Traders Purchase High Volume of AMC Entertainment Call Options (NYSE:AMC)

AMC Entertainment Holdings, Inc. (NYSE:AMC) was the target of unusually large options trading on Wednesday. Stock traders acquired 99,444 call options on the company. This represents an increase of 42% compared to the typical volume of 70,019 call options.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Wall Street Zen raised AMC Entertainment from a “strong sell” rating to a “hold” rating in a research report on Saturday, May 9th. Citigroup raised their target price on AMC Entertainment from $1.10 to $1.20 and gave the stock a “sell” rating in a research report on Thursday, May 7th. Benchmark raised AMC Entertainment from a “hold” rating to a “buy” rating and set a $2.50 target price on the stock in a research report on Wednesday, May 6th. B. Riley Financial reissued a “neutral” rating on shares of AMC Entertainment in a research report on Friday, April 17th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of AMC Entertainment in a research report on Monday, April 20th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $2.24.

Insider Buying and Selling at AMC Entertainment

In related news, CEO Adam M. Aron acquired 250,000 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The stock was acquired at an average price of $1.38 per share, for a total transaction of $345,000.00. Following the purchase, the chief executive officer owned 2,437,020 shares of the company’s stock, valued at $3,363,087.60. This represents a 11.43% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.43% of the company’s stock.

Institutional Investors Weigh In On AMC Entertainment

Institutional investors and hedge funds have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in AMC Entertainment by 21.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 240,255 shares of the company’s stock valued at $690,000 after buying an additional 41,860 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in AMC Entertainment by 30.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 710,181 shares of the company’s stock valued at $2,038,000 after buying an additional 164,740 shares in the last quarter. JPMorgan Chase & Co. raised its stake in AMC Entertainment by 19.8% during the second quarter. JPMorgan Chase & Co. now owns 1,820,405 shares of the company’s stock valued at $5,643,000 after buying an additional 300,376 shares in the last quarter. Prudential Financial Inc. raised its stake in AMC Entertainment by 89.6% during the second quarter. Prudential Financial Inc. now owns 55,685 shares of the company’s stock valued at $173,000 after buying an additional 26,310 shares in the last quarter. Finally, Hsbc Holdings PLC raised its stake in AMC Entertainment by 9.2% during the second quarter. Hsbc Holdings PLC now owns 102,506 shares of the company’s stock valued at $315,000 after buying an additional 8,629 shares in the last quarter. Hedge funds and other institutional investors own 28.80% of the company’s stock.

AMC Entertainment Price Performance

Shares of NYSE:AMC traded up $0.18 during trading on Wednesday, reaching $1.54. The company had a trading volume of 24,643,085 shares, compared to its average volume of 34,484,387. The firm has a market capitalization of $939.53 million, a price-to-earnings ratio of -1.45 and a beta of 2.14. The stock’s fifty day moving average price is $1.32 and its 200 day moving average price is $1.61. AMC Entertainment has a fifty-two week low of $0.93 and a fifty-two week high of $4.08.

AMC Entertainment (NYSE:AMC) last posted its quarterly earnings results on Tuesday, May 5th. The company reported ($0.36) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.04). The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $979.19 million. During the same quarter in the previous year, the business posted ($0.58) EPS. AMC Entertainment’s quarterly revenue was up 21.2% on a year-over-year basis. On average, equities analysts anticipate that AMC Entertainment will post -0.36 EPS for the current fiscal year.

About AMC Entertainment

AMC Entertainment Holdings, Inc operates as a leading movie exhibition company, specializing in the presentation of theatrical motion pictures across a network of multiplex cinemas. The company’s core business activities encompass ticket sales, concession and refreshment services, and the licensing of premium viewing formats. AMC offers a variety of auditorium experiences, including IMAX®, Dolby Cinema™, and Cinemark’s RealD 3D systems, designed to enhance audience engagement through superior sound, visual clarity, and seating comfort.

Originally founded in 1920 with its first theatre in Kansas City, AMC has evolved into one of the largest theater chains in the world.