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

AMC Entertainment Holdings, Inc. (NYSE:AMC) was the target of some unusual options trading activity on Tuesday. Stock traders acquired 92,240 call options on the stock. This is an increase of 64% compared to the typical volume of 56,092 call options.

Analysts Set New Price Targets

Several research firms recently weighed in on AMC. Macquarie Infrastructure decreased their target price on shares of AMC Entertainment from $3.00 to $2.00 and set a “neutral” rating for the company in a research note on Thursday, January 15th. Citigroup decreased their target price on shares of AMC Entertainment from $1.30 to $1.10 and set a “sell” rating for the company in a research note on Wednesday, February 25th. Weiss Ratings reissued a “sell (e+)” rating on shares of AMC Entertainment in a research note on Wednesday, January 21st. Finally, Roth Mkm decreased their target price on shares of AMC Entertainment from $2.00 to $1.50 and set a “neutral” rating for the company in a research note on Wednesday, February 25th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $2.32.

AMC Entertainment Price Performance

Shares of AMC Entertainment stock opened at $1.54 on Wednesday. The business has a fifty day simple moving average of $1.18 and a two-hundred day simple moving average of $1.82. AMC Entertainment has a 1 year low of $0.93 and a 1 year high of $4.08. The company has a market capitalization of $815.51 million, a price-to-earnings ratio of -1.18 and a beta of 1.80.

AMC Entertainment (NYSE:AMC) last announced its quarterly earnings results on Saturday, January 31st. The company reported ($0.24) earnings per share (EPS) for the quarter. The business had revenue of $1.29 billion during the quarter. As a group, equities analysts anticipate that AMC Entertainment will post -1.38 earnings per share for the current fiscal year.

Institutional Investors Weigh In On AMC Entertainment

Several hedge funds have recently added to or reduced their stakes in the business. Wealthfront Advisers LLC lifted its holdings in shares of AMC Entertainment by 7.6% during the third quarter. Wealthfront Advisers LLC now owns 81,455 shares of the company’s stock worth $236,000 after buying an additional 5,763 shares in the last quarter. Swiss Life Asset Management Ltd lifted its holdings in shares of AMC Entertainment by 59.5% during the third quarter. Swiss Life Asset Management Ltd now owns 17,512 shares of the company’s stock worth $51,000 after buying an additional 6,536 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of AMC Entertainment by 14.3% during the third quarter. Victory Capital Management Inc. now owns 58,710 shares of the company’s stock worth $170,000 after buying an additional 7,339 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of AMC Entertainment by 761.8% during the third quarter. Jones Financial Companies Lllp now owns 8,480 shares of the company’s stock worth $25,000 after buying an additional 7,496 shares in the last quarter. Finally, Optimize Financial Inc lifted its holdings in shares of AMC Entertainment by 1.5% during the fourth quarter. Optimize Financial Inc now owns 543,906 shares of the company’s stock worth $848,000 after buying an additional 7,824 shares in the last quarter. Institutional investors and hedge funds own 28.80% of the company’s stock.

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.