Investors Purchase High Volume of Call Options on AMC Entertainment (NYSE:AMC)

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

AMC Entertainment Trading Up 27.6%

Shares of AMC stock opened at $2.48 on Tuesday. The company has a market capitalization of $2.21 billion, a PE ratio of -2.33 and a beta of 2.08. The firm has a fifty day simple moving average of $1.92 and a 200-day simple moving average of $1.56. AMC Entertainment has a twelve month low of $0.93 and a twelve month high of $3.60.

AMC Entertainment (NYSE:AMC) last released its quarterly earnings results on Monday, July 20th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.17. The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.50 billion. Equities research analysts predict that AMC Entertainment will post -0.35 EPS for the current year.

Trending Headlines about AMC Entertainment

Here are the key news stories impacting AMC Entertainment this week:

• Positive Sentiment: AMC posted a surprise adjusted profit of $0.14 per share versus expectations for a small loss, while revenue came in at $1.60 billion, marking the company’s highest quarterly revenue in its 106-year history. Reuters article
• Positive Sentiment: Strong box office performance, including major help from blockbuster films and a massive opening weekend for The Odyssey, boosted ticket sales and supported the view that moviegoing demand is recovering. MSN article
• Positive Sentiment: AMC also reported record adjusted EBITDA and improved operating momentum, which suggests better profitability and cash generation than investors had been expecting. Business Wire press release

Analyst Upgrades and Downgrades

AMC has been the subject of several recent research reports. Weiss Ratings upgraded AMC Entertainment from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, June 23rd. Texas Capital upgraded AMC Entertainment from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 15th. Wall Street Zen raised AMC Entertainment from a “strong sell” rating to a “hold” rating in a research report on Saturday, May 9th. Benchmark upgraded AMC Entertainment from a “hold” rating to a “buy” rating and set a $2.50 target price for the company in a research note on Wednesday, May 6th. Finally, Roth Capital set a $1.50 target price on AMC Entertainment in a report on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $1.80.

Insider Activity

In other AMC Entertainment 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, with a total value of $345,000.00. Following the purchase, the chief executive officer owned 2,437,020 shares in the company, valued at approximately $3,363,087.60. The trade was a 11.43% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.43% of the stock is owned by insiders.

Institutional Trading of AMC Entertainment

Several large investors have recently modified their holdings of the business. UBS Group AG grew its stake 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. Jump Financial LLC bought a new stake in AMC Entertainment in the third quarter valued at about $4,827,000. JPMorgan Chase & Co. raised its stake in AMC Entertainment by 87.6% during the fourth quarter. JPMorgan Chase & Co. now owns 3,120,561 shares of the company’s stock valued at $4,868,000 after buying an additional 1,457,493 shares in the last quarter. Renaissance Technologies LLC raised its stake in AMC Entertainment by 20.6% during the fourth quarter. Renaissance Technologies LLC now owns 8,009,819 shares of the company’s stock valued at $12,495,000 after buying an additional 1,369,000 shares in the last quarter. Finally, State Street Corp raised its stake in AMC Entertainment by 12.7% during the fourth 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 institutional investors and hedge funds.

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.