Unusual put option transaction in AMC Entertainment Holdings Inc – (AMC) worth $298.68,000
On May 25, 2023 at 2:04:23 PM ET, an unusually large $298,68,000 block of Put contracts in AMC Entertainment Holdings Inc – (AMC) was sold, with a strike price of $4.00/ stock, expiring in 113 day(s) (September 15, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 1.79 sigma above the average, putting it in the 96.11th percentile of all recent large options trades made on AMC .
This trade was first detected on Fintel’s real-time options feed tool, where unusual options trades are highlighted.
What is fund sentiment?
There are 458 funds or institutions reporting positions in AMC Entertainment Holdings Inc -. This is a decrease of 45 owner(s) or 8.95% in the last quarter. The average portfolio weight of all AMC dedicated funds is 0.15%, an increase of 100.44%. The total number of shares held by institutions has increased over the past three months by 3.78% to 139,123,000 shares. AMC’s put/call ratio is 1.55, indicating a bearish outlook.
Analyst price predictions suggest a 52.79% drop
As of May 11, 2023, the one-year average price target for AMC Entertainment Holdings Inc – is 2.30. The forecast ranges from a low of 0.50 to a high of $4.72. The average price target represents a decline of 52.79% from its last published closing price of 4.88.
Check out our ranking of companies with the biggest upward price target.
The expected annual revenue for AMC Entertainment Holdings Inc – is 4,784 million, an increase of 17.25%. Projected annual non-GAAP EPS is -0.38.
What are the other shareholders doing?
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares owns 16,170,000 shares representing 3.11% ownership of the company. In its previous filing, the company said it held 15,513,000 shares, which represents an increase of 4.06%. The company reduced its portfolio allocation in AMC by 43.79% in the last quarter.
NAESX – Vanguard Small-Cap Index Fund Investor Shares owns 13,699,000 shares representing 2.64% ownership of the company. In its previous filing, the company said it held 13,122,000 shares, which represents an increase of 4.21%. The company reduced its portfolio allocation in AMC by 43.56% in the last quarter.
VISVX – Vanguard Small-Cap Value Index Fund Investor Shares owns 9,599,000 shares representing 1.85% ownership of the company. In its previous filing, the company said it held 8,957,000 shares, which represents an increase of 6.69%. The company reduced its portfolio allocation in AMC by 45.03% in the last quarter.
Geode Capital Management holds 7,165,000 shares representing 1.38% of the company’s capital. In its previous filing, the company said it held 6,891,000 shares, which represents an increase of 3.82%. The company increased its portfolio allocation in AMC by 18.43% in the last quarter.
VEXMX – Vanguard Extended Market Index Fund Investor Shares owns 7,112,000 shares representing 1.37% ownership of the company. In its previous filing, the company said it held 6,947,000 shares, which represents an increase of 2.31%. The company reduced its portfolio allocation in AMC by 42.39% in the last quarter.
General information about AMC Entertainment Holdings
(This description is provided by the company.)
AMC is the largest motion picture exhibition company in the United States, the largest in Europe, and the largest in the world with approximately 1,000 theaters and 11,000 screens worldwide. AMC has driven innovation in the exhibition industry by: deploying its Signature power reclining seats; provide enhanced food and beverage choices; generate greater customer engagement through its loyalty and subscription programs, website and mobile applications; offering premium large-format experiences and streaming a wide variety of content, including the latest Hollywood releases and independent programming.
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This story originally appeared on Fintel.
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