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AMC Entertainment Holdings Inc. (NYSE ticker: AMC – get rating) was the recipient of unusually large options trading activity on Friday. Stock traders bought 274,997 put options on the stock. Compared with the average volume of 248,288 put options, this represents an increase of about 11%.
Wall Street analysts weigh in
A number of brokerages recently commented on AMC. MKM Partners cut their price target on shares of AMC Entertainment to $0.50 in a research note on Tuesday, September 6th. B. Riley cut their price target on shares of AMC Entertainment from $11.00 to $7.50 and set a “neutral” rating on the company in a research report on Wednesday, October 12th. Citigroup cut their price target on shares of AMC Entertainment from $1.20 to $1.10 in a research note on Friday, November 25th. At last, Stock News Network Start coverage on AMC Entertainment in a report on Wednesday, October 12th. They set a “sell” rating on the company. Three analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. According to MarketBeat.com, the company currently has an Underweight consensus rating and a consensus price target of $3.72.
AMC Entertainment Stock Performance
shares asset management company It was down $0.49 during Friday’s session, touching $4.42. The stock’s volume was 659,328 shares, compared with its average volume of 28,530,640 shares. The company has a market cap of $2.28 billion, a price-to-earnings ratio of -3.34, and a beta of 1.60. AMC Entertainment had a fifty-two-week low of $4.11 and a fifty-two-week high of $34.33. The company’s 50-day moving average is $6.49 and its 200-day moving average is $6.02.
Institutional inflows and outflows
Hedge funds have recently increased or decreased their stakes in the company. Covestor Ltd increased its stake in AMC Entertainment by 417.6% in the first quarter. Covestor Ltd now owns 1,061 shares of the company worth $26,000 after buying an additional 856 shares last quarter. Allworth Financial LP boosted its position in AMC Entertainment by 46.6% in the second quarter. Allworth Financial LP now owns 2,224 shares of the company worth $30,000 after buying an additional 707 shares last quarter. Cypress Capital Management LLC WY increased its stake in AMC Entertainment by 31.9% in the second quarter. Cypress Capital Management LLC WY now owns 3,103 shares of the company worth $42,000 after purchasing an additional 750 shares last quarter. Spire Wealth Management increased its stake in AMC Entertainment by 132.4% in the second quarter. Spire Wealth Management now owns 3,397 shares of the company worth $46,000 after purchasing an additional 1,935 shares last quarter. Finally, Brookstone Capital Management acquired a new stake in AMC Entertainment for $60,000 in the third quarter. 26.14% of shares are held by institutional investors and hedge funds.
About AMC Entertainment
AMC Entertainment Holdings, Inc, through its subsidiaries, is engaged in the theatrical exhibition business. The company owns, operates or owns theater interests in the United States and Europe. As of March 1, 2022, it operates approximately 950 theaters and 10,600 screens. The company was founded in 1920 and is headquartered in Leewood, Kansas.
further reading
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