This year, AMC Entertainment’s investor base underwent a dramatic shift. Like many publicly traded companies, the theatre chain historically has been owned at least 80 per cent by institutional investors – large money managers, pensions, and endowments.
But after it became a meme-stock favourite among retail traders, who have rabidly bought up its shares and sent its stock price through the roof this year, the dynamic flipped. AMC is now more than 80 per cent owned by individual investors, about 4.1 million in all by the company’s latest official count.
