AMC Entertainment Sees Unusually High Options Volume (NYSE:AMC)
by Danessa Lincoln · The Markets DailyAMC Entertainment Holdings, Inc. (NYSE:AMC – Get Free Report) was the recipient of unusually large options trading on Thursday. Stock investors acquired 192,829 call options on the stock. This is an increase of 161% compared to the average volume of 73,818 call options.
Insider Transactions at AMC Entertainment
In other news, CEO Adam M. Aron purchased 250,000 shares of AMC Entertainment stock in a transaction dated Tuesday, May 19th. The stock was bought at an average price of $1.38 per share, with a total value of $345,000.00. Following the completion of the acquisition, the chief executive officer owned 2,437,020 shares in the company, valued at $3,363,087.60. The trade was a 11.43% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.43% of the company’s stock.
Institutional Investors Weigh In On AMC Entertainment
Several hedge funds and other institutional investors have recently bought and sold shares of AMC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of AMC Entertainment by 21.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 240,255 shares of the company’s stock valued at $690,000 after purchasing an additional 41,860 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in AMC Entertainment by 30.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 710,181 shares of the company’s stock worth $2,038,000 after buying an additional 164,740 shares in the last quarter. JPMorgan Chase & Co. grew its position in AMC Entertainment by 19.8% in the second quarter. JPMorgan Chase & Co. now owns 1,820,405 shares of the company’s stock worth $5,643,000 after buying an additional 300,376 shares during the last quarter. Prudential Financial Inc. increased its holdings in shares of AMC Entertainment by 89.6% in the second quarter. Prudential Financial Inc. now owns 55,685 shares of the company’s stock valued at $173,000 after buying an additional 26,310 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its position in shares of AMC Entertainment by 9.2% during the 2nd quarter. Hsbc Holdings PLC now owns 102,506 shares of the company’s stock valued at $315,000 after acquiring an additional 8,629 shares during the last quarter. 28.80% of the stock is currently owned by institutional investors.
AMC Entertainment Stock Performance
Shares of NYSE:AMC traded up $0.14 during trading on Thursday, reaching $1.97. The company had a trading volume of 32,672,365 shares, compared to its average volume of 34,849,688. The firm’s fifty day moving average is $1.46 and its 200 day moving average is $1.55. The firm has a market capitalization of $1.20 billion, a PE ratio of -1.87 and a beta of 2.22. AMC Entertainment has a twelve month low of $0.93 and a twelve month high of $3.60.
AMC Entertainment (NYSE:AMC – Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The company reported ($0.36) 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 analyst estimates of $979.19 million. During the same quarter in the previous year, the company earned ($0.58) EPS. AMC Entertainment’s revenue for the quarter was up 21.2% on a year-over-year basis. Equities analysts predict that AMC Entertainment will post -0.41 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several research analysts have commented on AMC shares. Weiss Ratings restated a “sell (e+)” rating on shares of AMC Entertainment in a research report on Monday, April 20th. B. Riley Financial reiterated a “neutral” rating on shares of AMC Entertainment in a research report on Friday, April 17th. Roth Mkm set a $1.50 price objective on AMC Entertainment in a report on Tuesday, May 19th. Citigroup raised their target price on AMC Entertainment from $1.10 to $1.20 and gave the company a “sell” rating in a research report on Thursday, May 7th. Finally, Benchmark upgraded AMC Entertainment from a “hold” rating to a “buy” rating and set a $2.50 price target for the company in a research report on Wednesday, May 6th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $2.24.
Read Our Latest Stock Report on AMC
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.
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