter worth $14,740,000. Institutional investors and hedge funds own 40.33% of the company’s stock.
In other news, EVP John D. Mcdonald sold 7,500 shares of AMC Entertainment stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $15.75, for a total value of $118,125.00. Following the sale, the executive vice president now directly owns 54,746 shares of the company’s stock, valued at $862,249.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.01% of the company’s stock.
Shares of AMC stock opened at $14.50 on Friday. AMC Entertainment Holdings Inc has a 12-month low of $11.66 and a 12-month high of $21.45. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 3.72. The stock has a market capitalization of $1.51 billion, a PE ratio of 111.54, a PEG ratio of 5.55 and a beta of 0.94.
The company also recently announced a quarterly dividend, which will be paid on Monday, March 25th. Stockholders of record on Monday, March 11th will be issued a $0.20 dividend. The ex-dividend date is Friday, March 8th. This represents a $0.80 annualized dividend and a dividend yield of 5.52%. AMC Entertainment’s dividend payout ratio (DPR) is 615.38%.
AMC has been the topic of a number of research reports. Zacks Investment Research downgraded AMC Entertainment from a “hold” rating to a “sell” rating in a research note on Monday, January 14th. B. Riley downgraded AMC Entertainment from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $29.00 to $17.00 in a research note on Tuesday, January 22nd. Bank of America downgraded AMC Entertainment from a “neutral” rating to an “underperform” rating in a research note on Friday, January 25th. Loop Capital initiated coverage on AMC Entertainment in a research note on Thursday, January 31st. They issued a “hold” rating and a $15.00 price target on the stock. Finally, MKM Partners dropped their price target on AMC Entertainment to $15.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 12th. Two analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. AMC Entertainment has a consensus rating of “Hold” and an average target price of $18.89.
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About AMC Entertainment
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.
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