AMC Entertainment Sees Unusually High Options Volume (NYSE:AMC)

AMC Entertainment Holdings, Inc. (NYSE:AMC) was the target of unusually large options trading on Tuesday. Investors purchased 227,898 call options on the stock. This is an increase of approximately 108% compared to the typical daily volume of 109,806 call options.

Institutional Trading of AMC Entertainment

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

AMC Entertainment Stock Up 6.8 %

NYSE:AMC opened at $4.86 on Tuesday. The stock has a fifty day simple moving average of $4.43 and a 200 day simple moving average of $4.76. The firm has a market capitalization of $1.83 billion, a price-to-earnings ratio of -3.02 and a beta of 1.83. AMC Entertainment has a 1-year low of $2.38 and a 1-year high of $11.88.

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

Analyst Ratings Changes

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