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

AMC Entertainment Holdings, Inc. (NYSE:AMC) was the target of unusually large options trading on Tuesday. Investors bought 136,770 call options on the company. This is an increase of 24% compared to the typical volume of 110,700 call options.

AMC Entertainment Stock Up 4.8 %

NYSE:AMC opened at $4.26 on Wednesday. The company has a market capitalization of $1.60 billion, a PE ratio of -2.65 and a beta of 1.85. The stock’s 50 day moving average price is $4.47 and its 200 day moving average price is $4.76. AMC Entertainment has a 52-week low of $2.38 and a 52-week high of $11.88.

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

Institutional Investors Weigh In On AMC Entertainment

Several hedge funds have recently modified their holdings of the stock. KBC Group NV acquired a new stake in shares of AMC Entertainment in the 3rd quarter worth $37,000. Skylands Capital LLC acquired a new stake in shares of AMC Entertainment in the 2nd quarter worth approximately $50,000. Creative Planning purchased a new position in AMC Entertainment in the 3rd quarter valued at approximately $48,000. Amalgamated Bank raised its holdings 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 purchasing an additional 2,771 shares during the last quarter. Finally, Burns Matteson Capital Management LLC purchased a new stake in AMC Entertainment during the third quarter worth $55,000. 28.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AMC has been the subject of several analyst reports. Macquarie reiterated an “underperform” rating and set a $4.00 price target on shares of AMC Entertainment in a report on Wednesday, November 13th. B. Riley lowered their target price on shares of AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. Benchmark restated a “hold” rating on shares of AMC Entertainment in a research note on Thursday, November 7th. Finally, StockNews.com raised AMC Entertainment to a “sell” rating in a research report on Tuesday, November 12th. Four research 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, the stock currently has a consensus rating of “Reduce” and a consensus price target of $5.44.

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.