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

AMC Entertainment Holdings, Inc. (NYSE:AMC) was the recipient of unusually large options trading activity on Friday. Stock investors purchased 132,910 call options on the stock. This is an increase of approximately 110% compared to the typical volume of 63,388 call options.

AMC Entertainment Price Performance

Shares of NYSE:AMC traded up $0.16 during midday trading on Friday, hitting $1.61. The company had a trading volume of 55,838,664 shares, compared to its average volume of 35,248,770. The business’s 50-day simple moving average is $2.07 and its 200-day simple moving average is $2.64. The stock has a market cap of $823.27 million, a price-to-earnings ratio of -1.14 and a beta of 0.72. AMC Entertainment has a twelve month low of $1.44 and a twelve month high of $4.08.

AMC Entertainment (NYSE:AMC) last announced its quarterly earnings results on Wednesday, November 5th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.03). The firm had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.21 billion. The company’s revenue was down 3.6% on a year-over-year basis. During the same quarter last year, the firm posted ($0.04) earnings per share. As a group, sell-side analysts forecast that AMC Entertainment will post -1.38 EPS for the current year.

Institutional Trading of AMC Entertainment

Several institutional investors have recently added to or reduced their stakes in AMC. Vanguard Group Inc. grew its position 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 acquiring an additional 5,793,996 shares in the last quarter. UBS Group AG grew its stake 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 worth $67,265,000 after acquiring an additional 22,694,842 shares in the last quarter. Marshall Wace LLP increased its position in shares of AMC Entertainment by 17,925.0% during the second quarter. Marshall Wace LLP now owns 11,998,516 shares of the company’s stock worth $37,195,000 after acquiring an additional 11,931,950 shares during the period. Geode Capital Management LLC grew its stake in AMC Entertainment by 10.6% during the 2nd quarter. Geode Capital Management LLC now owns 10,253,501 shares of the company’s stock worth $31,790,000 after purchasing an additional 982,532 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in AMC Entertainment by 19.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,820,405 shares of the company’s stock worth $5,643,000 after acquiring an additional 300,376 shares in the last quarter. Institutional investors and hedge funds own 28.80% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of AMC Entertainment in a report on Wednesday, October 8th. Wall Street Zen cut shares of AMC Entertainment from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 8th. Zacks Research downgraded shares of AMC Entertainment from a “strong-buy” rating to a “hold” rating in a report on Friday, November 7th. Finally, Citigroup lowered their price target on AMC Entertainment from $2.70 to $2.30 and set a “sell” rating on the stock in a research report on Thursday, November 13th. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $3.26.

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.