Finance

What Recent Ownership Trends Suggest About AMC Entertainment Holdings, Inc. (AMC)’s Future Performance

Recent insider trends for AMC Entertainment Holdings, Inc. (NYSE:AMC) have caught the attention of investors. Insider data is useful because it can reveal what a company’s executives and largest shareholders feel about a stock. In this case, the data has some interesting things to say about how AMC might perform in the future.

Institutions own 122.41% of AMC Entertainment Holdings, Inc. (AMC)’s shares. The total value of these holdings, in millions, is $843. Among active positions in the latest quarter, 117 holders increased their positions by a total of 23.23 million shares, 87 holders decreased the positions by a total of 21.89 million shares, and 19 holders held their positions. This works out to a net increase in ownership of 1.34 million shares, and suggests that institutions are feeling bullish about the stock.

Among new and sold out positions, 50 holders initiated new positions by a total of 11.93 million shares and 52 holders exited their positions by a total of 12.23 million shares. This nets out to a decrease of 300857 shares and is another bearish sign for AMC.

In the last three months, insiders executed a total of 1 trades. 1 of these were buys. Insider ownership increased by a total of 35000 shares, which suggests that AMC’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: insiders executed 16 buys and 11 sells, and ownership increased by a net of 79831 shares.



Analysts often look at short interest, or the number of shares currently being shorted by investors, to aid in their outlook for a particular stock. AMC Entertainment Holdings, Inc. (NYSE:AMC)’s short interest is 20.74 million shares, or % of the float. This represents an increase of 3% in the number of shares being shorted compared to the previous reading, and implies that investors felt more pessimistic about the stock during the past two weeks.

Ownership trends and trading patterns can be useful tools for predicting a stock’s performance, but it’s also important to consider the technicals in order to form a more comprehensive view. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that AMC is a Weak sell, which implies that AMC is expected to underperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that AMC Entertainment Holdings, Inc. (NYSE:AMC) is overvalued.

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