AMC Entertainment Sees Unusually High Options Volume (NYSE:AMC)
by Renee Jackson · The Cerbat GemAMC Entertainment Holdings, Inc. (NYSE:AMC – Get Free Report) was the recipient of some unusual options trading on Tuesday. Stock traders bought 92,240 call options on the stock. This represents an increase of 64% compared to the average daily volume of 56,092 call options.
Wall Street Analyst Weigh In
Several research firms have commented on AMC. Macquarie Infrastructure lowered their price target on AMC Entertainment from $3.00 to $2.00 and set a “neutral” rating for the company in a report on Thursday, January 15th. Weiss Ratings restated a “sell (e+)” rating on shares of AMC Entertainment in a report on Wednesday, January 21st. Citigroup dropped their price target on shares of AMC Entertainment from $1.30 to $1.10 and set a “sell” rating for the company in a research report on Wednesday, February 25th. Finally, Roth Mkm cut their price target on shares of AMC Entertainment from $2.00 to $1.50 and set a “neutral” rating on the stock in a research note on Wednesday, February 25th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $2.32.
View Our Latest Stock Report on AMC Entertainment
Institutional Trading of AMC Entertainment
Several hedge funds have recently added to or reduced their stakes in AMC. Jones Financial Companies Lllp raised its position in AMC Entertainment by 761.8% in the third quarter. Jones Financial Companies Lllp now owns 8,480 shares of the company’s stock worth $25,000 after acquiring an additional 7,496 shares in the last quarter. Total Investment Management Inc. acquired a new stake in AMC Entertainment during the second quarter valued at approximately $27,000. Gradient Capital Advisors LLC bought a new stake in AMC Entertainment during the third quarter worth approximately $29,000. Triumph Capital Management grew its position in AMC Entertainment by 139.0% in the fourth quarter. Triumph Capital Management now owns 19,000 shares of the company’s stock worth $30,000 after buying an additional 11,050 shares during the last quarter. Finally, Citizens Financial Group Inc. RI acquired a new stake in shares of AMC Entertainment during the 3rd quarter valued at $34,000. Institutional investors own 28.80% of the company’s stock.
AMC Entertainment Trading Up 4.5%
AMC traded up $0.07 during trading on Tuesday, hitting $1.52. 33,822,268 shares of the company’s stock were exchanged, compared to its average volume of 36,004,715. AMC Entertainment has a 1 year low of $0.93 and a 1 year high of $4.08. The stock has a 50 day moving average price of $1.18 and a 200 day moving average price of $1.83. The firm has a market cap of $802.26 million, a P/E ratio of -1.16 and a beta of 1.80.
AMC Entertainment (NYSE:AMC – Get Free Report) last posted its earnings results on Saturday, January 31st. The company reported ($0.24) earnings per share for the quarter. The company had revenue of $1.29 billion for the quarter. 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.