Luxor Capital Group Reveals New 6.1% Stake in AMC Entertainment Holdings Inc (AMC)

Hedge fund Luxor Capital Group, managed by Christian Leone, has disclosed a new stake in AMC Entertainment Holdings Inc (NYSE:AMC). The stake contains around 1.28 million class A shares, equal to 6.1% of the class A common stock. The company went public earlier in December, and since then its stock has gained almost 10%. The value of Luxor’s stake, at the current share price of AMC Entertainment Holdings amounts to $26.51 million.

Christian Leone

In its initial public offering, AMC Entertainment Holdings Inc (NYSE:AMC), a cinema operator, offered around 18.42 million class A shares at a price of $18.00 apiece, The underwriters also received the possibility to buy additional 2.63 million shares as over allotment options. In this way, the net proceeds from the offering amounted to $359.1 million.

Earlier, Ken Griffin‘s Citadel Investment Group disclosed holding a total of 7.7% of the AMC Entertainment Holdings Inc (NYSE:AMC) class A common stock, its holding amassing over 1.6 million shares. The position has been boosted from some 936,300 shares held according to Citadel’s latest 13F.

Recently the company launched a commencing tender offer, under the terms of which it plans to acquire $600 million of its outstanding 8.75% Senior Notes due 2019. The offer will expire on February 12, and the holders of the Notes will receive around 1,038 per $1,000 of the principal amount of Notes, plus $30.00 as consent payment.

Among other investors with significant positions in AMC Entertainment Holdings Inc (NYSE:AMC). is Paulson & Co, led by John Paulson, which holds 4.95 million shares of the company as of the end of September 2013, the reported value of the stake amounting to $338.77 million. Another one is Mario Gabelli‘s GAMCO Investors with a holding of to 2.30 million shares, with a reported value of $157.300

Disclosure: none

Recommended Reading:

Wilbur Ross Adds to EXCO Resources Inc (XCO) Holding Following the Rights Offering

Daniel Loeb Discloses Big Stake in The Dow Chemical Company (DOW); Asks for a Strategic Review

Jeff Smith Sends Letter to Darden Restaurants, Inc. (DRI)’s CEO; Asks to Delay Red Lobster Spin-off

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!