AMC Entertainment Sees Unusually Large Options Volume (NYSE:AMC)

AMC Entertainment Holdings, Inc. (NYSE:AMC) was the recipient of unusually large options trading activity on Monday. Traders acquired 80,432 call options on the stock. This represents an increase of approximately 54% compared to the typical volume of 52,146 call options.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Macquarie Infrastructure decreased their price objective on AMC Entertainment from $3.00 to $2.00 and set a “neutral” rating on the stock in a research note on Thursday, January 15th. Roth Mkm reduced their price target on shares of AMC Entertainment from $2.00 to $1.50 and set a “neutral” rating for the company in a research report on Wednesday, February 25th. Weiss Ratings restated a “sell (e+)” rating on shares of AMC Entertainment in a research note on Wednesday, January 21st. Finally, Citigroup lowered their price objective on shares of AMC Entertainment from $1.30 to $1.10 and set a “sell” rating on the stock in a research report on Wednesday, February 25th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $2.32.

Institutional Trading of AMC Entertainment

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of AMC Entertainment by 13.1% during the third quarter. Vanguard Group Inc. now owns 50,119,260 shares of the company’s stock valued at $145,346,000 after purchasing an additional 5,793,996 shares in the last quarter. UBS Group AG raised its holdings in AMC Entertainment by 4,537.9% in the third quarter. UBS Group AG now owns 23,194,957 shares of the company’s stock worth $67,265,000 after purchasing an additional 22,694,842 shares in the last quarter. Geode Capital Management LLC raised its holdings in AMC Entertainment by 9.2% in the fourth quarter. Geode Capital Management LLC now owns 12,254,550 shares of the company’s stock worth $19,121,000 after purchasing an additional 1,029,668 shares in the last quarter. Marshall Wace LLP lifted its position in AMC Entertainment by 17,925.0% during the second quarter. Marshall Wace LLP now owns 11,998,516 shares of the company’s stock valued at $37,195,000 after buying an additional 11,931,950 shares during the period. Finally, State Street Corp boosted its holdings in shares of AMC Entertainment by 12.7% during the 4th quarter. State Street Corp now owns 11,349,046 shares of the company’s stock valued at $17,705,000 after buying an additional 1,278,974 shares in the last quarter. 28.80% of the stock is currently owned by hedge funds and other institutional investors.

AMC Entertainment Trading Up 6.0%

Shares of AMC traded up $0.06 during mid-day trading on Monday, reaching $1.01. The company’s stock had a trading volume of 25,566,592 shares, compared to its average volume of 36,136,688. The company’s fifty day moving average price is $1.24 and its two-hundred day moving average price is $1.96. AMC Entertainment has a 52 week low of $0.93 and a 52 week high of $4.08. The stock has a market cap of $532.20 million, a PE ratio of -0.77 and a beta of 1.85.

AMC Entertainment (NYSE:AMC) last announced its quarterly earnings data on Saturday, January 31st. The company reported ($0.24) earnings per share (EPS) for the quarter. The firm had revenue of $1.29 billion during the quarter. Research analysts anticipate that AMC Entertainment will post -1.38 EPS for the current 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.