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

AMC Entertainment Holdings, Inc. (NYSE:AMCGet Free Report) saw unusually large options trading activity on Monday. Investors acquired 202,004 call options on the stock. This is an increase of 108% compared to the average daily volume of 97,301 call options.

Analyst Ratings Changes

A number of research firms recently commented on AMC. Wall Street Zen upgraded AMC Entertainment from a “strong sell” rating to a “hold” rating in a research note on Saturday, May 9th. B. Riley Financial reaffirmed a “buy” rating on shares of AMC Entertainment in a report on Thursday, June 11th. Texas Capital upgraded AMC Entertainment from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 15th. Roth Capital set a $1.50 price target on AMC Entertainment in a research report on Tuesday, May 19th. Finally, Benchmark upgraded AMC Entertainment from a “hold” rating to a “buy” rating and set a $2.50 price objective on the stock in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $1.80.

Check Out Our Latest Stock Report on AMC

AMC Entertainment Stock Up 20.9%

Shares of NYSE:AMC traded up $0.41 during trading on Monday, hitting $2.35. 127,332,877 shares of the company traded hands, compared to its average volume of 38,403,145. The business’s fifty day moving average is $1.90 and its 200-day moving average is $1.55. The stock has a market capitalization of $2.09 billion, a price-to-earnings ratio of -2.21 and a beta of 2.08. AMC Entertainment has a one year low of $0.93 and a one year high of $3.60.

AMC Entertainment (NYSE:AMCGet Free Report) last announced its quarterly earnings results on Monday, July 20th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.13. The company had revenue of $1.60 billion during the quarter. On average, analysts forecast that AMC Entertainment will post -0.35 EPS for the current year.

Insider Buying and Selling at AMC Entertainment

In related news, CEO Adam M. Aron bought 250,000 shares of the business’s stock in a transaction dated Tuesday, May 19th. The shares were 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 in the company, valued at $3,363,087.60. This trade represents a 11.43% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.43% of the company’s stock.

Institutional Investors Weigh In On AMC Entertainment

Hedge funds have recently added to or reduced their stakes in the stock. Essential Partners LLC grew its position in shares of AMC Entertainment by 244,580.6% during the first quarter. Essential Partners LLC now owns 88,085 shares of the company’s stock worth $86,000 after acquiring an additional 88,049 shares during the last quarter. Bank of America Corp DE lifted its position in AMC Entertainment by 34.3% in the 1st quarter. Bank of America Corp DE now owns 543,857 shares of the company’s stock valued at $533,000 after purchasing an additional 138,853 shares during the last quarter. Royal Bank of Canada lifted its position in AMC Entertainment by 90.7% in the 1st quarter. Royal Bank of Canada now owns 33,657 shares of the company’s stock valued at $33,000 after purchasing an additional 16,011 shares during the last quarter. SummitTX Capital L.P. acquired a new position in AMC Entertainment during the 1st quarter valued at about $73,000. Finally, Wealthfront Advisers LLC boosted its stake in AMC Entertainment by 36.8% during the 1st quarter. Wealthfront Advisers LLC now owns 196,830 shares of the company’s stock valued at $193,000 after purchasing an additional 52,902 shares during the period. 28.80% of the stock is currently owned by institutional investors.

Trending Headlines about AMC Entertainment

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AMC Entertainment Company Profile

(Get Free Report)

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.

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