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

Key Points

• Traders bought an unusually large volume of AMC call options — 92,240 calls on Tuesday, about 64% above the average daily call volume of 56,092.
• Analysts have trimmed forecasts and ratings recently, leaving AMC with a consensus rating of "Reduce" and a consensus price target of $2.32 after several firms cut targets and issued neutral or sell views.
• Institutional investors have been active: UBS dramatically increased its stake to 23.19 million shares and Vanguard holds 50.12 million shares, while the stock trades around $1.52 with a market cap near $802 million and negative expected EPS for the year.

AMC Entertainment Holdings, Inc. (NYSE:AMC - Get Free Report) was the recipient of unusually large options trading on Tuesday. Traders bought 92,240 call options on the stock. This is an increase of 64% compared to the average volume of 56,092 call options.

AMC Entertainment Trading Up 4.5%

Shares of AMC stock traded up $0.07 on Tuesday, reaching $1.52. 33,822,268 shares of the stock were exchanged, compared to its average volume of 36,004,715. The company has a market capitalization of $802.26 million, a price-to-earnings ratio of -1.16 and a beta of 1.80. The business's 50 day moving average price is $1.18 and its 200 day moving average price is $1.83. AMC Entertainment has a twelve month low of $0.93 and a twelve month high of $4.08.

AMC Entertainment (NYSE:AMC - Get Free Report) last issued its earnings results on Saturday, January 31st. The company reported ($0.24) earnings per share (EPS) for the quarter. The firm had revenue of $1.29 billion for the quarter. Equities research analysts forecast that AMC Entertainment will post -1.38 earnings per share for the current year.

Institutional Investors Weigh In On AMC Entertainment

A number of hedge funds and other institutional investors have recently bought and sold shares of AMC. UBS Group AG lifted its position 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 valued at $67,265,000 after acquiring an additional 22,694,842 shares in the last quarter. Vanguard Group Inc. lifted its holdings 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 purchasing an additional 5,793,996 shares in the last quarter. Jump Financial LLC purchased a new position in AMC Entertainment in the 3rd quarter valued at about $4,827,000. JPMorgan Chase & Co. boosted its stake in shares of AMC Entertainment by 87.6% during the 4th quarter. JPMorgan Chase & Co. now owns 3,120,561 shares of the company's stock worth $4,868,000 after purchasing an additional 1,457,493 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of AMC Entertainment by 20.6% during the fourth quarter. Renaissance Technologies LLC now owns 8,009,819 shares of the company's stock worth $12,495,000 after buying an additional 1,369,000 shares in the last quarter. Institutional investors and hedge funds own 28.80% of the company's stock.

Analysts Set New Price Targets

AMC has been the subject of a number of recent research reports. Macquarie Infrastructure lowered their price objective on AMC Entertainment from $3.00 to $2.00 and set a "neutral" rating on the stock in a research note on Thursday, January 15th. Citigroup dropped their price objective on shares of AMC Entertainment from $1.30 to $1.10 and set a "sell" rating for the company in a report on Wednesday, February 25th. Roth Mkm decreased their target price on shares of AMC Entertainment from $2.00 to $1.50 and set a "neutral" rating on the stock in a report on Wednesday, February 25th. Finally, Weiss Ratings reissued a "sell (e+)" rating on shares of AMC Entertainment in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Reduce" and a consensus target price of $2.32.

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.

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