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

AMC Entertainment Holdings, Inc. (NYSE:AMC) saw some unusual options trading on Friday. Traders bought 260,121 call options on the stock. This is an increase of approximately 205% compared to the typical daily volume of 85,277 call options.

Analysts Set New Price Targets

A number of research analysts have commented on AMC shares. Roth Mkm set a $1.50 price objective on AMC Entertainment in a report on Tuesday, May 19th. Citigroup lifted their target price on AMC Entertainment from $1.10 to $1.20 and gave the stock a “sell” rating in a report on Thursday, May 7th. Benchmark raised shares of AMC Entertainment from a “hold” rating to a “buy” rating and set a $2.50 target price for the company in a research report on Wednesday, May 6th. B. Riley Financial restated a “buy” rating on shares of AMC Entertainment in a research note on Thursday, June 11th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of AMC Entertainment in a research report on Monday, April 20th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $2.24.

AMC Entertainment Stock Up 5.1%

AMC stock opened at $2.79 on Friday. The company’s 50-day moving average price is $1.72 and its two-hundred day moving average price is $1.55. The firm has a market cap of $1.71 billion, a P/E ratio of -2.64 and a beta of 2.22. AMC Entertainment has a 12 month low of $0.93 and a 12 month high of $3.60.

AMC Entertainment (NYSE:AMC) last issued its quarterly earnings results on Tuesday, May 5th. The company reported ($0.36) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.04). The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $979.19 million. The company’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.58) earnings per share. Equities analysts predict that AMC Entertainment will post -0.37 EPS for the current year.

Insider Buying and Selling at AMC Entertainment

In other news, CEO Adam M. Aron bought 250,000 shares of the stock in a transaction dated Tuesday, May 19th. The shares were bought at an average price of $1.38 per share, for a total transaction of $345,000.00. Following the completion of the purchase, the chief executive officer owned 2,437,020 shares in the company, valued at approximately $3,363,087.60. This trade represents a 11.43% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.43% of the company’s stock.

Institutional Investors Weigh In On AMC Entertainment

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of AMC Entertainment by 13.1% during the 3rd quarter. Vanguard Group Inc. now owns 50,119,260 shares of the company’s stock worth $145,346,000 after buying an additional 5,793,996 shares in the last quarter. R Squared Ltd acquired a new stake in AMC Entertainment in the third quarter valued at about $63,000. Jones Financial Companies Lllp boosted its stake in AMC Entertainment by 761.8% in the third quarter. Jones Financial Companies Lllp now owns 8,480 shares of the company’s stock valued at $25,000 after buying an additional 7,496 shares in the last quarter. Powell Investment Advisors LLC acquired a new stake in AMC Entertainment in the fourth quarter valued at about $39,000. Finally, Proactive Wealth Strategies LLC bought a new position in AMC Entertainment in the fourth quarter valued at about $143,000. 28.80% of the stock is currently owned by institutional investors.

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.