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

AMC Entertainment Holdings, Inc. (NYSE:AMC) saw some unusual options trading on Tuesday. Investors acquired 136,770 call options on the company. This is an increase of approximately 24% compared to the typical daily volume of 110,700 call options.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Benchmark reissued a “hold” rating on shares of AMC Entertainment in a research note on Thursday, November 7th. 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 research report on Thursday, November 7th. StockNews.com upgraded shares of AMC Entertainment to a “sell” rating in a research report on Tuesday, November 12th. Finally, Macquarie reiterated an “underperform” rating and issued a $4.00 price target on shares of AMC Entertainment in a report on Wednesday, November 13th. Four equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. According to MarketBeat.com, AMC Entertainment presently has a consensus rating of “Reduce” and an average target price of $5.44.

AMC Entertainment Stock Performance

AMC Entertainment stock opened at $4.05 on Thursday. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of -2.52 and a beta of 1.85. AMC Entertainment has a fifty-two week low of $2.38 and a fifty-two week high of $11.88. The stock’s fifty day moving average is $4.47 and its two-hundred day moving average is $4.76.

AMC Entertainment (NYSE:AMC) last announced its quarterly earnings results on Wednesday, November 6th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.03. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same period last year, the company earned ($0.09) EPS. The firm’s revenue for the quarter was down 4.1% on a year-over-year basis. As a group, sell-side analysts forecast that AMC Entertainment will post -1.41 EPS for the current fiscal year.

Hedge Funds Weigh In On AMC Entertainment

Several hedge funds have recently bought and sold shares of AMC. Charles Schwab Investment Management Inc. raised its stake in AMC Entertainment by 153.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,705,500 shares of the company’s stock valued at $16,860,000 after purchasing an additional 2,243,052 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of AMC Entertainment by 18.2% during the second quarter. Renaissance Technologies LLC now owns 10,285,826 shares of the company’s stock valued at $51,223,000 after buying an additional 1,585,430 shares during the period. Marshall Wace LLP acquired a new position in AMC Entertainment in the 2nd quarter valued at $6,775,000. State Street Corp raised its holdings in AMC Entertainment by 14.6% in the 3rd quarter. State Street Corp now owns 7,353,442 shares of the company’s stock valued at $33,458,000 after acquiring an additional 936,618 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of AMC Entertainment by 12.1% during the 3rd quarter. Geode Capital Management LLC now owns 8,047,182 shares of the company’s stock worth $36,622,000 after purchasing an additional 866,757 shares during the period. Hedge funds and other institutional investors own 28.80% of the company’s stock.

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.