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 bought 227,898 call options on the company. This is an increase of approximately 108% compared to the average volume of 109,806 call options.

AMC Entertainment Stock Performance

AMC stock opened at $4.99 on Thursday. The business has a 50 day moving average price of $4.43 and a two-hundred day moving average price of $4.79. AMC Entertainment has a twelve month low of $2.38 and a twelve month high of $11.88.

AMC Entertainment (NYSE:AMC) last posted its quarterly earnings results on Wednesday, November 6th. The company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.03. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.33 billion. The firm’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.09) earnings per share. Equities research analysts forecast that AMC Entertainment will post -1.42 EPS for the current fiscal year.

Analysts Set New Price Targets

AMC has been the topic of a number of recent research reports. StockNews.com raised AMC Entertainment to a “sell” rating in a research report on Tuesday, November 12th. Benchmark reissued a “hold” rating on shares of AMC Entertainment in a research report on Thursday, November 7th. Macquarie reissued an “underperform” rating and issued a $4.00 target price on shares of AMC Entertainment in a research report on Wednesday, November 13th. Morgan Stanley dropped their target price on AMC Entertainment from $11.00 to $10.00 and set an “underweight” rating on the stock in a research report on Monday, August 12th. Finally, B. Riley dropped their target price on AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. Four analysts have rated the stock with a sell rating and three have given a hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $5.44.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. KBC Group NV bought a new position in shares of AMC Entertainment during the 3rd quarter worth approximately $37,000. Creative Planning bought a new position in shares of AMC Entertainment during the 3rd quarter worth approximately $48,000. Skylands Capital LLC bought a new position in shares of AMC Entertainment during the 2nd quarter worth approximately $50,000. Amalgamated Bank boosted its stake in shares of AMC Entertainment by 31.5% during the 3rd 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 period. Finally, Burns Matteson Capital Management LLC bought a new position in shares of AMC Entertainment during the 3rd quarter worth approximately $55,000. 28.80% of the stock is currently owned by institutional investors.

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.