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

AMC Entertainment Holdings, Inc. (NYSE:AMC) saw unusually large options trading on Monday. Traders acquired 286,941 call options on the company. This is an increase of 162% compared to the average daily volume of 109,662 call options.

Institutional Trading of AMC Entertainment

Institutional investors have recently bought and sold shares of the company. KBC Group NV purchased a new position in shares of AMC Entertainment in the third quarter valued at $37,000. Skylands Capital LLC purchased a new position in AMC Entertainment during the 2nd quarter valued at about $50,000. Creative Planning purchased a new position in AMC Entertainment during the 3rd quarter valued at about $48,000. Amalgamated Bank raised its position in AMC Entertainment by 31.5% during 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 during the last quarter. Finally, Burns Matteson Capital Management LLC purchased a new stake in shares of AMC Entertainment in the third quarter valued at about $55,000. 28.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on AMC. Morgan Stanley cut their price target on AMC Entertainment from $11.00 to $10.00 and set an “underweight” rating for the company in a research note on Monday, August 12th. StockNews.com upgraded shares of AMC Entertainment to a “sell” rating in a research report on Tuesday. Benchmark reaffirmed a “hold” rating on shares of AMC Entertainment in a report on Thursday, November 7th. Wedbush reissued a “neutral” rating and set a $4.00 price target on shares of AMC Entertainment in a report on Monday, August 5th. Finally, B. Riley lowered their price objective on AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Four equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. According to data from MarketBeat, AMC Entertainment has a consensus rating of “Reduce” and an average price target of $5.44.

AMC Entertainment Stock Up 1.7 %

Shares of NYSE AMC opened at $4.57 on Wednesday. The stock has a market capitalization of $1.65 billion, a price-to-earnings ratio of -2.84 and a beta of 1.83. AMC Entertainment has a 52 week low of $2.38 and a 52 week high of $11.88. The firm has a 50-day moving average price of $4.50 and a 200 day moving average price of $4.68.

AMC Entertainment (NYSE:AMC) last posted 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 company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.33 billion. AMC Entertainment’s revenue was down 4.1% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.09) earnings per share. Equities research analysts expect that AMC Entertainment will post -1.42 EPS for the current fiscal year.

AMC Entertainment Company Profile

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.