AMC Entertainment Target of Unusually Large Options Trading (NYSE:AMC)

AMC Entertainment Holdings, Inc. (NYSE:AMC) was the target of some unusual options trading on Friday. Stock investors bought 132,910 call options on the stock. This represents an increase of 110% compared to the average volume of 63,388 call options.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in AMC. Ameritas Investment Partners Inc. grew its stake in shares of AMC Entertainment by 8.7% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 44,447 shares of the company’s stock valued at $138,000 after acquiring an additional 3,558 shares during the period. Wealthfront Advisers LLC lifted its holdings in AMC Entertainment by 7.6% during the third quarter. Wealthfront Advisers LLC now owns 81,455 shares of the company’s stock valued at $236,000 after purchasing an additional 5,763 shares in the last quarter. Traphagen Investment Advisors LLC boosted its position in shares of AMC Entertainment by 26.3% in the second quarter. Traphagen Investment Advisors LLC now owns 30,008 shares of the company’s stock worth $93,000 after purchasing an additional 6,252 shares during the period. Swiss Life Asset Management Ltd boosted its position in shares of AMC Entertainment by 59.5% in the third quarter. Swiss Life Asset Management Ltd now owns 17,512 shares of the company’s stock worth $51,000 after purchasing an additional 6,536 shares during the period. Finally, Victory Capital Management Inc. increased its stake in shares of AMC Entertainment by 14.3% in the third quarter. Victory Capital Management Inc. now owns 58,710 shares of the company’s stock worth $170,000 after purchasing an additional 7,339 shares in the last quarter. Institutional investors own 28.80% of the company’s stock.

Analyst Upgrades and Downgrades

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

AMC Entertainment Trading Up 12.8%

AMC opened at $1.64 on Friday. The firm’s 50 day simple moving average is $2.05 and its two-hundred day simple moving average is $2.63. The company has a market capitalization of $838.66 million, a PE ratio of -1.16 and a beta of 0.72. AMC Entertainment has a 1-year low of $1.44 and a 1-year high of $4.08.

AMC Entertainment (NYSE:AMC) last issued its quarterly earnings data on Wednesday, November 5th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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. AMC Entertainment’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same period last year, the firm posted ($0.04) earnings per share. Equities analysts forecast that AMC Entertainment will post -1.38 earnings per share 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.