AMC Entertainment Target of Unusually Large Options Trading (NYSE:AMC)

AMC Entertainment Holdings, Inc. (NYSE:AMC) saw unusually large options trading on Tuesday. Stock traders purchased 136,770 call options on the stock. This is an increase of approximately 24% compared to the average daily volume of 110,700 call options.

Institutional Trading of AMC Entertainment

Several hedge funds and other institutional investors have recently modified their holdings of AMC. KBC Group NV acquired a new position in AMC Entertainment in the 3rd quarter worth about $37,000. Creative Planning bought a new position in AMC Entertainment during the third quarter valued at approximately $48,000. Skylands Capital LLC acquired a new stake in AMC Entertainment in the second quarter valued at approximately $50,000. Amalgamated Bank grew its position in AMC Entertainment by 31.5% in the third quarter. Amalgamated Bank now owns 11,568 shares of the company’s stock worth $53,000 after acquiring an additional 2,771 shares in the last quarter. Finally, Burns Matteson Capital Management LLC acquired a new stake in shares of AMC Entertainment in the 3rd quarter valued at $55,000. Institutional investors and hedge funds own 28.80% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on AMC. StockNews.com raised shares of AMC Entertainment to a “sell” rating in a research note on Tuesday, November 12th. Benchmark restated a “hold” rating on shares of AMC Entertainment in a research report on Thursday, November 7th. Macquarie reiterated an “underperform” rating and set a $4.00 price target on shares of AMC Entertainment in a research report on Wednesday, November 13th. Finally, B. Riley cut their price objective on AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. Four investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. According to data from MarketBeat, AMC Entertainment presently has a consensus rating of “Reduce” and an average target price of $5.44.

AMC Entertainment Stock Performance

AMC traded up $0.14 during trading on Tuesday, reaching $4.20. The company had a trading volume of 14,087,648 shares, compared to its average volume of 25,331,076. AMC Entertainment has a 12-month low of $2.38 and a 12-month high of $11.88. The company has a market cap of $1.58 billion, a price-to-earnings ratio of -2.65 and a beta of 1.85. The firm’s 50-day simple moving average is $4.47 and its 200 day simple moving average is $4.76.

AMC Entertainment (NYSE:AMC) last released its quarterly earnings results on Wednesday, November 6th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.03. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the prior year, the firm earned ($0.09) EPS. The firm’s revenue was down 4.1% compared to the same quarter last year. On average, sell-side analysts expect that AMC Entertainment will post -1.41 EPS for the current year.

About AMC Entertainment

AMC Entertainment Holdings, Inc, through its subsidiaries, engages in the theatrical exhibition business. It owns, operates, or has interests in theatres in the United States and Europe. The company was founded in 1920 and is headquartered in Leawood, Kansas.