The ETF provider owns nearly 6.6 million shares, or 1.3% of the company. if (i > from && i <= to) { To offer an example, I've personally been told on social media many dozens of times that I'm "obviously short" or "clearly losing a lot of money" because of the journalistic position I've taken on AMC. The Best Strategy For Your Small Trading Account. Branded Legacy, Inc.'s Subsidiary Alpha Growers Adds 4 Acres to its Farm, Expands Product Line and Gains New Wholesale Partners, Sugarmade Appoints New Board and Audit Committee Member Following Binding LOI to Acquire $70M in Real Estate and Launch Multimedia Flex Space Brand, InnerScope Hearing Technologies (OTC: INND) Subsidiary HearingAssist Celebrates World Hearing Day By Offering OTC Hearing Aids in 1500+ Walmart Vision Centers. 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. Of the 139 institutional investors that sold AMC Entertainment stock in the last 24 months, the following investors and hedge funds have sold the highest volume of shares: Invesco Ltd. ($6.14M), State Street Corp ($3.13M), Renaissance Technologies LLC ($2.84M), Northern Trust Corp ($2.78M), Aviva PLC ($1.54M), Legal & General Group Plc ($1.33M), and Swiss National Bank ($1.02M). View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. In 2009, BlackRock purchased eFront for $1.3 billion, and in 2009, it bought Barclays Global Investors for $13.5 billion. Gains are fanned by speculation on online stock messaging boards like Reddit. } Reddit and its partners use cookies and similar technologies to provide you with a better experience. Apple Is Still The Richest Company By Squatting On Your Money, Two S&P 500 Stocks Turn $10,000 To $19,631 In Just 2 Months. 2022 Cable News Network. If you require advice in relation to any financial matter you should consult an appropriate professional. as of December 31, 2016. Aron specified that the figure was arrived at after excluding index funds that have to buy AMC out of compulsion. All rights reserved. Also amazingly, not a single individual shareholder owns more than than 0.2% of the company. Only five of the 176 outlets are controlled or majority-controlled by private hedge funds. Vanguard Group - moomoo Enjoy actual free discussion. AMC Entertainment Holdings, Inc. (AMC) NYSE - NYSE Delayed Price. Its simply the magnification effect of the stock's huge gain. BlackRock Inc. Acquires 56,957 Shares of The Williams Companies, Inc To make the world smarter, happier, and richer. Value Investors Club / Where top investors share their best ideas Buy/Sell ($M) +11.73 Portfolio % 0.01 Ownership % 9.53 Quarterly Share Trend BlackRock 4.84 market value ($M) 174.33 Shares Held. if (isexpanded[from]) { if (table) { Because 10 years is generally thought to represent a full economic cycle, this could be a more accurate valuation metric than its P/E ratio counterpart (which only goes back a year). AMC is considered the poster child of speculation. Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. Discovery Company. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2023, Nasdaq, Inc. All Rights Reserved. This might sound like a feel-good story whereby retail is finally exacting its revenge on Wall Street, but the reality is that AMC has become a battleground pump-and-dump scheme driven higher almost entirely by the misinformation and lies spread by its retail investors. In the fourth quarter of 2021, institutional investors were net buyers of 15.8 million AMC shares and increased their ownership by 9.8 percent.
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