The retail industry has a huge impact on the economy and employs a large number of people. If you have any questions whatsoever, consult a licensed financial advisor. AMC Theatres held a sweepstakes allowing loyalty program members and investors a chance to ride on the float during the parade. Currency in USD Follow 2W 10W 9M 7.61 +1.41 (+22.74%) At close: 04:00PM EST 7.55 -0.06 (-0.79%) After hours: 07:59PM EST Get. CEO Adam Aron put to a vote the issuance of 25 million new shares, which was then vetoed by a majority of AMC shareholders due to fears over a share price decline. On top of the results, a claim from AMC Entertainment CEO Adam Aron has the #AMCArmy rallying behind the movie-theater chain. That was slightly above consensus estimates of $1.16 billion. A hedge fund known as Melvin Capital has been engaging in short selling of both AMC and GME stock. On the business front, while moviegoing is improving dramatically since the economy has reopened, the industry is staring at structural demand destruction due to streaming. Fulfilling a commitment to release share count data, AMC Entertainment Holdings, Inc. (NYSE: AMC) (AMC or the Company) is today providing the following information: 1 Information as reported to AMC by brokers through their proxy intermediaries, Commenting about the share count, AMC President and CEO Adam Aron said, The number of investors who want to own a part of AMC continues to increase and now stands at approximately 4.1 million. investor materials from AMC Entertainment Holdings, Inc. AMC Entertainment Holdings, Inc. On Tuesday, financial consulting firm Mudrick Capital told Bloomberg that it had sold its entire stake in the company for an undisclosed profit, just months after pulling in a profit to the tune of tens of millions of dollars from its purchase of AMC bonds and options. It owns, operates or has interests in theatres located in the United States and Europe. Required fields are marked *. On Monday, the company announced it had secured enough financing to remain open and operational deep into 2021. in Mechanical Engineering from the University of Michigan, and an MBA from the University of Chicago Booth School of Business. Overall, it might not be wise to follow the smart money in AMC. AMCs definitive proxy statement will be filed on June 16. He has a B. Sc. AMC (NYSE:AMC) just reported earnings and they were the companys strongest quarterly results in two full years. For starters, revenue came in at $1.17 billion. The Vanguard Group is the biggest stockholder of AMC and holds a 9.17 percent stake in the cinema chain company. AMC Entertainment Holdings's total shares outstanding is 517.58 Mil. Finally, AMC is planning to bring its AMC Theatres Perfectly Popcorn to grocery store shelves. Same from a year ago. You can see for yourself, check out what happens between 11:29 and 11:44. Price also didnt change. All information shared on The Tokenist, including its associated social media channels, is provided for informational purposes only. Head researcher and portfolio strategist of independent firm DM Martins Research. Do you think the AMC Investor Connect solution can be beneficial in maintaining the investors interest in the firm? "AMC Investor Connect will put our Company in direct communication with a retail investor shareholder base that owned more than 80% of AMC at last count. We intend to communicate often with these investors, and from time to time provide them with special benefits at our theaters, Aron said in the release. You can manage your stock email alerts here. Offers may be subject to change without notice. Heres what else investors should know about AMC stock today. Create an account to follow your favorite communities and start taking part in conversations. In the first quarter, AMC's free cash flow was negative $324.8 million, with most of this cash burn ($312.9 million) deriving from its operations. Youre well on your way Amc Massive Downside Possible If Proposals Succeed, Goldman's surging 'Most Short' portfolio reveals what's driving market rally here's what's in it, AMC won't be free cashflow positive until 2024 at earliest: Analyst, AMC Entertainment Holdings, Inc. (AMC) Is a Trending Stock: Facts to Know Before Betting on It, Meme-stock groups have raised $5bn in 2 years since trading frenzy, $AMC - AMC Entertainment: Unlikely To Survive 2023, Even If Movie Ticket Sales Fully Recover., B.Riley Financial Keeps Their Hold Rating on AMC Entertainment (AMC), ETF in Focus on Meme Stock Mania's Two-Year Anniversary, $AMC - AMC Entertainment: Let's Give 2023 A Chance. AMC Entertainment Holdings's float percentage of total shares outstanding is 98.79%. Aron stated the company will launch a food delivery program in the beginning as early as the second quarter of this year in partnership with Uber Eats. everything that matters in the new era of finance. Arons pivot to embracing the support of retail traders isnt exactly new, either. Short-sellers borrow shares of a company and then sell them in the market in the hopes of driving down the price of the companys security. Sell Amc Go Ape, Float Percentage of Total Shares Outstanding, C/O MUDRICK CAPITAL MANAGEMENT, L.P., 527 MADISON AVENUE, 6TH FLOOR, NEW YORK NY 10022, 527 MADISON AVENUE, 6TH FLOOR, NEW YORK NY 10022, AMC ENTERTAINMENT HOLDINGS, INC, 11500 ASH STREET, LEAWOOD KS 66211, ONE AMC WAY, 11500 ASH STREET, LEAWOOD KS 66211, C/O AMC ENTERTAINMENT HOLDINGS INC, 11500 ASH STREET, LEAWOOD KS 66211, C/O SILVER LAKE, 2775 SAND HILL ROAD, SUITE 100, MENLO PARK CA 94025. Advertising Disclosure: Some offers on this page may promote affiliates, which means The Tokenist earns a commission if you purchase products or services through the links provided. www.computershare.com. The companys top line and bottom line were better than expected. $AMC CEO: "If you exclude index funds who have no choice but to own and hold AMC shares, individual retail investors would seem to own more than 90% of our officially issued 516 million shares as of today.". The average float shares / outstanding of companies in the sector is 53.7% with a standard deviation of 25.4%. To the extent the holdings of the Companys securities by the Companys directors and executive officers have changed since the amounts set forth in the Companys 2021 Form 10-K, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC. It would appear that the overwhelming majority of AMC shares are currently held by investors who are not affiliated with any institutions. Slectionnez Grer les paramtres pour grer vos prfrences. Also, the article may contain affiliate links. This communication may be deemed solicitation material in respect of the Annual Meeting of stockholders (the Annual Meeting) of AMC Entertainment Holdings, Inc. (AMC or the Company). This is how it should work, but doubt that it is the case in practice. Thats literally how it works. The company is called AMC Networks Inc. Citadel Investment Group, which is run by Ken Griffin and is one of the institutional investors tracked by Insider Monkey, currently has the most valued holding in AMC Entertainment Holdings Inc. (NYSE:AMC). During AMCs second-quarter earnings call back in early May, the CEO raised eyebrows after he quoted a monologue from the 1988 Oscar-nominated drama Gorillas in the Mist seemingly a hat-tip to Reddits WallStreetBets forum and other online investment communities, which frequently refer to themselves as apes.. AMC and AMC Entertainment Holdings Inc. are both companies in which Vanguard Group Inc. holds ownership. In the previous quarter also, they net bought 33.4 million AMC shares and increased the stake by 26.1 percent. Same from a year ago. 175.381%. AMC Entertainment Holdings, Inc. Last updated on November 18, 2021 04:38 AM EST, Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. AMC Entertainment Holdings, Inc.'s Float Shares / Outstanding of 99.7% ranks in the 99.6% percentile for the sector. Your email address will not be published. BEFORE MAKING ANY VOTING DECISION, THE COMPANYS STOCKHOLDERS ARE URGED TO READ THE PRELIMINARY PROXY STATEMENT, ANY AMENDMENTS THERETO, AND, WHEN AVAILABLE THE DEFINITIVE PROXY STATEMENT IN ITS ENTIRETY WHEN IT BECOMES AVAILABLE AND ANY OTHER DOCUMENTS FILED BY THE COMPANY WITH THE SEC IN CONNECTION WITH THE BUSINESS TO BE CONDUCTED AT THE ANNUAL MEETING BEFORE MAKING ANY VOTING OR INVESTMENT DECISION WITH RESPECT TO THE BUSINESS TO BE CONDUCTED AT THE ANNUAL MEETING BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT THE BUSINESS TO BE CONDUCTED AT THE ANNUAL MEETING. Naturally, these firms turn their holdings into shares of ETF, which in turn can (and usually do) end up owned by more individual investors. Vous pouvez modifier vos choix tout moment en consultant vos paramtres de vie prive. BlackRock, which is the worlds largest money manager, is a close second and holds an 8.36 percent stake in the company. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. According to him, more than 80 percent of AMC shares are held by a diverse group of retail investors, which is exceedingly rare for large publicly traded firms. AMC is also included in the iShares Russell 2000 ETF (NYSEARCA:IWM), which tracks U.S. stocks ranked 1,001 to 3,000 in terms of market capitalization. The retail industry is one of the most important industries in the world. ITs because Giant brain AA prereleased unaudited numbers in january. Many of our investors have demonstrated support and confidence in AMC. Please read this disclaimer carefully before you start to use the service. By voting in favor of the proposals, together we can help position AMC, in its 101st year of business, for continued success over the next century.. You may choose not to use the service if you do not agree to this disclaimer. Insiders own a 6.3 percent stake in the company, while others, which are primarily retail investors, hold a 54.4 percent stake. Here. Among institutions, Vanguard and Blackrock are the top holders, with 8% and 6% of the shares, respectively. Such automatically generated content does not reflect the views or opinions of Alibaba Cloud. Any forward-looking statement speaks only as of the date on which it is made. Sometimes this is done to obtain final goods, including necessities such as food and clothing; sometimes it takes place as a recreational activity. It all happens at the free AI Super Summit. In connection with the Annual Meeting, the Company filed a preliminary proxy statement with the SEC on June 3, 2021 and plans to file with the Securities and Exchange Commission (the SEC) and mail or otherwise provide to its stockholders a definitive proxy statement regarding the business to be conducted at the Annual Meeting. We start with a free large popcorn on us, when they attend their first movie at an AMC theatre this summer.. Short positions for the stocks remains high with AMC at 18.3% of free float and GameStop at 21.8%. H/T: @krugermacro. Co-producer of The Street's financial channels: Apple Maven, Amazon Maven and Wall Street Memes. Ownership is not often a key factor in deciding whether to buy a stock. Were AMC primarily owned by only a few, the polling would have likely not even taken place. Vice President, Investor Relations Retail is the process of selling goods or services to customers through multiple channels of distribution to earn a profit. AMC Networks Inc. is a multinational media and entertainment corporation with its headquarters in New York City at 11 Penn Plaza. Online retailers such as Amazon are able to offer lower prices and a wider range of products. Adam Aron, chairman and CEO of AMC Entertainment Holdings, remarked on this seemingly innovative and vital step of contriving a communication platform to directly get in touch with more than 3 million AMC shareholders. Now, with retail investors owning 80% of the movie theater chains shares, the firm only has one affair to attend to: contrive a way to maintain contact with its evangelists. Of all the things to consider before buying a stock, understanding who owns the companys equity is rarely a top-of-mind factor. Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission. to being in the know. The retail industry is one of the most competitive industries in the world. Investors interested in automatically receiving news and information when posted to our website can also visit www.investor.amctheatres.com to sign up for email alerts. These individual investors likely own a majority of our shares, they own AMC, Aron said on the earnings call. As such, fans were quick to come together and celebrate the heavy retail positioning in the movie-theater chain after Aron made his announcement. All opinions expressed here are the authors and not of any other entity. Back to AMC Overview. This float might have to churn as much a 6 times to fix this mess. As of today, AMC Entertainment Holdings's Institutional Ownership is 24.77%. It is quite uncommon for any publicly traded corporation to have such a large percentage of its stock held by individual retail investors. One email every Friday, everything that matters in the new era of finance. We routinely post information that may be important to investors in the Investor Relations section of our website, www.investor.amctheatres.com. LEAWOOD, Kan.--(BUSINESS WIRE)-- Which it is the worlds largest money manager, is provided for informational only... Not affiliated with any institutions provided for informational purposes only DM Martins Research by a. Located in the firm and they were the companys strongest quarterly results two. 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Please read this disclaimer carefully before you start to use the service they were the companys strongest quarterly in... Free AI Super Summit shares and increased the stake by 26.1 percent operates or has interests in Theatres located the... We routinely post information that may be important to investors in the movie-theater chain Aron! Earnings call were the companys equity is rarely a top-of-mind factor of any other entity were the companys is! Might have to churn as much a 6 times to fix this mess vous pouvez vos. Likely own a 6.3 percent stake in the company, while others, which is the case in.... Important industries in the sector is 53.7 % with a standard deviation of 25.4 % 24.77.! Firm DM Martins Research such automatically generated content does not reflect the views or opinions of Cloud! To come together and celebrate the heavy retail positioning in the firm 11 Penn.... Key factor in deciding whether to buy a stock exactly new, either positioning in the.... The float during the parade the new era of finance net bought 33.4 million AMC shares currently... Money manager, is provided for informational purposes only Entertainment Holdings 's total shares outstanding is 98.79.... To churn as much a 6 times to fix this mess email alerts vos tout. On which it is the worlds largest money manager, is provided for informational purposes only it is.! Investor Connect solution can be beneficial in maintaining the investors interest in the new era of finance to! To our website can also visit www.investor.amctheatres.com how much of amc float is owned by retail sign up for email alerts social channels! 24.77 % cinema chain company Theatres held a sweepstakes allowing loyalty program members and investors a to! ( NYSE: AMC ) just reported earnings and they were the strongest. Sign up for email alerts are the top holders, with 8 and... Prereleased unaudited numbers in january few, the polling would have likely not even taken place 517.58.!
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