AMC’s biggest stakeholder Wanda just sold all but 10,000 shares of stock netting $426.7 million dollars. Wanda Group owns the largest movie theater chain in China. Retail investors are curious how this affects AMC Entertainments bull run.
It seems that the media has once again shed light on what appears to be negative sentiment in AMC Entertainment. But what if I told you Wanda only owning 0.002% in stake isn’t a bad thing? See, Wanda contributed largely to AMC’s share price from surpassing $14 due to selloffs.
Perhaps now retail investors will begin to see AMC’s stock break $15.
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AMC Entertainment and Wanda’s relationship
Despite this selloff, Wanda Group and AMC Entertainment continue to have a mutual and tremendous respect for one another. In a recent interview Adam Aron advises China’s policies require international investors to allocate their investments towards domestic companies in order to grow their economy.
With Wanda Group out of the picture, retail investors now own majority of AMC Entertainment stock.
“These individual investors likely own a majority of our shares, they own AMC. We work for them. I work for them. By definition, their interests and passions are important to AMC, their ambitions and passions are important to me.”Adam Aron
AMC Institutional Owners
One thing that’s mind boggling to me is why no one is talking about AMC major institutional shareholders. These institutions keep buying the stock!
If we saw headlines such as “INSTITUTION increases position in AMC by x percent” the sentiment would draw more retail investors in wouldn’t you agree? However, hedge fund partners and affiliates don’t want that. AMC Entertainment continues to be the most shorted stock in the market and retail investors continue to hold for a short squeeze.
Wanda Group may be out but here are the biggest institutional investors buying AMC Entertainment stock right now.
#1. Vanguard Group Inc.
The Vanguard Group, Inc. is an American registered investment advisor based in Malvern, Pennsylvania with about $6.2 trillion in global assets. Vanguard’s top holdings are in Apple, Microsoft, Amazon, Facebook, and Google.
Their ownership in AMC Entertainment is around 8.22% which is equivalent to a whopping 36,996,803 shares. Vanguard is AMC Entertainments biggest institutional investor as of May 23rd, 2021.
Vanguard has been bulking up with AMC Entertainment stock since the beginning of the Reddit phenomenon. My guess is they don’t want to miss out on what’s coming.
#2. BlackRock Inc.
BlackRock, Inc. is an American multinational investment management corporation based in New York City. Founded in 1988, initially as a risk management and fixed income institutional asset manager, BlackRock is the world’s largest asset manager. They hold $8.67 trillion in assets.
Like Vanguard, BlackRock’s top holdings are also in Apple, Microsoft, Amazon, Facebook, and Google.
BlackRock’s owner ship in AMC is 5.45% or 24,551,774 shares. They are AMC Entertainment’s second biggest institutional investor. Like Vanguard, BlackRock has been adding to their position for months now.
Both Vanguard and BlackRock have been adding largely to their position in AMC Entertainment.
#3. Invesco Capital Management LLC
Invesco PowerShares Capital Management LLC operates as a wealth management firm. The Company offers investment advisory, retirement planning, and portfolio management services. Invesco PowerShares Capital Management serves customers worldwide.
Invesco’s top holdings are in McCormick & Co. Inc., Air Products & Chemicals Inc., Intel Corporation, International Flavors & Fragrances, Inc., and Johnson & Johnson.
Invesco’s stake in AMC Entertainment is 1.48% , or 6.6 million shares. This amount is equivalent to $66, 692, 730.
#4. SSGA Funds Management
SSgA Funds Management, Inc. operates as an investment firm. The Company provides portfolio management, financial planning, and investment advisory services. SSgA Funds Management serves clients globally.
Their stake in AMC is 1.45%. SSGA owns 6.5 million shares of AMC Entertainment which is equivalent to $65,562,710.
SSGA is a hedge fund that is long in AMC Entertainment stock.
#5. Geode Capital Management LLC
Geode Capital Management, LLC is an American Investment Management firm based in Boston, Massachusetts. They hold approximately $719 billion dollars in assets.
Like Vanguard and Blackrock, their top holdings are in Apple, Microsoft, Amazon, Facebook, and Google.
They hold a 1.38% stake in AMC Entertainment. Their 6.2 million shares are valued at $62,374,514.
AMC Entertainment’s top 10 institutional holders
- The Vanguard Group, Inc.
- BlackRock Fund Advisors
- Invesco Capital Management LLC
- SSgA Funds Management, Inc.
- Geode Capital Management LLC
- Susquehanna Financial Group LLLP
- Northern Trust Investments, Inc.
- Charles Schwab Investment Management, Inc.
- BlackRock Investment Management, Inc.
- BlackRock Advisors LLC
List provided to you via CNN Business.
Retail investors should not be concerned about Wanda Groups departure. There are several institutional investors that continue to add to their position in AMC Entertainment.
How much AMC stock do retail investors own?
According to Fidelity, retail investors own approximately 63.9% of AMC Entertainment’s float.
To put things into perspective, about 40% of retail investors own Apple stock and 33% own Tesla stock.
With more retail investors buying AMC stock, the percentage of owners is going to continue to go up.
Latest institutional buyers in AMC Entertainment
The chart above shows the latest reporting dates of institutional buyers getting in on AMC Entertainment stock.
You can see the latest institutions buying AMC stock are holding tens of thousands to hundreds of thousands of shares.
Morgan Stanley has a position in AMC Entertainment with a market value of $9.78 million dollars! At this point any FUD (fear, uncertainty, doubt) should be completely off the table regarding Wanda Group selling their stake in AMC.
AMC Entertainment stock is a heavy buy.
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