Traders Buy Large Volume of AMC Entertainment Call Options (NYSE:AMC)

AMC Entertainment Holdings, Inc. (NYSE:AMC) was the recipient of some unusual options trading on Monday. Investors acquired 80,432 call options on the stock. This represents an increase of approximately 54% compared to the average daily volume of 52,146 call options.

Institutional Trading of AMC Entertainment

Large investors have recently made changes to their positions in the company. Marshall Wace LLP boosted its stake in AMC Entertainment by 17,925.0% during the 2nd quarter. Marshall Wace LLP now owns 11,998,516 shares of the company’s stock worth $37,195,000 after purchasing an additional 11,931,950 shares during the last quarter. Vanguard Group Inc. raised its position in shares of AMC Entertainment by 13.1% in the third quarter. Vanguard Group Inc. now owns 50,119,260 shares of the company’s stock valued at $145,346,000 after buying an additional 5,793,996 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in shares of AMC Entertainment in the second quarter valued at about $744,000. Optimize Financial Inc purchased a new position in shares of AMC Entertainment in the third quarter worth about $1,555,000. Finally, Covalent Partners LLC lifted its stake in shares of AMC Entertainment by 411.6% in the second quarter. Covalent Partners LLC now owns 486,000 shares of the company’s stock worth $1,507,000 after buying an additional 391,000 shares in the last quarter. 28.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

AMC Entertainment Trading Up 4.1%

Shares of AMC Entertainment stock opened at $0.99 on Tuesday. AMC Entertainment has a twelve month low of $0.93 and a twelve month high of $4.08. The firm has a market capitalization of $522.67 million, a PE ratio of -0.75 and a beta of 1.85. The firm’s 50-day moving average price is $1.23 and its 200 day moving average price is $1.95.

AMC Entertainment (NYSE:AMC) last posted its quarterly earnings data on Saturday, January 31st. The company reported ($0.24) EPS for the quarter. The business had revenue of $1.29 billion during the quarter. On average, sell-side analysts predict that AMC Entertainment will post -1.38 EPS for the current fiscal 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.