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

AMC Entertainment Holdings, Inc. (NYSE:AMC) was the target of some unusual options trading on Thursday. Investors bought 192,829 call options on the stock. This is an increase of 161% compared to the typical volume of 73,818 call options.

Insider Buying and Selling at AMC Entertainment

In related news, CEO Adam M. Aron purchased 250,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The shares were purchased 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 of the company’s stock, valued at $3,363,087.60. This trade represents a 11.43% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 0.43% of the stock is owned by company insiders.

Institutional Investors Weigh In On AMC Entertainment

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. UBS Group AG raised its position in shares of AMC Entertainment by 4,537.9% in the third quarter. UBS Group AG now owns 23,194,957 shares of the company’s stock valued at $67,265,000 after purchasing an additional 22,694,842 shares during the period. Vanguard Group Inc. grew its stake in AMC Entertainment by 13.1% in the 3rd 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. Jump Financial LLC bought a new position in AMC Entertainment in the 3rd quarter worth $4,827,000. JPMorgan Chase & Co. raised its holdings in AMC Entertainment by 87.6% in the 4th quarter. JPMorgan Chase & Co. now owns 3,120,561 shares of the company’s stock worth $4,868,000 after acquiring an additional 1,457,493 shares during the period. Finally, Renaissance Technologies LLC lifted its position in AMC Entertainment by 20.6% during the 4th quarter. Renaissance Technologies LLC now owns 8,009,819 shares of the company’s stock worth $12,495,000 after acquiring an additional 1,369,000 shares during the last quarter. 28.80% of the stock is currently owned by institutional investors and hedge funds.

AMC Entertainment Price Performance

AMC traded up $0.14 during midday trading on Thursday, hitting $1.97. 32,672,365 shares of the company’s stock traded hands, compared to its average volume of 34,849,688. The company has a market cap of $1.20 billion, a PE ratio of -1.87 and a beta of 2.22. The stock’s fifty day simple moving average is $1.46 and its 200-day simple moving average is $1.55. AMC Entertainment has a one year low of $0.93 and a one year high of $3.60.

AMC Entertainment (NYSE:AMC) last issued its quarterly earnings data on Tuesday, May 5th. The company reported ($0.36) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.04). The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $979.19 million. The company’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.58) EPS. On average, research analysts expect that AMC Entertainment will post -0.41 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on AMC shares. Wall Street Zen upgraded shares of AMC Entertainment from a “strong sell” rating to a “hold” rating in a report on Saturday, May 9th. B. Riley Financial reiterated a “neutral” rating on shares of AMC Entertainment in a research report on Friday, April 17th. Weiss Ratings restated a “sell (e+)” rating on shares of AMC Entertainment in a report on Monday, April 20th. Roth Mkm set a $1.50 target price on AMC Entertainment in a research report on Tuesday, May 19th. Finally, Citigroup increased their price objective on AMC Entertainment from $1.10 to $1.20 and gave the stock a “sell” rating in a research note on Thursday, May 7th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, AMC Entertainment presently has a consensus rating of “Hold” and an average price target of $2.24.

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.