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 stock. This represents an increase of 42% compared to the average daily volume of 70,019 call options.

Analysts Set New Price Targets

AMC has been the topic of a number of research analyst reports. Citigroup boosted their price target on AMC Entertainment from $1.10 to $1.20 and gave the stock a “sell” rating in a research note on Thursday, May 7th. Benchmark upgraded AMC Entertainment from a “hold” rating to a “buy” rating and set a $2.50 price target on the stock in a research note on Wednesday, May 6th. B. Riley Financial restated a “neutral” rating on shares of AMC Entertainment in a research note on Friday, April 17th. Roth Mkm set a $1.50 price target on AMC Entertainment in a research note on Tuesday. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of AMC Entertainment in a research note on Monday, April 20th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $2.24.

Insider Buying and Selling at AMC Entertainment

In other AMC Entertainment news, CEO Adam M. Aron bought 250,000 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The stock was acquired at an average cost of $1.38 per share, for a total transaction of $345,000.00. Following the completion of the transaction, the chief executive officer owned 2,437,020 shares in the company, valued at $3,363,087.60. This trade represents a 11.43% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.43% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Jones Financial Companies Lllp increased its stake in shares of AMC Entertainment by 761.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 8,480 shares of the company’s stock worth $25,000 after acquiring an additional 7,496 shares during the last quarter. Triumph Capital Management increased its stake in shares of AMC Entertainment by 139.0% in the 4th quarter. Triumph Capital Management now owns 19,000 shares of the company’s stock worth $30,000 after acquiring an additional 11,050 shares during the last quarter. Royal Bank of Canada increased its stake in shares of AMC Entertainment by 90.7% in the 1st quarter. Royal Bank of Canada now owns 33,657 shares of the company’s stock worth $33,000 after acquiring an additional 16,011 shares during the last quarter. Pitcairn Co. acquired a new stake in shares of AMC Entertainment in the 2nd quarter worth $34,000. Finally, Powell Investment Advisors LLC acquired a new stake in shares of AMC Entertainment in the 4th quarter worth $39,000. Hedge funds and other institutional investors own 28.80% of the company’s stock.

AMC Entertainment Stock Performance

NYSE AMC traded up $0.18 during trading hours on Wednesday, reaching $1.54. The stock had a trading volume of 24,643,085 shares, compared to its average volume of 34,484,387. The stock has a fifty day moving average of $1.32 and a 200 day moving average of $1.61. The stock has a market cap of $939.53 million, a P/E ratio of -1.45 and a beta of 2.14. AMC Entertainment has a 52-week low of $0.93 and a 52-week high of $4.08.

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

AMC Entertainment Company Profile

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.